Cyber Insurance

Do you need Cyber Insurance?

Large online based companies are not the only ones susceptible to a cyber-attack. Did you know that 55% of small businesses have experienced a data breach and that 53% have had multiple breaches? A data breach can damage more than just your small-business computer system – it also can damage your reputation and put your customers and/or employees at risk. A small business owner can be at risk of a cyber claim, even if their only form of business internet usage is email. That's why cyber insurance can be a smart precaution for any size business.

Cyber insurance generally covers your business' liability for a data breach involving sensitive customer information, such as Social Security numbers, credit card numbers, account numbers, driver's license numbers and health records. Besides legal fees and expenses, cyber insurance typically helps with notifying customers about a data breach, restoring personal identities of affected customers, recovering compromised data, and repairing damaged computer systems.

This article provides generic information only, for specific coverage questions on your policy please contact your Bouvier Agent at 860.232.4491 or www.binsurance.com.