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Why is Cyber Liability Insurance Important?

Now in its 18th year, Cybersecurity Awareness Month continues to raise awareness about the importance of cybersecurity across our nation. This year’s theme is ‘Do Your Part. #BeCyberSmart’, helping to empower individuals and organizations to own their role in protecting their part of cyberspace.

In this video, our Commerical Lines Manager Corey Valvano and Charlie Sturm from Socius Insurance discuss why is cyber liability insurance is becoming more important in a post-COVID world. They also discuss the effects of ransomware, business interruption, and social engineering and how these events could impact your business. Lastly, Corey and Charlie cover the misconceptions of cyber risk as related to small businesses and coverage limits. Cybercriminals are very good at getting information from unsuspecting victims. A cyber liability insurance policy can cover costs associated with the liability of a claim or suit related to a data breach.

Test Your Risk – Take A Free Cyber Assessment

We offer a Cyber Insurance Program that can help better protect your business. For more information contact us at (570) 655-2831.