Cyber Liability Insurance Get an Instant Quote Want an indicator for the cost of Cyber Insurance for your Business? Complete the quick questionnaire, then have one of our risk management experts review the quotes with you to ensure the accuracy and finalize a plan. Lets Get Started! I want a Consultation! A consultative appointment with an experienced risk management expert to help you get the best value for your insurance dollar. Contact Me! Cyber Liability is a Question of “WHEN” Not “IF” Data drives the organizations of today’s world. Businesses of all sizes have experienced a cyber attack or data breach, with the average cost to rectify in 2020, $3.86 million per occurrence. Even small businesses were not exempt in 2020, and made up 28% data breaches. One stolen laptop, one careless employee, a virus or even paper records that fall into the wrong hands, can create a financial and reputational consequence affecting your business for years to come.Without Cyber Liability Insurance protection, a large percentage of small businesses go out of business in just six months. We are here to protect your business and your future stability. What does Cyber Liability Insurance cover? With a comprehensive cyber liability insurance policy, you can feel confident you’re covered in case of data breaches and related issues, including:Data compromise protection to cover employee and customer information (Social Security numbers, credit card numbers, account numbers, driver's license numbers, health records, etc) if your data should ever be hacked, stolen (physical and electronic), corrupted, or subject to procedural errors or internal fraudLegal cost protection incurred by legal reviewsForensic services to assist in determining the nature, extent, and perpetrators of an electronic breachPersonal services for any persons affected, which may include help line services, credit monitoring and case managers for identifying theft victims.Public relations costs paid for firms to review and respond to the potential impact of the data compromiseCosts of legal defense in an event that the company is sued due to the breachIdentity recovery protection to identify fraud victims and restore their credit history and records. This includes owners, employees and family members.We can help protect your business against damage to electronic data, virus or malware attack, liability to third parties, and also help recover the cost of:Restoring and recreating data to your systemRestoring systems to pre-attack levelsLost business and unforeseen expensesPublic relations services, to communicate with outside parties concerning a computer attack and your public response Who Needs Cyber Liability Insurance? One of the common misconceptions is that Cyber Liability insurance is protection already available on a General Liability policy. That is not true. With most of our business conducted by means of a computer, smartphone, money transfers, and less by cash, a handshake and a written contract, protecting your business is greater than now than ever. Cyber liability insurance coverage is available for any size business, nonprofit organizations, and retailers.Cyber Insurance can be essential in helping recover after a data breach, which is not limited to:Costs associated with legally mandated notifiticationsPublic relations expenseLegal feesEquipment damagesBusiness distruptionAdditional recovery costs We Make It Simple Our first priority is helping you take care of yourself and your business. We understand every business need is different. Our business insurance sales associates are trained in helping you identify your cyber liability needs through our consultative insurance buying interview. Contact Consultative Insurance Group or one of our team members today or complete the quote request below and we will be happy to reach out to you at a convenient time that suits you best! Ask how to become a Partner on our Business Partner pages!