Cyber Liability Insurance for Small Businesses

Cyber Liability & Data Breach Insurance

In our ever-changing digital world, we are increasingly relying on technology to conduct business. With the use of computers comes the liability of exposing your customer’s or employee’s personal or proprietary information to hackers. The business owner is liable to protect this information and can outsource this risk to an insurance company by purchasing a cyber liability insurance policy. All companies should carry cyber liability insurance to ensure a breach does not put them out of business.

What Does Cyber Insurance Cover?

Cyber extortion, ransomware, and wire transfer fraud is something that businesses face every second of every day. Cyber liability policies typically cover expenses related to data breach response, including: 



• Investigations to determine how the breach occurred
• Customer notification and credit monitoring services
• Legal defense costs
• Regulatory fines
• Business interruption losses 

Cyber liability insurance carriers can also help the business determine if their IT infrastructure is lacking controls to keep hackers out and protect the business in the event of a breach. The carriers utilize their team of cyber risk experts in public relations, legal, IT, and accounting that specialize in helping businesses recover after a breach occurs. All companies should carry cyber liability insurance to ensure a breach does not put them out of business.

Three Reasons To Choose BIS

Our Carriers

We work with top-rated carriers in the insurance market, including Selective, Hanover, Travelers, Hartford, Nationwide, Chubb, Liberty Mutual, and more.