Cyber Risk and your small business

Your business depends on your computer system, confidential client information and Website operation every day. Are you prepared to comply with complex breach notice laws? Can you securely bring your system back into operation and defend your business in a network security lawsuit?

In today's technology-driven world, the risks associated with doing business online and storing sensitive customer data electronically have never been greater.

Cyber risk is steadily increasing and data breaches now affect hundreds of millions of records a year. Reports of cyber breaches continue to rise at a dramatic rate-from large corporations to local mom-and-pop businesses.

As a business owner, you are trusted with storing private client data such as driver’s licenses, birthdates, addresses, credit history and more. The bottom line is, you are responsible for protecting your clients’ data and can be liable if it is compromised.

To protect against the ever-increasing threat confronting small businesses as they handle their clients' information, The Russell Agency can help small business owners with cyber liability insurance products.

Coverage can include:

First and third-party protection in a comprehensive coverage form

Covered cause of loss includes administrative or operational mistakes

Breach of privacy coverage—includes damages resulting from alleged violations of HIPAA, state, federal and foreign privacy protection rules

Customer breach notice expense and coverage (via sub-limit)

Limits up to $5 million

If you are interested in protecting your small business against cyber risk, please contact Tim Russell today at 203.255.2877 to learn more.

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