Commercial P&C

Cyber Liability Insurance

Ransomware. Data breaches. Fraudulent wire transfers. These aren't hypothetical threats. They happen to small businesses every day. The question isn't whether cyber risk is real. The question is whether you're protected when it happens to you.

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General Liability BOP Commercial Property Commercial Auto Workers' Comp Cyber Professional Liability

The Risk Is Real and It's Growing

Small businesses are the primary target. Most aren't covered.

Cybercriminals actively target small and mid-size businesses precisely because they have fewer security resources than large enterprises. A ransomware attack, data breach, or fraudulent wire transfer can cost tens of thousands of dollars in recovery costs, lost revenue, and legal exposure. Enough to seriously damage or close a growing business.

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Your BOP does not cover cyber losses in most cases.

A standard Business Owners Policy excludes most cyber-related losses. Some carriers offer a cyber endorsement, but coverage is typically limited in scope and dollar amount. For any business with digital operations, customer data, or online payment processing, a standalone cyber policy provides the protection your BOP cannot.

What a cyber incident actually costs

The financial fallout from a cyber event goes well beyond the initial attack. Real costs include:

Ransom PaymentsAttackers demand payment, sometimes tens of thousands of dollars, to restore access to your own systems and data

IT Forensics and Data RecoveryDetermining what happened, what was compromised, and restoring systems can take days or weeks and requires specialized expertise

Business InterruptionEvery day your systems are down, your revenue stops. Business interruption coverage replaces lost income during the downtime period

Breach Notification and Credit MonitoringYou may be legally required to notify affected customers and provide credit monitoring services. A cost that adds up quickly at scale

Legal Defense and Regulatory CostsCustomers and regulators may pursue legal action if their data was compromised due to your security practices

Reputation ManagementA breach can damage customer trust. Crisis communications and PR support are often critical in the immediate aftermath

Business Email Compromise: the threat most owners don't see coming

One of the fastest-growing cyber threats for small businesses doesn't involve hacking your network at all. Business Email Compromise (BEC) is when an attacker impersonates a trusted vendor, executive, or client via email to redirect a payment or wire transfer to a fraudulent account.

A single fraudulent wire transfer can easily exceed $50,000, and these losses are not covered by standard commercial property or general liability policies. We review BEC exposure specifically when structuring cyber programs and ensure your policy includes fraud coverage endorsements.

If you have any of these, you have cyber risk

Customer data on file
Names, emails, payment info

Online payment processing
Credit cards, ACH, invoicing

Email used for business transactions
Vendors, clients, wires

Cloud systems or SaaS tools
QuickBooks, Salesforce, Microsoft 365

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Cyber coverage costs less than most business owners expect.

A standalone cyber policy for a small or mid-size business with no prior claims history typically costs a fraction of what a single incident would cost out of pocket. Getting a quote takes 15 minutes. If you don't have a cyber policy right now, that's worth correcting today.

Don't wait for an incident to find out you weren't covered

A cyber policy isn't just protection from hackers. It's the financial backstop when your systems go down, your data is compromised, or a wire transfer goes wrong. Talk to us today.

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Coverage descriptions on this page are general in nature and for educational purposes only. Actual policy language governs all claims. Data security and breach notification requirements vary by state and are subject to change. All coverages are subject to policy terms and conditions. Consult a licensed insurance professional for guidance specific to your business.