As technology grows, progresses, and becomes increasingly pivotal to our businesses, the risk of data loss, data breaches, and other cyber crimes grows. Cyber Insurance protects you from loss having to do with information technology. Recent precedent for issues of this sort includes major fines and legal fees — not to mention immense headaches, exposure for customers, and lost opportunity. Recently, an alarming number of large and capable companies across industries have fallen victim to major cyber crimes, resulting in billions of dollars in damages.

Perhaps surprisingly, it’s not just the largest organizations that are being targeted. Small businesses tend to be easier targets for hackers, due to less vigilance, and less-sophisticated security features. Such events can damage more than your computer systems; they affect everything your company’s systems control, in addition to your reputation and the customers on which you depend.

Cyber insurance can be a smart precaution for any business.