Cyber Liability Insurance
500 East Main St. Suite 200
Branford. CT 06405
(203) 481-2684
(800) 566-1886

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Cyber Liability Insurance

  • Have You Considered How to Protect Your Business Against Cyberthreats? 
  • Contact V.F. McNeil Insurance to Learn the Components to a Good Cybersecurity Strategy 

    203-481-2684  800-566-1886

    Cyber Crimes in Headlines


    Why are Cyber Crimes so frequently in the headlines? Simply because they are one of the fastest
    growing threats to businesses, their clients, and their employees.

    As cybercrimes increase in frequency, sophistication and variety it’s more important than ever for
    business owners to be educated and be aware of how to protect themselves, their business, their
    clients, and their employees.

What Type of Business Is at Risk?

 

If your business handles or stores any form of personally identifiable information for your clients or
employees, you are at risk. Cybercrimes are NOT limited to larger companies. In fact, smaller to mid
sized businesses (SMB) are being targeted more frequently because they are often more vulnerable and easier
to penetrate.  SMB's are often the least prepared to handle a cyber-related incident, as many have either very limited cyber insurance or none at all.  Learn some of the differences between a cyber liability endorsement and a stand-alone cyber liability policy.  Read Here. 

Merchants, Realtors, Attorneys, and many other professional institutions that transact money are
particularly vulnerable. It’s no longer a matter of if it will happen but when. The financial impacts can
be significant, the fall out can be far-reaching, and the cost could be significant.


How Can Connecticut Business Owners Safeguard Themselves?


Business owners should give serious consideration to a mitigation, protection, and remediation plan if
they haven’t already done so. Seek the guidance of a trustworthy, knowledgeable IT specialist and
insurance professional. Your business needs to develop a plan that involves a security risk assessment, a
mitigation plan including employee training, written security policies, and scheduled network
vulnerability scans.

Cyber liability insurance should be one of the most important components to your cybersecurity
strategy. Even the best security measures can’t guarantee you won’t have a data breach. Specialized
insurance coverage is a very smart investment for business owners. Cyber liability insurance should be a
critical part of your business recovery plan. Business owners should consult with an insurance
professional about the following things:

  •  The different options available for protection against cybercrimes/data breaches.
  •  How cyber liability insurance can help.
  •  Cyber liability insurance policy vs. policy enhancements.
  •  What safeguards to take to prevent a breach.
  •  What to do if a breach occurs (breach response support and activities)

What’s the First Step?

If you haven’t acted to protect your business against cyberthreats, the first thing you should do
as a business owner is move this task to the top of your to do list. 

Next, you can print our FREE Cyber Exposures Questionnaire to help you get started with measuring the exposures to your business.  

After you complete the questionnaire, contact one of our experienced, knowledgeable insurance professionals at 203.481.2684 | 800.566.1886 to share your results.  We're happy to answer your questions about cyber liability insurance.