Protect Your Business with Cyber Liability Insurance Coverage

Cyber Crime Is on the Rise, Don’t Wait to Protect Your Business

It’s not a matter of “if” but “when” your business will be hacked. So don’t be left unprepared.

In today’s world, data breaches are becoming more and more common. If your business stores sensitive data – customer information, financial data, or employee records – you’re at risk of being hacked. And if you are hacked, the consequences can be disastrous.

Not only could you face expensive fines and lawsuits, but you could also damage your reputation and lose customers. That’s why it’s so important to have cyber security insurance. Cyber security insurance can protect you financially if you suffer a data breach and protects against other risks such as privacy violations, cyber extortion, and malicious code attacks.

As the world increasingly moves online, cyber security has become a top priority for individuals and businesses. Here are some critical facts about cyber security:

• There are more than 4 billion internet users worldwide, which is growing daily.

• Every minute, four companies fall victim to ransomware attacks.

• More than 500,000 pieces of malware are detected every day.

• The average damage of a data breach is now more than $4 million.

• Approximately 60% of small businesses shut down within six months of a cyberattack.

While no business is immune to these risks, cyber security insurance can help mitigate the financial damage caused by an attack. In addition, as companies increasingly rely on data, cyber security insurance will become essential to protecting the bottom line. In today’s digital age, data is everything, making it worth defending.

It’s time to start shopping for cyber security insurance.

Contact LBP Insurance today, and we will begin working on your policy and peace of mind.