Cyber Protection

October 11, 2023

It's Cybersecurity Month!

National Cybersecurity Awareness Month is held every October to raise awareness about the importance of cybersecurity.  This month, we're committed to giving you the resources you need to be safer and more secure online.

Why Is Cyber Important? The information and digital age allows us to collect more data, collaborate more efficiently, streamline business processes, and extract information around the globe 24/7. Increased reliance on computer systems and access to information can significantly increase a company’s exposure to cyber security threats. Outages, mistakes, or attacks on these new processes can result in significant out-of-pocket costs that can devastate an organization’s bottom line. So when it does happen, you’ll need broad protection from an insurer that specializes in handling cyber risks, offers a full suite of integrated insurance solutions to help minimize gaps in coverage, and understands how to tailor coverage to your business. Chubb has been committed to providing our insureds with cyber solutions since 1998. Gaps in Traditional Insurance Businesses may be operating under the belief that their existing insurance policies are enough to cover their data security and privacy exposures. Unfortunately, this is not always the case and traditional insurance policies may be inadequate to respond to the exposures organizations face today. Consider these traditional policies: General Liability General Liability policies are typically triggered in response to Bodily Injury (BI) and Property Damage (PD) claims. A cyber event will not usually involve either BI or PD and General Liability policies typically don’t offer coverage for any first-party costs. Property Property policies typically respond to destruction or damage to tangible property resulting from a physical peril. The tangible loss then permits the business interruption and extra expense coverage to respond. A cyber event, on its own, may not result in physical damage, yet the event can shut down a business resulting in substantial expense costs and loss of income.

I know..... a lot of information.  Give us a call for a quick quote to protect your business!!

Barbara Gant

2411 Virginia Pkwy. #5

McKinney, Texas 75071