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What is Cyber Insurance & Does My Business Really Need It?

As a business owner you are certainly aware of the benefit that connectivity and cyberspace can offer in today’s technology based market place. But, are you also focused on the looming threats that are associated with the internet? Choosing to ignore your company’s susceptibility to hacking and malware can have a crippling effect on your small business. In this article, we will analyze the benefits of cyber insurance and determine if your business really needs Cyber Insurance.

Renters Insurance Covers More Than Just Tenants

Studies have shown that while 96% of homeowners maintain homeowners insurance, less than half of renting tenants have a renters’ insurance policy. While many tenants feel that renters insurance may be another hurdle on the financial track towards residency, a large number of renters discover through a painstaking experience that not securing this coverage is a much bigger problem.

Make Sure Your Coverage is There When Your Car is Not

According to the FBI a motor vehicle is stolen every 44 seconds and less than 15% of the cases are resolved. The overall trend of vehicle thefts seemed to be slowing substantially since 2003, when the introduction of more sophisticated anti-theft systems was routinely implemented on the assembly line. However, vehicle theft rates are back…