Unfortunately, cyber-attacks are a growing threat to small businesses. A cyber-attack can be malicious malware that will damage a computer or server, a computer virus, phishing to collect confidential information, or ransomware to restrict computer access until a ransom is paid. Cybersecurity Ventures reports that cybercrimes will cost the world $6 trillion annually by 2021.
With small businesses relying on remote workers, there’s even more considerable risk with employees not having adequate cybersecurity resources and knowledge of computer security issues.
The Small Business Association of America’s recent survey indicated that 88% of small business owners felt vulnerable to a cyber-attack. Sadly, the vulnerability is a reality, making cyber liability insurance a must-have for small business owners. This insurance is sometimes referred to as media insurance. With many retailers and small businesses sharing sensitive data digitally, small business risk is high.Darr Schackow Insurance can help minimize the risk for small business owners with cyber liability insurance. This type of insurance for a small business is designed specifically for data breaches, cybersecurity threats, and malicious attacks. Policies can be tailored to specific industries, and the cover protects the company but can also protect the business clients.
To learn about how a cyber liability insurance policy can protect your business, contact the Darr Schackow Insurance Company. An application only takes a few minutes, and within 24 hours, your small business will have a cyber liability insurance quote. The last thing a small business needs to deal with on top of the COVID-19 pandemic is a cybercrime.