Thursday, May 14, 2015

Cyber Liability: A Growing Menace

In an era of daily data breaches, every business with a computer is at risk—which means every business needs cyber insurance coverage.

But cyber insurance has historically been a tough sell for independent agents and brokers. 

Most agents do a fine job explaining the nuanced cyber risks that confront their mid-size and smaller business clients. And more than 70 insurers now provide some form of cyber protection. But many Main Street businesses still believe their system or network firewalls, anti-virus software, encrypted data and marginal online presence protect them from cyber criminals.

They’re wrong.



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