Cyber Insurance Is Serious Business
Unfortunately, data breaches and other cyber crimes are becoming way too common. In the past couple years, data breaches have resulted in major fines and legal fees - not to mention headaches - for a discount retail chain, one of the nation's largest banks, a well-known health insurer, an entertainment network and the federal government.
But it's not just large organizations that are susceptible to being hacked or getting a virus. Did you know that 55% of small businesses have experienced a data breach and that 53% have had multiple breaches?
I couldn't imagine using any other insurance agency....
"Ovation Insurance made the process extremely easy from start to finish. We had been with the same insurance company for over 10 years. We thought we had good policies until we had Ovation Insurance review everything. We realized we were under-insured while paying far too much in the process. We're excited to work with a team who is both proactive and friendly, who really has our best interest in mind! "
Karen Riles, Agency Client
I’ve been with this agency for many years and can’t say enough about the outstanding customer service I receive. Betty and Sharon are great and Joel, of course! Thanks to all of you for taking good care of my insurance needs!
Jeanne Callahan, Agency Client
Won't My Current Insurance Cover Cyber Damages?
General liability insurance covers bodily injuries and property damage resulting from your products, services or operations. Cyber insurance is often excluded from a general liability policy.
Most states require companies to notify customers of a data breach involving personally identifiable information, which is a process that can be very expensive, but at the same time the least of your worries should such a claim arise.
What Cyber Insurance Covers
These are just a few areas in which a cyber insurance policy will protect your business. Don't know what some of these mean? All the more reason to talk to one of our cyber advisors.