Cyber Security Insurance2024-06-07T11:20:55-04:00

Cyber Security

Cyber Security Insurance Quotes

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Are you looking for cybersecurity insurance for your Florida business? Cyber security insurance can help financially protect your business in the event of malware, ransomware, and hacker attacks that can compromise your data security and leave your business, customers, and employees vulnerable to identity theft. According to an article in Forbes, the average cost of a data breach is 4.45 million dollars, and the primary way criminals are infiltrating businesses is through email. In fact, in 2022, compromised email accounts cost businesses a combined 2.7 billion dollars. The good news is that getting a robust cyber security insurance policy can help offset these costs if your network were to be infiltrated.

Which Businesses in Florida Need Cyber Security Insurance?

If your Florida business has any type of technology that’s connected to the Internet, you should have a cyber security insurance policy. In today’s world, payments are made over the Internet. Data is stored on hard drives. Customers place orders through websites, and even in-store cash registers have Internet connections that link to inventory systems. Not to mention, any time a customer swipes their card at your checkout, that payment is being routed through the Internet. While all of these Internet connections help run your business more efficiently, they can also expose your business to cyber threats.

What Our Customers Say

It was a pleasure to have Joe help us with our new insurance. He is there for you through every step!
Robert Kahn
19:58 06 Jun 24
Joe Boyle is always helpful! I appreciate that he gets the best quotes and with speedy and kind service
19:24 06 Jun 24
Joe Boyle was able to save me $620 on my home insurance without drastically cutting any coverages! Super fantastic, he really knows his stuff 😄
Sara Chieffalo
21:24 05 Jun 24
I called Joe Boyle at Fearnow insurance as I have existing home insurance with Fearnow today with my home in Tampa which Joe took care for me. I explained to Joe I needed new insurance for my second home 400 miles away and asked if he can help me .In just a couple of days Joe called me with a quote and assisted me thru the complete process and saved me over a $1000.I cannot think Joe enough for all he did for me and my family and resolving this issue.Thank you again Joe Boyle
Rita Lewis
12:25 22 May 24
Mr Lamarr Batittiste helped us again with easy payment to renew our policy. His knowledge of insurance and payment procedures is just what we needed!! We recommend him and already consider him a friend!
melody hendricks
14:35 15 May 24
Fearnow Insurance is far and away one of the best companies I've ever worked with in any capacity. They care. They're also smart and efficient. I trust them with everything I own - cars, home, and especially business. Fearnow Insurance should always be your first call. I give them my highest recommendation.
Todd Wiseman
19:42 14 May 24
They take care of me everytimeThey wrap the flowers very beautifully the prices are reasonable. I live in Fl and my girlfriend is in New York and they are very consistent with delivery and communication.
Juan Villagrana
16:40 03 May 24
Fearnow Insurance exceeded my expectations. Joe was great to work with. Very knowledgeable. After dealing with some issues to get some needed documents, Joe jumped right in and was able to clear things up in a matter of a few minutes.
Mary Brown
09:05 26 Apr 24
Joe is always friendly, prompt, and gets me the best rates. He has helped me for home and auto!
Kelly Roy
22:14 15 Apr 24
My Agent, Joe was great. He tried to help me get the best price that he could. He cares about his clients. He even did a follow up to make sure I didn't have any problems and he will answer any questions you may have
14:51 31 Mar 24

The Fearnow Agency Advantage

  • We work for you, not the insurance carriers, to ensure your claims are processed efficiently and are paid out quickly.
  • Unlike a single-company agency, we have access to over 100 carriers, so we’re never limited in the services we can provide you.
  • We can save you up to 37% in insurance cost, or get better coverage for the same cost.
  • We always provide full disclosure of plan inclusions and exclusions.
  • We offer customized plans tailored specifically to your needs, instead of forcing you into a pre-packaged solution that won’t really work for you.
  • Our agents are continuously training, so they stay the leading experts in their field.

Cyber Liability Insurance Coverage in Florida

Cyber security incidents are only increasing in frequency, which means it’s not a matter of if your business will be attacked but when the breach will occur. Therefore, it’s best to be protected before the incident happens. Let’s take a look at what cyber liability insurance covers.

Cyber Liability Insurance

Cyber liability insurance helps cover your business if your customer’s sensitive information is breached during a cyber security incident.

Digital Forensic Investigations

Cyber security insurance helps pay for investigations into your discovered data breach. These services include uncovering the scope of the attack, the files that were compromised, and who performed the attack.

Legal Fees

If your customers sue you for the data breach that compromised their information, your cyber security insurance helps cover any legal fees and judgments.

Legal Compliance Help

The laws and regulations surrounding cyber security are always changing. If your business is found to be non-compliant after a security breach, a cyber security policy can help pay any fines and regulatory fees that are imposed by the regulatory agencies.

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Cyber Extortion

If your company is hit by a ransomware attack or if the hackers are holding your data hostage, this policy helps mitigate the costs of cyber extortion.

Notifying Customers

Once a security incident has been uncovered, the affected customers must be notified of the breach. Your cyber security insurance helps by putting out statements and notifying the affected accounts.

Recovering Data and Repairing Systems

Your insurance policy also helps pay for the costs of recovering any lost data and restoring damaged systems to their pre-attack conditions.

Identity Theft Protection

Cyber security insurance also helps pay for credit monitoring and identity theft. If any of the affected customers, employees or vendors’ data is used to commit identity theft, this insurance policy helps restore the affected individuals’ identities.

Loss of Business Income

After a security breach, your business operations may be impacted. The interruption may be due to having to take some of your systems off-line or because your business has to shut down temporarily due to the breach. Cyber security insurance can help reimburse you for any income you lose that’s related to the breach.

Lost Employee Wages

Cyber security insurance can help reimburse employees whose wages are impacted by the breach if your business has to close temporarily.

Public Relations

A single cyber attack can negatively affect your business’ image. This could cause current and future customers to lose trust in your services and products. Cyber security insurance can help mitigate some of the damage by carefully crafting all public responses and communicating with various third parties.

Pre-Breach Services

Some insurance policies also include pre-breach services. After all, the best way to mitigate cyber security threats is to take steps to prevent them. Some pre-breach services might include cyber-risk assessments, consultations with security experts, and cyber security training and best practices.

Cyber Security Insurance with Fearnow Serving Florida

If you need cyber security insurance, we can help you find the right policy in the right coverage amounts.