Cysurance Cyber Security Policy - Cyber Liability Insurance
Our Cyber Policy protects your business with a customized and comprehensive cyber liability insurance program. It helps your organization deal with post-incident coverage and recovery at a lower cost than most businesses realize.
Remote teams are more endangered than ever!
Cyber incidents have increased 600% since COVID-19 swept across the world, driven by 'Work From Home' and phishing scams related to the pandemic.
“It takes 20 years to build a reputation and few minutes of cyber-incident to ruin it.”
Small and Medium Businesses (SMBs) are compromised by a cyberattack every 14 seconds.
60% of companies that fall victim to a cyberattack go out of business within 6 months.
90% utilize financing with a personal guarantee, putting both their business and personal assets at risk.
In today's day and age these words are more relevant then ever. Business owners should not think whether they might be at risk but rather - are they well protected?
Our policy always pays first – even if you have other collectible insurance, includes coverage for events that occurred prior to the policy effective date without the insured’s knowledge, and will never force a litigation settlement.
WHAT DOES THE
CYSURANCE POLICY COVER?
The legal aspects of a data breach, particularly in the legal fees and costs of settlements, civil awards, or judgements resulting from a lawsuit. Liability costs centered on network security, privacy liability, and copyright infringement/domain name infringement (electronic media liability).
WHAT DOES THE
CYSURANCE POLICY PAY FOR?
Costs associated with notifying affected customers and employees of a data breach. Public relations and reputation management/recovery costs. Business interruption expenses, cyber extortion reimbursement, and legal and forensic expenses to determine the extent of a data breach and its perpetrators.
With a Protect Now Cysurance Cyber Security Policy, you can get back on your feet as quickly as possible after a cyber incident.
WITH FULL POLICY
up to $2M
for teams of 5 & more
Digital Data Recovery
First and Third-Party Coverage
No Deductible for Incident Response
Broad Policy Definitions
Regulatory & Legal Costs
How is it relevant? / The Cysurance Burger Index.
Estimated Total Cyber Incident Costs for a restaurant based on 168 compromised customer records = $393,952
Business Interruption - $9,000
Crisis Management - $17,444
Data Restoration - $168,421
Fines/Penalties - $224
Incident Response - $168,421
PCI - $27,442
Ransomware - $3,000
Total amount translated into BURGERS served (based on a cost of $9.50 per burger)
The enrollment process takes less than 5 minutes, and the full cyber security policy is effective within seconds after you sign. No application, no waiting, no broker! It really is that easy!