Choose a Madison, MS, Insurance Agent to Help You with Cyber Insurance

Cyber theft is on the rise every year, putting your small business at risk from threats like social engineering and phishing. The criminals behind these attacks have no regard for the companies they target. Cyber insurance is designed to help protect businesses from these risks. While large corporations often make headlines when they’ve been hacked, small to mid-sized companies are increasingly becoming targets. Cybercriminals know that smaller businesses may lack the resources to recover from an attack, making them more likely to pay to retrieve their data. To safeguard your business, consult with your Madison, MS, insurance agent, who has the expertise to guide you.

Why Cyber Liability Insurance Is Crucial for Small Businesses

Technology makes many things in life easier. Anyone with a laptop can find ways to entertain themselves or make money honestly. Still, some choose to make money by making other’s lives miserable by infiltrating computer systems and farming for information and data. If you’ve been trying to determine how you can protect your company and your client’s data, consider why you need a cyber liability insurance policy:

1. You store personal information about your customers. Any business that accepts digital payments, uses computers and other internet-connecting devices, and stores information such as contact details, financial data, or medical records, needs a cyber policy.
2. You don’t have money sitting around to pay a ransom. Some cyber thugs will hold your data for ransom. They will extort as much money as possible. Having a policy will help protect your business against lost revenue and recovery costs from an extortion threat.
3. You need protection in the event of a lawsuit from a data breach. Laws vary by state, but you could still face lawsuits or other consequences because of a data breach. It’s possible that any lawsuits could crush your business and make you close your doors forever.

Types of Cyber Insurance You Can Buy from Your Insurance Agent

As hackers become bolder, you need to find a policy that best fits your needs. Look to your reliable insurance agent for coverage, such as:

• Breach costs: Data breaches are common. Your agent may suggest coverage for a data breach to help with forensic costs, notification costs, and credit protection for affected parties.
• Cyber extortion: Get help if financial payments are required for ransom demands.
• Cybercrimes: This covers social engineering and reverse social engineering.
• Business interruption: You can lose money if a hacker locks down your system with viruses or other tech failures.

Partner with Experienced Insurance Agents in Madison, MS

Choosing the right insurance coverage for your company starts with partnering with the team at Hawsey Insurance. We have served small and mid-sized companies in Mississippi for decades. We have the experience and know-how you deserve to help you in assessing your risk, picking the best policies, and customizing your cyber coverage. From general liability to umbrella policies, we’re here for the long haul to support you and your business. Let’s talk today. Please give us a call!

Call Hawsey Insurance at 601-856-7707 to discuss your needs with a qualified insurance agent. Feel free to contact us online or make an appointment to stop by our Madison, Jackson, and Southaven, MS offices.