A programmer working on code exposing data digitally
© Getty Images

Top 10 reasons you need cyber insurance

A cyber attack happens every 20 seconds

An icon of a clock indicating that a cyber attack happens every 20 seconds
In fact, the odds of you becoming a victim of a cybercrime are greater than experiencing a loss due to flood or fire.

A data breach can be devastating

An icon showing a dollar sign inside an arrow pointing up, indicating that a data breach can be costly
Being a victim of cybercrime and responding to an attack is highly costly, and can damage or cripple a small business.

Cyber risks are constantly changing

An icon showing arrows, a laptop, and a smartphone, indicating that cyber risks are constantly changing
As technology evolves, so do the risks that threaten your business and the data you use. Having insurance to protect against new and evolving risks is critical.

Hackers are highly organized criminal teams

An icon showing 3 hackers connecting and collaborating as an organized team of cyber criminals
© Getty Images
Cybercrime is big business, and is not just perpetrated by individuals, but often by highly organized criminal teams from nation states.

Nearly all businesses are at risk

A cloud computing icon, showing a lock inside a cloud, indicating that all businesses are at risk of a cyber attack
© Getty Images
If you depend on a computer, tablet, smartphone, or the internet to conduct business, you’re exposed to cyber risks. Digital devices can be entry points for cybercriminals.

You don't have to be a big business

An icon showing the exterior of a small business
© Getty Images
Nearly half of all data breaches target small businesses. Cybercriminals are looking for vulnerabilities, and small businesses with outsourced or underfunded IT departments often have them.

Cyber insurance is affordable

An icon showing a hand and a dollar sign, illustrating that cyber insurance is affordable
© Getty Images
Compared to the cost of other types of business insurance, cyber coverage costs less for the level of protection it provides.

You don’t have to be targeted by a criminal

An icon showing data stored in the cloud
© Getty Images
Cyber insurance also helps to respond to an unintentional leak of personal data or records.

Businesses don’t often budget for cyber risk

An icon illustrating stacked dollar bills
© Getty Images
If you don't have insurance to cover cyber risk, this type of loss could put a small business out of business.

Cyber insurance is comprehensive

An icon showing a wide umbrella covering people indicating that cyber insurance is comprehensive
Our cyber insurance includes coverage for computer attacks, data breaches, cyber extortion, liability, and identity theft.

No matter the type of business, where it is located, or how much time is spent online, businesses need cyber insurance.

Have questions?