Computers and the Internet opened up a whole new world of opportunities for small businesses. No longer are companies limited to doing business in their own backyard. On the other hand, the reliance on computer technology makes a company more vulnerable to cyber-attacks. When it comes to these threats, size doesn’t matter. Contrary to popular belief, this is not just a problem for Fortune 500 companies. Increasingly, small businesses are victims of data breaches as well.
The High Cost of High-Tech Attacks
Cyber issues, such as network security failures and identify theft and, can result in service interruption, revenue loss, customer distrust and even lawsuits. A few of the costs associated with these breaches include:
- Public relations expenses
- Forensic investigations
- Regulatory fines and penalties
- Legal defense fees
Protect Your Business
There are insurance companies in Connecticut that offer comprehensive insurance policies that will protect and limit your exposure to computer threats. Here’s a list of the most common coverage types:
- Income loss
- Virus-related data loss or corruption
- Unauthorized computer or network access
- Security attacks on the firewall and networks
An attack to your computer network can happen any time. Insurance companies in Connecticut offering cyber policies will help you reduce this risk. The sooner you safeguard your business with the proper coverage, the better.