I’m curious… a few years ago, I added cyber insurance for our small business. (Good lord, so many different insurance policies I literally couldn’t tell you how many! And I hate insurance).
It’s not (at all) an online business aside from a basic website with some embedded google forms for appointment requests/etc. It’s just a brick and mortar professional office. We do store all our mission-critical records on computers, have online backup of our data, use email, etc. We’ve even got an IT guy who guides us, monitors our network, etc.
Anyway, despite being low risk, the impact of a phishing or worse, ransomware, attack could be very substantial, so adding insurance where we’d be made whole even if a staff member clicked the wrong link or if a bad actor got in with ransomware is a real comfort. Having pros fly in and handle the clean up directly was also a huge plus.
It’s not crazy expensive, but still a significant additional cost. (Approximately 0.1% of our annual revenue, fwiw. So think $1k on a $1M revenue.)
Does this sort of insurance exist for regular mortals/individuals? Anyone have experience with it or thoughts about it?
TIA
It’s not (at all) an online business aside from a basic website with some embedded google forms for appointment requests/etc. It’s just a brick and mortar professional office. We do store all our mission-critical records on computers, have online backup of our data, use email, etc. We’ve even got an IT guy who guides us, monitors our network, etc.
Anyway, despite being low risk, the impact of a phishing or worse, ransomware, attack could be very substantial, so adding insurance where we’d be made whole even if a staff member clicked the wrong link or if a bad actor got in with ransomware is a real comfort. Having pros fly in and handle the clean up directly was also a huge plus.
It’s not crazy expensive, but still a significant additional cost. (Approximately 0.1% of our annual revenue, fwiw. So think $1k on a $1M revenue.)
Does this sort of insurance exist for regular mortals/individuals? Anyone have experience with it or thoughts about it?
TIA
Statistics: Posted by ZWorkLess — Sat Aug 03, 2024 10:01 pm — Replies 0 — Views 118