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

Cyber Security
Insurance
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Cyber Security Insurance Quotes

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Save up to 37% with Fearnow Insurance

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

Always a pleasure to deal with these folks. Knowledgeable, caring and friendly. Christy patiently worked with me through a project to satisfy our home owners insurance carrier.
Richard Albritton
13:50 28 Aug 24
I am the Office Manager for a small corporation. Fearnow is our insurance agent. They are wonderful! Specifically, I work with Jean and Sheri, and they always respond when I need them and answer all my questions thoroughly! I always feel like a valued client! Thank you Fearnow!
tracey c
18:10 27 Aug 24
We received excellent service from Jennifer in obtaining a policy for our classic car. She was professional, knowledgeable about the product and quick to return calls and emails. Thanks Jennifer for your great service!
Dot Beveridge
19:27 23 Aug 24
Christy Land was my insurance representative today I strongly commend her !!!!with a very pleasant and extremely professionalThank you very much for guiding meWith all my insurance needsSincerelyGeorgina Gutierrrez
Georgina Gutierrez
01:01 23 Aug 24
I have been working with Fearnow Insurance agency for more than 20 years for my rental property in FL. But, moved to State Farm agent last year for premium savings. Now, coming back to Fearnow and working again with Tracy Smith. Tracy has always been very helpful in providing quick response with quotes and other info requests. Just finalized the new policy. Thank you, Tracy!
Trushar Patel
17:56 20 Aug 24
Joe at Fearnow was fantastic in finding an auto insurance policy for us. He was super friendly, quick with gathering information, and offered additional services and discounts along the way. He found us a great policy and made the process very easy!
Nate Smith
15:03 02 Aug 24
Excellent service from Fearnow, and Mr. Battiste was able to get me a better price for my homeowners insurance. I now have a more affordable Mtg payment. I am happy.
Johnnie Mae Collins
16:12 12 Jul 24
Joe has been great throughout the entire process of obtaining a new flood insurance policy. Would highly recommend him to anyone looking for a new policy.
Greg Schrager
17:09 09 Jul 24
Joe was great to work with. He was able to save me $1,400 a year on my vehicle insurance!
Scott Sitton
23:11 25 Jun 24
Our situation was confusing after a death in the family. Fearnow was very patient and understanding while working with us. Other agencies wouldn't even talk with us. Fearnow was great.
Kim Stone
15:51 24 Jun 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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Offices serving the local Tampa, FL and Wilson, NC areas for almost 30 years!

Competitive pricing nationally with world-class customer service!

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.