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Hiscox can help you protect your business from malware and hackers with cyber security insurance for small businesses. Cyber security insurance protects businesses against computer-related crimes and losses. This can include targeted attacks, such as malware and phishing, as well as the occasional misplaced laptop containing confidential material. If your business computer system is compromised by a targeted or an accidental attack, you may be liable for the cost to notify the affected parties and provide credit monitoring, even if the data is not exploited. You could lose money to a phishing attack or lose business due to a ransomware demand. A cyber insurance policy is designed to cover privacy, data, and network exposures. The list of regulations and statutes continues to expand regarding the use and protection of cyber security information, as well as notification requirements in the event of a breach.

Businesses of all types depend on computers and other online systems daily, whether to service customers, market products, or accept payments. But this digital world also comes with cyber-related risk — including system failures, privacy breaches, and ransomware attacks, to name a few. Without the right insurance protection, responding to an event could be devastating to a company’s finances and reputation. Our cyber liability solution, Data Insure, from Ironshore helps protect companies against a variety of network security and privacy exposures resulting from data breaches and other cyber events. The fallout from a cyber incident can be significant, costing businesses time, money, and valued customer relationships.