Cyber Insurance

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Keep Your Data Locked Down

data loss insurance

Your business needs its accumulation of data in order to run correctly in the coming months and years, and to work alongside employees and customers to make a truly excellent experience for everyone involved. However, due to the increased virtualization of record and data-keeping policies, this information is sometimes prone to being lost or stolen. Protect your business from this issue and the fallout of such problems with data loss insurance. Not only does this service attempt to prevent loss from occurring, but has your businesss back in the event that an attack occurs. You can expect your agency to:

  • Handle important press-related matters in a way that keeps your business safe from legal harm while informing the public of what went wrong and how you intend to mitigate the damage.
  • Reach out to employees and customers who might have been impacted by a breach in the credit or information zones, placing their accounts and livelihoods at risk.
  • Provide you with both the legal and forensic services required to analyze how and why the breach occurred, and keep you safe from various lawsuits and other threats in the aftermath of the entire ordeal.

Data loss insurance is there to help your business maintain its professionalism and credulity, regardless of your industry. Speak with a professional to learn more about how this resource can benefit you over the years.

Things to Look for In Your Data Loss Insurance

data loss insurance

In today’s technology-driven business world, digital data is essential to the proper function of many companies. Though it proves to be very beneficial and essential, it also stands as a liability. The mishandling of data could result in large lawsuits. To protect your company in such instances, data loss insurance can be very beneficial. When selecting your plan, there are a few things that you should look for.

Scope of Coverage

The scope of coverage is the amount of coverage that you receive for a specific benefit. Though a benefit is included in a plan, that does not mean that it provides adequate coverage. It is critical that you understand how much coverage is offered for the benefits you need.

Limits or Caps

Some benefits come with limits or caps on the amount that will be paid out for them. The terms may be for a year or for the lifetime of the policy. Making sure that you understand these limits can help you to properly plan and prepare.

Stipulations and Requirements

Some benefits may come with specific stipulations on what or who is covered, while others may have requirements that must be met before you qualify for the coverage benefit. Not being aware of these things could leave you uncovered in certain situations.

By making sure that you look for and understand these key aspects of a policy can help you to select the best data loss insurance for your company and get the most use out of it. To learn more, speak with your local agent.

Find the Right Provider For You

automatic data processing insurance

Considering the amount of sensitive digital information that is received and stored by various companies on a daily basis, proper automatic data processing insurance can be essential. In fact, should a company find itself facing a lawsuit, coverage could mean the difference between staying afloat and closing down. A proper insurance provider will have certain traits that you will want to look for.

Comprehensive Coverage

In order for your coverage to be most effective it is important that you fully understand what all is included and what is not. A proper provider will have agents available to help you to understand what is offered and how it can apply to your business. You should also be mindful of the scope of the coverage offered to ensure that it is sufficient.

Options to Fit Your Needs

Businesses are different, and as such so are their coverage needs. While some insurance providers offer one size fits all solutions, there are others that work with you to establish insurance solutions that fully meet your needs.

Additional Assistance

When you select a policy you not only gain coverage but also a new ally in securing your business. By helping to make sure that your business is compliant and utilizing safe practices, the provider can essential decrease the chance that you will need to file a claim. Therefore, you should seek a provider that offers additional assistance, such as compliance management, to make sure that your company stays on the right track.

By keeping these things in mind you can be sure to select the right automatic data processing insurance provider for you.


Small Businesses Need to Get Cyber Liability Coverage

Cyber Liability Insurance

Cyber liability coverage is something every business needs to have. Every company is at risk of having a data breach or loss, and when it happens, numerous costs need to be handled. Even larger companies are not immune, and you have likely seen a news story of when a notable company experiences a breach. Small businesses are not immune, so make sure you get insurance.

A Majority of Data Breaches Happen to Small Businesses

Data breaches to nationally-known companies make the news, but a vast majority of these cases, including credit card breaches, occur to small businesses. These companies generally do not have as tough security measures as more reputable companies and are seen as easier targets to hackers.

Insurance Can Help With Civil Litigation

Unlike multi-million dollar companies, your small business may not have the resources to recover from a data breach. Customers may take you to court to receive compensation for allowing credit card theft to occur. Paying out of pocket can ruin a business, but with a comprehensive insurance policy, you can receive assistance to help you get through this time.

It is better to be safe than sorry, so get cyber liability coverage as soon as you open up your small business. Having access to peoples credit card information, health records or bank account numbers makes you a target, so get the coverage you need.

Indiana Cyber Security Insurance Reduces Liability Issues

Indiana cyber security insurance

Cyber breaches and cyber crimes in general have become a major concern for many businesses and are now almost a daily occurrence. With smartphones and laptops only adding to concerns of files and personal information being at risk, along with the ability to access Wi-Fi at local bookstores, coffee shops and businesses that cater to the public, the problem is only magnified.

While all of this technology has made doing business a lot simpler and quicker it unfortunately comes with a price. The Internet has given criminals easier access to invade company databases and steal confidential records. This affects companies both large and small. The issue of cyber liability is a serious one and can end up being quite costly. A breach occurring at a major corporation can run in the millions of dollars, and a smaller company risks being brought to the brink of ruin. Indiana cyber security insurance is required to help local businesses deal with acts related to cyber crimes.


Convenience comes at a price

Business owners, while excited about the convenience of using computers, and also doing business online, must take certain precautions to avoid being infiltrated. Companies that rely on wireless and mobile communication for their business must constantly be aware that there is a serious risk at hand. Never use a shared computer to log into bank accounts or other confidential websites that may be compromised. Employees should only conduct financial transactions on a secure network.

Employees must protect the confidentiality of emailby never sharing passwords, and making sure that no one is able to steal their login information. This just makes it easier for someone to steal private information, as well as credentials. For example, when using public kiosks be aware that they may be infected with malware that has the ability to record keystrokes.

Owners should have their IT team develop a system with checks and balances to ensure all large transactions are safe from the possibility of cyber hackers. In addition, make sure to only log into legitimately sponsored networks. Turning off the Bluetooth feature when not in use will make it much more difficult for hackers to access laptops, tablets, and mobile phones. With the constant use of online banking a company’s business assets can easily be the target of severe criminal activity.

While Indiana cyber security insurance cannot prevent cyber breaches, it can be used to settle claims and pay for losses related to cyber crimes.


Carmel Cyber Risk Insurance Concerns

Business owners now realize that no one is safe from a cyber attack. The risk of an intrusion against every business model has become so prevalent that it now makes the news on a regular basis. There have been attacks on everyone from major corporations, to small businesses, and even the White House was breached. This should serve as a reminder to many small business owners here in Carmel that they should invest in Carmel cyber risk insurance as part of their coverage package since they too may be vulnerable and should take steps to avoid similar attacks from data thieves.

Many companies in the area can greatly benefit from business insurance that deals specifically with cyber theft and cyber breaches and the resulting expenses incurred directly after a theft occurs. Once hackers get into your system, it doesn’t take very long to steal records, along with the concern that the data theft could also occur from within the company, either intentionally or unintentionally.

Some breaches occur from trusted insiders

Practically every company has sensitive information in their computers and an unauthorized person may be able to access this information, including a disgruntled worker who may be simply seizing an opportunity to profit by stealing personal records. Any business collecting and storing sensitive information from customers, including credit card information, contact information, social security numbers, medical information, etc. is a prime candidate for data theft.

Ways to reduce risks for cyber-attacks

Constantly changing the passwords you and your employees use to log into your technology systems on a regular basis can lower your odds of an attack. Avoid emailing sensitive information, or use a secured email service and have employees lock their computer screens anytime they are away from their desks for any length of time.

You should document all visitors and avoid allowing un-escorted or unsupervised visitors access to your offices. Also, don’t open strange attachments or click unusual links in emails, especially from unknown senders that might introduce a virus into the system. Finally, have a written policy in place so that all employees understand the expectations and rules regarding how your business handles sensitive data.

To protect your small business from the damage caused by these types of exposures, consider a Carmel cyber risk insurance policy. Speak to an agent that can help you identify the risks your business may face before, during, and after an attack occurs.

Cyber Risk and Medical Records in Nursing Home Systems

Cyber Risk and Medical Records in Nursing Home Systems

In the wake of numerous online data breaches, one target group that may be being overlooked is nursing home residents. Its hard not to imagine just how vulnerable people living in nursing homes are for cyber risk. After all, its getting increasingly more difficult to keep healthcare records secure due to what is now the enormous amount of online medical records and billing systems in place.

Many different types of facilities and businesses use the Internet to service and update software. Unfortunately, hackers can break into these systems and easily access nursing home documents. For example, if a cyber thief is able to access an administrators passwords, theyll then be able to gain access to the network of healthcare records and install software to capture medical record passwords.

Nursing homes require stricter security measures

The fact of the matter is that the security currently in place at many healthcare facilities is inadequate and therefore ill equipped to combat cyber theft or keep up with the number of attacks constantly occurring throughout the US. Cyber security is a somewhat relatively new field that is slowly evolving and creating ways to deal with this very serious issue. Hopefully the situation will be less of a concern as more advancement is made to deal with the problems caused by cyber criminals.

Medical data privacy is a major concern and something that needs to be strictly controlled for the simple reason that healthcare records are extraordinarily sensitive. Thieves realize the value of having this information and knowingly sell stolen medical records for profit. Credit card information illegally obtained can go for around $20 per card. Healthcare records are much more valuable because more fraud can be committed with this information, like taking advantage of Medicare and prescription accounts.

Another way to help resolve your clients issues with this type of identity theft is by suggesting that those family members with loved ones in nursing homes stay on top of the records of residents. If they notice any suspicious activity it should be reported to the nursing home administrators right away. Our nations elderly have enough to worry about without the added threat associated with this kind of cyber risk.

Businesses that Need Big Data Insurance

Businesses that Need Big Data Insurance

There isn’t a single business in the world that doesn’t need some type of insurance. However, there is a specialized form of insurance that is necessary for only a few key types of business. Big data insurance is one type of policy that is absolutely necessary for select kinds of companies. Here are some businesses that can need this type of insurance.

Doctors’ Offices

It is fundamentally important that doctors’ offices, clinics, urgent care facilities and other similar businesses get big data insurance. These facilities deal with a massive amount of confidential information. Protecting a patient’s medical history and private details is one of the services this insurance provides. In the event of a breach, this insurance will fund efforts to investigate the attack, notify those affected and manage the crisis.


Because lawyers also deal in confidential information, they likewise need data insurance. This type of insurance is used both when the data is compromised and in the event of a lawsuit. If a client should sue the law firm or attorney’s office where the attack took place, this insurance would cover any settlements or judgments.

Protecting your clients and their information is as simple as having the right insurance policy. Offering big data insurance can help your client’s company in the event of an information breach. Make sure that you offer top-quality data insurance to your clients.

Wearable Tech Could Cause Cyber Liability

Wearable Tech Could Cause Cyber Liability

Innovation is the name of the game when it comes to wearable technology, and within the next decade, it is entirely possible that these increasingly common items–such as fitness bands, digital glasses, smart watches, medical devices, GPS-enabled cameras, and so on–could change the way you function on a daily basis even more than your trusty smart phone has. (And just think for a moment how ubiquitous such phones have become–they seem to be practically glued to people’s hands.) This new tech can definitely make life easier, but at the same time could also compromise the privacy and security of anyone who uses it, creating situations where a cyber insurance claim could come into play.

Wearable technology puts together in one little gizmo all of the collection, tracking, and communication capability that today’s mobile devices have, resulting in an astounding amount of personal information that is captured and transmitted in real time. Consider what some of these devices can do:

Fitness bands–These units can help you track your way to fitness by taking note of everything from your heart rate to the number of steps you take in a day and other exercise-related matters; your sleep patterns; and how many calories you’ve consumed. However, this sensitive information, if compromised, could be sold to interested parties.

Medical devices–While these units can save lives, criminals have discovered how to hack some of the devices, enabling them to be controlled remotely–in some cases, causing lethal doses of insulin (via insulin pumps) and voltage (via pacemakers) to be delivered to the wearer without his or her knowledge.

GPS-enabled cameras–recording family occasions or providing security and surveillance are the positive uses of these items, but they also offer an easy means to invade others’ privacy when people are recorded without their knowledge or consent.

Talk to a professional insurance agent who has expertise with the technology sector and can offer guidance in a cyber liability insurance program designed to offer protection from the risks your business faces. Your agent can also help you with a risk mitigation plan to help ensure the devices you and your employees have come to rely on are used properly to enhance rather than endanger your health and well being. Consult a knowledgeable agent today.