In today’s digital world, cyber threats are no longer a distant possibility. Whether your clients rely on smartphones, tablets or computers, any connected device can be an entry point. As an independent insurance agent, you have a unique opportunity to help your clients safeguard their businesses by recommending cyber coverage. It is cost-effective, comprehensive and critical for modern business protection. 

A cyber attack happens every 20 seconds.

The odds of becoming a victim of a cybercrime are greater than experiencing a loss due to flood or fire. It happens more than you realize, as 47% of businesses surveyed experienced a data breach in 2024.¹

Nearly all businesses are at risk.  

If a business depends on a computer, tablet, smart phone or the internet to conduct business, they’re exposed to cyber risks. Any digital device can be an entry point.

Cyber risks are constantly changing. 

As technology evolves, so do the risks that may threaten a business. Cybercriminals also understand organizations with limited IT resources may be vulnerable as they can be challenged to maintain security systems. Having insurance to protect against new risks is critical.

A data breach or cyber attack can be devastating. 

Cost of cybercrimes against the small business community reached $2.9 billion in 2023.² If a business doesn’t have insurance to cover this type of risk, the associated costs could threaten its livelihood.

Coverage costs less than many other types of insurance. 

Compared to the cost of other types of business insurance, cyber coverage costs less for the level of protection it provides.

Cyber insurance covers a broad range of costs associated with cyber risk. 

Our cyber insurance includes coverage for computer attacks, data breaches, cyber extortion, liability, misdirected payment as well as telecommunications fraud and identity theft.

Let’s work together to ensure your clients are fully protected. By recommending cyber insurance you’re not just selling a coverage—you’re helping provide the digital defense your clients need. To learn more, contact your territory manager.

Info courtesy of the Hartford Steam Boiler Inspection and Insurance Company. ¹ Munich Re Global Cyber Risk and Insurance Survey 2024. ²FBI Internet Crime Report.