The Power of Cyber Liability Insurance to Protect Your Business
Data breaches are commonplace today, causing havoc on a business’s reputation along with financial damage. Additionally, cyber threats are becoming more sophisticated with phishing, social engineering, and other techniques meant to hold a company’s network hostage for ransom, disrupt a firm’s operation, steal confidential customer data, and poach intellectual property. And it doesn’t matter what size your company is or what industry you’re in. Hackers are reaching into networks of the financial services industry, healthcare, manufacturing, transportation, hospitality, education, public entities, and habitational…the list goes on.
What once considered a policy for larger corporations Cyber Liability insurance today is as essential as General Liability and Property coverage are for all businesses. Without it, you are putting your company at risk for financial loss from first and third-party losses and, depending on your industry, from regulatory fines and penalties.
The Regan Agency works with top-tier insurance companies that have developed customized Cyber policies, including affordable, tailored coverage for small businesses.