Cyber Liability Insurance for Small Businesses

By: Ben Cavallo, CIC, AAI, CISR

Together with partner Keith Signoriello, Ben Cavallo is the principal and co-owner of C&S Insurance, headquartered in Mansfield, Massachusetts.

HEADS UP FOR BUSINESS OWNERS DURING THE COVID-19 PANDEMIC

Key Considerations with Many Employees Working from Home

Check with your business insurance agent and/or cyber liability insurance company to see if/how employees would be covered when working from home (especially with some using personal devices). There may be a gap in your coverage during this alternative working arrangement.
Remind all employees of best practices in cyber security, including: maintaining a strong WiFi password at home, being wary of suspicious links or email attachments, avoiding use of public WiFi, using different passwords for different accounts and re-seting them at regular intervals.
You may also want to designate specific approved platforms for teleconferencing and information exchange (i.e. Zoom, Google Hangouts, Google Drive, etc.)

Here’s more on cyber liability insurance and why it’s so essential for small businesses. Meanwhile, stay safe and be well.

Massachusetts business owners can’t afford to ignore the facts: cybercrime is on the rise. Every year hundreds of Bay State companies are the victims of cybercrime—including phishing scams, malware attacks, and ransom ware attacks. And although breaches at major banks and retailers receive the lion’s share of the news coverage, small businesses are by no means immune to cyber threats. Do you have cyber liability insurance for your business? Watch the find out why you need it…