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Description
Cyber liability insurance serves as a safeguard for small businesses against the substantial financial repercussions stemming from data breaches and cyberattacks. It encompasses various costs, including notifying customers, providing credit monitoring services, covering legal expenses, and paying fines. With the rise in frequency and cost of cyber threats, small businesses, often equipped with inadequate cybersecurity measures, find themselves at heightened risk. A cyberattack can have dire consequences, potentially leading to a business's closure; startlingly, 60% of small businesses do not survive beyond six months following such an incident. By securing cyber insurance, businesses can mitigate the financial fallout from these attacks, ensuring coverage for legal fees, credit monitoring, and other significant expenses. Furthermore, in instances where hackers demand ransom for stolen sensitive information, cyber liability insurance can assist in meeting those demands, facilitating a more robust recovery process for the affected business. Thus, this type of insurance is not merely a precaution but a vital component of a small business's risk management strategy.
Description
Regardless of whether you operate a local shop or a tech firm with a workforce of 100, The Hanover provides a cyber solution tailored to your requirements. Our comprehensive cyber solution caters specifically to small and mid-sized enterprises, boasting limits of up to $10 million, made possible by our robust financial foundation, a network of preferred service providers, and customized coverage options. This coverage can be added to a business owner's policy or a commercial package policy, forming part of a complete insurance solution for your account. Additionally, it is available as a standalone option or as part of a convenient suite that includes various management liability coverages. Given the intricate cyber risks that technology companies encounter, such as errors and omissions, our Hanover Technology Advantage incorporates this essential coverage, ensuring that your business is well-protected. This holistic approach underscores our commitment to safeguarding businesses against the evolving landscape of cyber threats.
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Has API
API Access
Has API
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Pricing Details
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Free Trial
Free Version
Pricing Details
No price information available.
Free Trial
Free Version
Deployment
Web-Based
On-Premises
iPhone App
iPad App
Android App
Windows
Mac
Linux
Chromebook
Deployment
Web-Based
On-Premises
iPhone App
iPad App
Android App
Windows
Mac
Linux
Chromebook
Customer Support
Business Hours
Live Rep (24/7)
Online Support
Customer Support
Business Hours
Live Rep (24/7)
Online Support
Types of Training
Training Docs
Webinars
Live Training (Online)
In Person
Types of Training
Training Docs
Webinars
Live Training (Online)
In Person
Vendor Details
Company Name
Insureon
Founded
2011
Country
United States
Website
www.insureon.com/small-business-insurance/cyber-liability
Vendor Details
Company Name
The Hanover Insurance Group
Founded
1852
Country
United States
Website
www.hanover.com/businesses/products/cyber