Do you need a cyber insurance policy?

If your company uses a computer…

As you can imagine, if you use a computer for your business, you are susceptible to a cyber event. The more your company uses computers, the more risk you have. From malware to ransomware to data breaches, bad actors are targeting smaller and smaller firms.

As a smaller firm, you are being targeted for a lot of reasons.  Hackers, crackers, and criminals target smaller businesses because they know they have money but they also have less training and cybersecurity controls compared to larger companies. The impacts of a cyber event on small businesses are significantly higher than for the larger corporations.

Unfortunately, cyber incidents can devastate small businesses. Up to 60% of small businesses affected by a cyber attack or data breach go out of business within 6 months. We designed AdmittedCyber to help small business owners prevent cyber incidents, control the impact of an attack, and remediate any claims so they can get back to doing what they do best.

Contractual Requirements

Many contracts are now requiring cyber coverage. Many of our customers have come to us because their vendors and customers are requiring their firm to provide evidence of a cyber insurance policy. So even if you don’t think you need cyber insurance, you may be required to purchase it by the terms of your client or vendor contracts. We provide the coverage to satisfy your contractual requirements at the right price, with rates approved by state regulators.

Why Stand Alone Cyber Insurance?

You may think that your other policies cover you for cyber claims, but many businesses are finding that insurance companies are denying claims for providing only a small part of the expected coverage. Our policy, reviewed and approved by state regulators, is designed to fill these gaps in your coverage and prevent damage to your brand.

Our claims teams only deal with Cyber. so we are prepared to respond to a cyber event more quickly and efficiently than a typical Property or Liability carrier. Our goal is to get you back to normal as quickly as possible with minimal effect on your day to day business.

No one can tell me what it covers

Too often, small businesses struggle to understand the offerings of a cyber insurance policy or do not understand their exposure. We understand that cyber attacks represent one of the largest threats to small businesses. Go to the next page to find out more about what a strong cyber insurance policy covers and how we can protect your business.