A Savvy Business Owner’s Checklist for Cyber Insurance Coverage
Posted: October 19, 2021
A Savvy Business Owner’s Checklist for Cyber Insurance CoverageAny business that uses computer technology today has to deal with cyber risk. Ransomware attacks are on the rise, and small and medium businesses are being targeted more than ever. With the shift to more people working from home in 2020, cybercriminals are taking advantage of the opportunity to exploit remote workers. Cyber insurance may be essential for a business of any size. The following...
Ransomware is a National Threat! Protect Your Small Business
Posted: October 14, 2021
Ransomware is a National Threat! Protect Your Small BusinessIn Q2 2021, phishing was the most popular method, according to Coveware, for launching a ransomware attack, leading to a median ransom cost of $47,000 and an average of 23 days of downtime Businesses need MFA to keep themselves safe from cyber threats, and phishing attempts. Google and Microsoft offer MFA on email and collaboration tools for free; admin can turn on enforcement at the click...
Do I Need Business Insurance for My Side Gig?
Posted: October 4, 2021
Do I Need Business Insurance for My Side Gig?A side gig is a great way to earn extra cash. It is an opportunity to branch out on your own, and it could even grow into a full-time business that allows you to “quit your day job.” One thing to keep in mind while running a side hustle is the importance of protecting your business and yourself in case something goes wrong. To be...
What Is Cyber Insurance? 1st Party Cyber Coverages (part 2 of 3)
Posted: August 10, 2021
Over 43% of cyberattacks are geared toward small businesses and a 1-person company!!! When looking to transfer technology risks, your cyber insurance should have 1st party and 3rd party coverages. We covered in details what a 3rd party cyber liability coverage looks like in our previous blog. Let’s look at the extensive list of what a comprehensive cyber insurance offerings are to you, as a...
What Does Cyber Insurance Cover? 3rd party cyber liability overview (part 1 of 3)
Posted: July 27, 2021
When looking to transfer technology risks, your cyber insurance should have 1st party and 3rd party coverages along with other include coverages based on the industry you belong to. Insurance companies are constantly studying and updating the ever-changing cyber coverages based on claims and technology growth. Let’s look at what are the major 3rd party cyber liability coverages look like…. These are CLAIMS MADE LIABILITY COVERAGES:...