Public Adjusters for Cyber Damage
According to the Verizon Data Breach Investigations Report, 33% percent of documented data breaches occur in businesses with less than 100 employees. Nearly 60% of small businesses close their doors within six months following a cyber attack.
What if an employee loses their phone and it contains confidential company data? Or a member of your team sends an email with private customer information that gets intercepted by hackers? Have you heard of a DoS attack? Think of it as cyber extortion. A hacker accesses your network and holds your online service hostage unless you agree to pay a ransom. These are just a few scenarios.
Check with your insurance company for the best cyber insurance option available for the maximum amount of protection. If your network security is breached and sensitive data is leaked, the time and cost of trying to minimize the damage, keep your customers, and handle lawsuits and legal fees can be overwhelming. Our public adjusters can lift the burden of managing your claim. We evaluate, document, and substantiate every detail of your loss and negotiate your claim for the maximum amount to help get your business back on its feet.
What To Focus On After Cyber Damage
Do I have cyber security coverage? Our public adjusters can analyze your policies to determine if there is coverage under your Property Policy, Crime/Kidnap & Ransom Policy, and/or Cyber Policy.
Does your policy have any requirements of the insured following a loss? Do you the insured need to obtain consent prior to paying a ransomware demand or hiring a consultant after a data breach?
How do your public adjusters capture, measure, and support all facets of the loss? Potential components of the claim may include business interruption and extra expense, including breach notifications, digital forensic experts, remediation expenses, physical damage, crisis communications, legal fees, and fines.
What is my agent/broker’s role?