Category: Cyber Insurance

3 Tips for Improved Cybersecurity for Family Companies

Cybersecurity for high net worth individuals has been on the rise in recent years. The number of large corporations breached has hit the news with fairly regular occurrence. Family-run businesses have been hit as well making these cybersecurity tips a must for these business entities. Cybersecurity Policy As seen on https://www.owensgroup.com/, cybersecurity policy is missing

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3 Reasons Why Businesses Need Cyber Insurance

A quick glance at recent headlines reveals the ever-increasing threat of digital attacks. If conducting business online or storing client data, institutions are susceptible to attack. Purchasing cyber liability insurance helps provide valuable protection against this growing threat in the following three ways. 1. Close Gaps in Business Coverage Traditional insurance policies do not always

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Reasons Why Cyber Liability Insurance Is Vital to a Business

Any company can become the victim of a data breach. From an individual’s personal details to the corporate documents required to run a business, there’s no shortage of sensitive information that is at risk of being lost or stolen. Following are the reasons why businesses should consider cyber liability insurance in PA. No Business Is

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The Hidden Costs of a Cyber Attack

Being hacked is every company’s worst nightmare. You can lose thousands, if not hundreds of thousands, if hackers get their hands on your account access information. However, the immediate loss of funds is just one side of the coin. Without a comprehensive cyber security insurance policy, you are likely to accrue a slew of hidden

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How to Know When Your Financial Data Is Insured

If you’re a business owner or someone who is highly involved in management, you bear the responsibility of insuring your company against various liabilities. Today, business owners are purchasing both general liability and cyber liability insurance in PA. To understand why both insurance policies are necessary, its important to break down what each type of

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3 Ways to Reduce Your Companys Cyber Risk

Virtually every company today faces cyber risk. Hackers can take your customers information with ease, and then you have to allocate resources to dealing with the aftermath. Although a comprehensive insurance policy should be acquired in case this ever happens, there are other things your business can do to reduce the risk. 1. Have Strong

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The Importance of Electronic Data Processing

Electronic data processing, sometimes referred to as automatic data processing insurance, is becoming a more and more important policy for businesses to have. This coverage protects computers, data storage devices and the data itself. Most businesses use computers and storage devices and have data. Why is EDP so important for today’s businesses? Businesses Rely on

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Cyber Risk, Risk Aversion, and Insurance

Your clients across all sectors of business are beginning to understand the serious ramifications pertaining to Cyber Risk. So many businesses now rely on the Internet for services such as online marketing, administrative functions, inventory management, credit card processing, and distribution controls. Cyber security and information protection is, quite frankly, no longer an option. While

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Which Financial Losses Can Cyber Risk Insurance Help Cover?

Many business owners know that cyber breaches can lead to significant financial liability if an affected third party takes legal action. However, it can be easier to overlook the immediate costs that a business may face even if no claims are made. Fortunately, a strong cyber risk insurance policy can address many of these expenses,

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