Cyber Insurance

Data Breach – Even if You Do Everything Right

You do it all right. You keep all of your software updated.  You install your patches in a timely manner. You hold regular security awareness seminars. You have an active anti-phishing program.  Your run anti-malware on all your workstations. Your firewalls are perfectly configured. And, yet, you STILL vulnerable to a data breach.  The good guys have to win a hundred times a day.  The bad guys only have to win once.

The average cost of a data breach is $204 per record.  If you only have 2500 records, that’s over half a million dollars in risk.

Your expenses could include: Legal and Defense Expenses, Crisis Management Response Expenses, Regulator Fees and Expenses, Notification Expenses, Identity Theft Recovery Expenses, Information Asset Recovery Expenses, Business Interruption, Cyber Extortion

Identity Theft Coverage

Identity theft is when someone steals your personal information and uses it to impersonate a you. They can steal from your bank accounts, establish phony insurance policies, open unauthorized credit cards and obtain unauthorized bank loans. Criminals can use your stolen personal information to get a job, rent a home or take out a mortgage in your name.

If you are a business owner you may be liable if a criminal steals your customer’s identity, because of a data breach on your system.

Identity theft coverage includes expenses fees associated with reclaiming your identity. This may include legal fees, lost wages, child care and expert advice.


You can  manage ransomware risk through the adoption and implementation of cyber security best practices, by training employees how to spot and avoid social engineering exploits, such as phishing emails. However, there is no perfect cyber security.You  must accept that you may face a ransomware attack.  Our products can help you mitigate the risks of ransomware and other forms of cyber extortion.