Protect Your Business with Cyber Insurance

Secure affordable, comprehensive cyber coverage in minutes. Our Cyber Insurance Marketplace connects you with top insurers, providing multiple quotes tailored to your needs.

Get Protected

What to Expect

Complete a brief questionnaire (2-4 minutes)
Our system connects with leading underwriters
Receive multiple quotes via email
Review offers in your personalized dashboard
Our experts available to assist

Are you a technology company?

Tech firms often require a combined Technology E&O/Cyber Insurance policy. For Tech E&O/Cyber quotes:

Start Tech E&O/Cyber Application

Streamlined Process for Most Businesses

Our marketplace is optimized for small and medium-sized businesses seeking quick, efficient coverage. However, if any of the following apply to your company, please use our application for a more manual process:

• No active website
• Annual revenue exceeds $30 million
• Previous cyber claims or incidents
• Primary business is payment processing
• Involved in gambling, adult content, or cryptocurrency
• Debt collection or franchise operations

Who needs cyber insurance?

Just about every business is exposed to potentially devastating cyber threats. This is especially true for any organization that stores confidential information, processes digital payments, connects with trading partners online, or uses computers and devices.

Storing confidential information, whether locally or in the cloud, may include social security, credit card, EIN, and bank account numbers, personal contact information, login credentials, and medical or financial data.
Digital payment processing can include credit cards, collections, payroll, subscription billing, scan-and-pay QR codes, in-app payments, SMS payments, mobile wallets, online banking and more.
Internet connectivity is essential to many businesses, such as payroll systems, online learning platforms, and even email communications—all of which can be used by hackers to breach a business.
Computers and devices are used by a wide range of businesses, and may utilize technology for critical operational processes, to communicate internally or externally, or to transact business.

Cyber breaches can compromise customer trust and halt operations, and the financial fallout and reputational damage are often monumental. The good news? Every business-owner has the power to proactively defend their company with comprehensive insurance coverage.

What is cyber insurance?

Cyber insurance protects organizations from exposures related to technology use and data. First, it helps when your business faces problems like data breaches or cyber attacks, covering your own losses (first-party). Second, if someone blames your business for the cyber issue and demands payment, it also helps with those claims (third-party or coverage).

Cyber insurance policies vary widely, and many come packaged with valuable risk management and incident response services. Covered costs may include security and legal incident response, systems restoration, business interruption, customer notification, and even ransom payments.

Coverage options include:

Forensic investigation
Data restoration
Business interruption
Cyber extortion
Fraudulent induced fund transfer
Liability to others for cyber incidents
Reimbursement for legal costs, including civil damages
Breach notification costs and legal expenses
Ongoing credit monitoring for breach victims
Crisis management and/or reputational damage

Connect with our team of cyber insurance experts

Drop us a line today for more information and a free quote!

Reach Out Here

How eSpecialty stands out

Competitive Options

Our extensive market reach provides competitively priced options and comprehensive, tailored solutions.

Customer Support & Service

Our knowledgeable, responsive team provides guidance and support throughout the policy lifecycle.

Risk Management Services

Cybersecurity assessments and incident response planning help clients prevent and mitigate risks.

Smart Tools

Our technology streamlines the process, but does not eliminate the human component—talk to a real person if you need to!

Communication & Education

We keep you informed about emerging cyber threats and provide regular updates on policy terms.

Independent

We work for you—not for the insurance companies. Experience the difference when you partner with eSpecialty.

Common Cyber Exposures

Ransomware

Ransomware attacks start with malicious software encrypting critical information, causing systems to become inoperable and resulting in significant business disruption. A ransom payment is often demanded to unlock the data.

Cyber insurance will cover the ransom payment, but the most significant covered costs are typically those associated with business interruption.

Data Breach

Data Breaches include the inadvertent disclosure or theft of confidential information, and can be caused by employee error or malicious criminal activity. Certain breaches of confidential information can trigger a report to governmental agencies and a regulated response.

Cyber insurance policies are designed to cover direct costs associated with a breach, such as the expenses associated with forensic experts, legal advice, victim notification, and credit monitoring. Most policies also include protection from liability related to a data breach.

Deceptive Funds Theft

Deceptive Funds Theft continues to increase, as online payments and banking are used more frequently. If a criminal can get in, the money can get out.

Criminals will use various tactics to gain access to a system, typically using deceit to obtain user email credentials (phishing). Organizations that make repeated transfers of money or that send electronic payments or invoices are top targets.

Special Situations

Tech E&O

Technology Professionals Errors & Omissions (Tech E&O) is not the same as Cyber Insurance. However, Tech E&O policies may incorporate comprehensive cyber risk coverage because of the difficulty in distinguishing between a professional negligence claim and a cyber claim for a technology firm.

Technology firms, both developers and users of technology, should consider Tech E&O to protect their organization.

Cyber Events

If you experience a cyber event, incident response services are dedicated insurance company teams available 24/7 to assist an insured in real-time. Services vary depending on the type of cyber incident and the insurer.

In the best case, an incident response team can resolve the situation right over the phone with a remote connection. However, a sophisticated attack will take time and require significant work on the part of experts to resolve. You should consider whether your insurer offers 24/7 incident response in addition to cyber insurance as part of your proposal evaluation.

Questions about your special situation?

Drop us a line today for more information and a free quote!

Reach Out Here

Cyber insurance security checklist

Risk management is a big part of minimizing potential exposures, and many steps can be taken to reduce cyber exposures. Some steps are obvious, and some require outside cyber security experts. The challenge is balancing the cost and time commitment of implementing risk management initiatives with the potential reduction in losses.

Train

Conduct cyber awareness and best practices trainings for all employees. Effective training is critical because 80-90% of all cyber incidents result from some level of human vulnerability.

Change Passwords

Institute regular password changes and implement multi-factor authentication where appropriate.

Update Systems

Update all systems and virus protection software frequently and install all software patches immediately.

Secure Payments

Establish payment procedures, including parallel confirmation processes, to eliminate fund transfer exposures.

Safeguard Confidential Information

Periodically review how confidential information is stored, accessed, and protected, and remove obsolete data and permissions.

Prepare Response

Develop an incident response plan that includes PR capabilities and regulatory compliance.

Assess Risks

Hire an expert to conduct a cyber security assessment, identifying and rectifying exposures for your specific organization.

Enlist 24/7 Support

Work with an expert to purchase comprehensive Cyber Insurance and ensure your cyber insurance provider offers professional 24/7 incident response services, rather than just claim reporting.

Note: Insurance policies are not all the same. Some policies are more comprehensive than others, and some policies provide broader coverage in specific areas. In addition, each insured may have different exposures and coverage needs. We encourage you to read your policy and consult with an insurance expert such as eSpecialty Insurance.