Unfortunately, data breaches and other cyber-crimes are now inherent challenges of doing business in any industry. In the past few years, data breaches have resulted in major fines, legal fees, and headaches – for not just large organizations but small businesses and professional services firms as well. No business is completely immune from being hacked or getting a virus. It has been reported that 55% of small businesses have experienced a data breach and that 53% have had multiple breaches?1
Data breaches can damage more than just your small-business computer system – it also can damage your reputation and put your clients and/or employees at risk.
This podcast will look at
- Why is it necessary for firms to carry Cyber coverage in this day and age?
- How does Cyber Insurance differ from other lines of coverage, such as Professional Liability?
- How has Cyber Insurance evolved and where do you see it going in the coming years?
You can listen to this podcast with Mike Shea, President, SGP Advisors and Harrison Tropp, Advisor, SGP Advisors