Cyber Liability Coverage Protects the Brains (and Heart) of Your Business
Providing superior customer service is the heart of your business. At the same time, you need to protect the “brains” of your business—your data, your customers’ data, and your devices.
Did you know that 44 percent of small businesses have reported that their business has experienced a cyber-attack or hacking attempt? And, that the average cost of a breach for a small or mid-sized business is over $180,000? Costs include legal fees, IT services, customer notification, public relations expenses, and more.*
Some data breaches can be avoided by educating your employees and implementing good data security practices. However, when your business is targeted, the costs to recover data, remove viruses, purchase new devices, and repair your company’s reputation can be substantial.
Full Support from an Insurance Company with Heart
As a small or mid-size business, it can be difficult to handle the many issues that surround a breach of your data, networks, or devices. Your staff may not have the experience or resources to deal with the myriad of issues you may face. Badger Mutual’s cyber liability insurance provides expert assistance in the following areas:
The BrandGuard™ Difference
While most cyber policies reimburse your company for actual losses, you may experience indirect losses from customers and vendors that choose not to do business with your company as a result of the security breach. That’s why Badger Mutual cyber liability insurance includes BrandGuard™—to help your business return to profitability. BrandGuard covers losses that may result from the adverse publicity and notifications that typically follow a data security incident. While most data policies only protect the brains of your business, BrandGuard from Badger Mutual protects the heart of your business as well.
When choosing cyber liability coverage, you need a friend in the business. Rely on the company you already know and trust.
*Privacy Rights Clearinghouse, 2014.