Call Us (201) 664-2973 ☰ ˟
Get A Quote Customer Service


Johl & Company
(201) 664-2973
  • Home
  • Coverage
    • Automobile
    • Business
    • Commercial Auto
    • Cyber Liability
    • Health
    • Homeowners
    • Life
    • Motorcycle
    • Personal Umbrella
    • Workers Compensation
  • Get a Quote
    • Automobile
    • Business
    • Commercial Auto
    • Health
    • Homeowners
    • Life
    • Motorcycle
  • Blog
  • Resources
    • Refer a Friend
    • Important Links
    • Insurance Glossary
  • About Us
    • About Johl & Company
    • Our Office
    • Our Reviews
    • Privacy Policy
  • Contact
Auto Icon Home Icon Business Icon Life Icon Health Icon Boat Icon
Home > Blog > Why Do Small Businesses Need Cyber Coverage?
MONDAY, FEBRUARY 27, 2023

Why Do Small Businesses Need Cyber Coverage?

Owning a small business requires significant investments, and it’s only natural to want to protect the time, energy and collateral you’ve put into it. One way to safeguard your business is by having the proper insurance coverage. Most businesses have a standard commercial insurance plan, but another coverage worth considering is cyber liability insurance.  


You may think your small business would never be a target for cyber crimes. But more than half of cyber attacks are committed against small-to-midsize businesses. Of those, 60% close their doors within six months of an attack, according to a report from Cybersecurity Ventures. It is critical to ensure that your company’s data is protected. 


What Is Cyber Liability Insurance? 


Cyber liability insurance, also known simply as cyber insurance, can help provide financial assistance after a cyberattack, data breach or other event that results in data loss.  a close up of a computer keyboard


What Does Cyber Insurance Cover? 



Cyber insurance typically helps pay for recovery costs and services associated with the incident, such as the following: 
  • Notifying individuals whose information is affected
  • Recovering and restoring compromised data
  • Credit monitoring services
  • Computer forensics
  • Device repairs
  • Public relations costs to repair reputational damage
  • Civil damage lawsuits
  • Lost transferred funds


What Types of Businesses Need Cyber Insurance? 


Almost any business can be at risk for cyber crimes, but cyber liability insurance is especially critical for the following: 
  • Businesses that store critical data online or on computers
  • Businesses with large customer bases
  • Businesses with high revenue or valuable digital assets

 

Speaking with an insurance provider can help you determine terms, limits and exclusions to create a policy that best suits your business’s needs. 


Cyber Liability Insurance in Englewood, Hackensack and Westwood, NJ 


If you are interested in learning more about cyber liability insurance, contact Johl & Company. We can help you get the optimal cyber liability insurance policy for your business. Reach out for more information or to get a quote. 


This blog is intended for informational and educational use only. It is not exhaustive and should not be construed as legal advice. Please contact your insurance professional for further information. 

Posted 12:48 PM

Tags: cyber, liability, insurance, commercial, coverage
Share |


No Comments


Post a Comment
Required
Required (Not Displayed)
Required


All comments are moderated and stripped of HTML.

NOTICE: This blog and website are made available by the publisher for educational and informational purposes only. It is not be used as a substitute for competent insurance, legal, or tax advice from a licensed professional in your state. By using this blog site you understand that there is no broker client relationship between you and the blog and website publisher.
Blog Archive
  • 2023
  • 2022
  • 2021
  • 2020

  • auto insurance(5)
  • life insurance(4)
  • workers compensation insurance(4)
  • business insurance(4)
  • health insurance(3)
  • commercial insurance(3)
  • liability(2)
  • insurance(2)
  • general liability insurance(2)
  • bop insurance(2)
  • commercial(2)
  • home insurance(2)
  • coverage(2)
  • commercial auto insurance(2)
  • general(1)
  • renters insurance(1)
  • flood insurance(1)
  • cyber(1)
  • bop(1)
  • remote workers(1)
  • business(1)
  • business owners policy(1)
  • telecommuters(1)
  • summertime health risks(1)
  • workers comp(1)
  • small(1)
  • homeowners insurance(1)
  • car insurance(1)

View Mobile Version
Facebook
Twitter
Google Maps
LinkedIn
YouTube
Get Directions
Contact Us Today
Have Questions?
Contact Us
Resources
Get A Quote
Refer A Friend
Contact Us
About Us
Our Carriers
Blog
Contact us 199 Center Ave.
Westwood, NJ 07675

(201) 664-2973
Fax: (201) 664-7015
© Copyright 2021. All rights reserved. Powered by Insurance Website Builder.