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Tag: Cyber Liability Insurance

Essential Insurance Coverage For Online Businesses

Posted: December 19, 2020

Insurance is low on the list of priorities for many online businesses – and this could be a mistake. The truth is, online businesses face unique threats that could lead to loss of income, or the loss of the business itself. If you own an online business, purchasing an insurance policy to provide protection against common risks just makes good business sense. What Threats Do...

Ransomware and Cyber Attacks Grow with Enhanced Technology

Posted: November 2, 2020

Just last week, a New York healthcare system was in jeopardy. Ryuk Ransomware successfully disconnected its IT system within hours of the initial attack! How come this was not detected? A new form of ransom was not identified by the antivirus software providers and security agencies. With protocol in place, the hospital restored the IT operations and rebooted their system - the same day as...

What Is Cyber Insurance Coverage?

Posted: August 13, 2020

We all understand in today’s world that cybersecurity is a mandatory action we take to protect our business from financial ruin. But…what does cyber insurance cover? Cybersecurity insurance covers first-party risks that refer to the policyholders' losses.  A cyber breach can cause business interruption leading to loss of revenue system and operational damage and cyber incident response costs. Third-party risks are also covered in cyber...

Cyber Insurance is a MUST! Even an 11-yr-old KNOWS this

Posted: August 2, 2020

every business need cyber insurance to cover cyber attack expenses Even an 11 year old understands how important to have cyber insurance along with cybersecurity services. When you have a data breach and cyber attack, your business will survive and will not go broke with cyber insurance picking up the cost to restore your data, doing forensic analysis or any other legal expenses. Highrated Haroun...

Starting a Business | Part 5: Business Insurance

Posted: June 23, 2020

Starting a Business | Part 5: Business Insurance Do what needs to be done, even if you don't wanna do it! Every business needs insurance since they need to cover a variety of things from product liability to company vehicles etc. The most needed & common types of commercial insurance are property, liability, cyber and workers' compensation. In general, property insurance covers damages to your...