A Costly Compromise
A compromised data protection system can present a costly situation for businesses. A cyber criminal’s goal is to breach a company’s defense systems and obtain sensitive information or cause outages with ransomware. Resolving these issues can cost organizations thousands and damage their reputations.
While we often hear of cyber crimes impacting big businesses on a larger scale, it’s crucial to recognize that small businesses have just as much risk. Anything from a mom-and-pop coffee shop to a small dental practice collects more sensitive information than you might imagine.
Cyber Insurance and Small Business
No matter the size of your business, you must be protected from all angles. Cybercriminals often target smaller organizations because they assume they are less secure. Proper commercial insurance and data security policies are paramount.
In addition, as a small business your reputation in the community is key. The last thing you want to do is disappoint your loyal customer base by exposing their information. In the event of a breach, cyber insurance will cover your expenses and remedy the damage as quickly as possible to keep customers satisfied.
Furthermore, as cyberattacks become more common, industries are implementing strict regulations on cyber policies. A robust insurance plan can help your small business comply with industry guidelines.
Questions about Cyber Insurance?
If you have questions about cyber insurance or need a quote, please contact Steve Longenecker (303-808-9351 x2) at Mountain Insurance: Longmont.
We give out $25 gift cards for referrals that become our insurance clients.