In the ever-growing world of online usage, it is essential to consider the importance of cyber insurance and how its coverage could benefit you. We at Trava help you answer this simple question: Is cyber insurance worth it? Put simply, cyber insurance services have more benefits than drawbacks.
The main draw to cyber insurance is its constant protection from potential cyber threats. A simple cyber insurance coverage checklist can benefit you in selecting the best insurance for your business and its needs. Firstly, it should be affordable for not only you but your customers. If you are offering a service to your customers that needs the add-ons of cyber insurance, your fees should not be astronomical. Get a cyber insurance quote that will demonstrate the cost for all of the services that need to be covered.
What to Look For
It should be either easy to renew or automatically renewable. Your insurance should also cover many aspects of cyber security, not just one or two. It should be able to protect you from potential phishing attempts, ransomware, malware, and more. If your cyber security insurance does not cover a particular threat and it happens to occur to you, then you cannot offer assurance to your customers that their data is safe.
You should also be able to easily connect with a cyber insurance broker about your policy at any time you have questions or concerns regarding your protection. They should offer customer service that is accessible to you 24/7 when you have concerns or questions. They should also be knowledgeable of all of the things your policy covers and be able to answer any questions about making changes to your policy.
Cyber Insurance for Small Businesses
Cyber security for small businesses is extremely important because hackers tend to see them as easier targets to attack. Trava helps you with ensuring you feel secure no matter the size of your business. This is extremely important because if you are just starting out, there is much you may not be aware of in terms of cyber security and the potential dangers that come from it.
Trava has specific knowledge of helping you figure out your needs for cyber insurance coverage when you are just starting out. Specifically, we ensure the protection for stolen funds, lost business income, breach response, ransom payment, and even computer replacement. Specific coverage plans come at a base level that can cover security breach expansion, extortion threats, and the replacement or restoration of electronic devices. Endorsement coverage is also available to protect you from potential social engineering attacks, telecommunications threats, and more.
Trava can assist you in finding the best coverage for your business and its needs. We understand that it can be difficult to manage all the security implications on your own, so we make sure to make it as simple as possible to get coverage. If you have any questions or would like to learn more about cyber security insurance and how we can assist you, please look at our website and find out more!