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Cyber Risk

cyber risk

Cyber Liability Risk

Every business is at risk for a cyber breach. Even the White House has experienced a cyber breach. Cyber breaches are now a fact of life, and every state now has mandatory requirements for data breach notification. Statistics show 41% of all cyber incidents affect businesses with fewer than 100 employees. If you store data, including private information on computers, use   e-mail, generate revenue online, or use your computer to control production, manufacturing, or inventory, your company is at risk!

Best Practices For Cyber Risk

While cyber liability insurance should be considered by every business, in addition, we also recommend specific procedures and defensive programs to limit or reduce your risk.

  • Make sure you comply with all state and federal laws
  • Have a written cyber breach policy
  • Follow all HIPAA laws
  • Hire an IT Director, or make one person responsible for network security
  • Focus on using long passwords (longer than 13 characters) and change frequently
  • Develop notification procedures
  • Do not open emails or open attachments from email addresses you do not recognize
  • Train employees on the use of laptops and out of office access
  • Invest in the latest anti-cyber software
  • Verify that all your vendors comply with laws and statutes

Cyber Liability Insurance

Most businesses large and small now purchases cyber liability insurance which is designed to cover the costs of investigations, notification, and credit monitoring for affected individuals, regulatory compliance, defending lawsuits, and payment of any resulting judgments or settlements. The level of coverage your business needs is based on your individual operations and can vary depending on your range of exposure.

At Belltown Insurance Agency Inc., each one of our clients are given a dedicated team of experts that work together to proficiently address all your concerns.
We offer all types of Personal Insurance coverages to our clients in California including Auto InsuranceHomeowners InsuranceMotorcycle InsuranceBoat & Watercraft, and Flood Insurance.

Give one of our agents a call to save money on your Business Insurance. Some of our Commercial insurance coverages include Business Owners Policy (BOP)General LiabilityBondsCommercial Property, and Commercial Umbrella.

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