Cyber Insurance: Do You Have The Right Coverage?

Cyber Insurance: Do You Have The Right Coverage?

A recent court case could serve as a warning for companies as they try to determine how to insure against cyber losses.  National Bank of Blacksburg v. Everest National Insurance Co. involves two coordinated hacks from 2016 in which cyber criminals stole $2.4 million...
Beware of cyber-light policies

Beware of cyber-light policies

“Cyber-light” is a term used to describe policies that are low on actual cyber coverage, so that the carrier can promote cyber as part of a package policy, at very little additional cost to the insured. But this coverage can do more harm than good, because it gives...
Why SMBs Are Under Cyber Attack

Why SMBs Are Under Cyber Attack

Though corporate giants like Target, Anthem, and Home Depot get most of the media attention for cyber attacks, small and medium-sized businesses (SMBs) are actually more likely to be attacked.  Yes, you read that correctly.  According to the Verizon 2013 Data Breach...
Cyber Insurance Becomes A Real Need for Physicians’ Offices

Cyber Insurance Becomes A Real Need for Physicians’ Offices

Physicians Money Digest has published a new article on their website titled, “Cyber Insurance Becomes Necessity for Physicians’ Offices,” about the importance for physicians’ offices to carry cyber liability insurance.  In fact, they went so far as to say that because...

The Rogue Employee – Why SMBs Need Cyber Insurance

Rogue employees are a major cause of data breaches. There could be one sitting in your office right now. Disgrunted current or ex-employees can do serious damage that is costly and time-consuming to repair. Protect your company from malicious employees and other cyber...

Data Breach and Cyber Insurance – Ask the Right Questions

Insurance agents need to be very thorough when discussing cyber insurance coverages with their clients, making sure to ask the right questions. Failure to correctly assess a client’s cyber risk exposures is a risk to the insurance agents E&O. Agents need to guide...