In today’s technologically advanced society, it’s more important than ever to protect your small business against a data breach. Although data breaches that affect large corporations are what dominate major news outlets, statistics show that the target among hackers has actually shifted toward small businesses. In fact, among the 761 data breaches the U.S. Secret Service responded to last year, 63% occurred at companies with 100 employees or fewer.
From damage to your reputation as well as your business’s bank account, these data breaches can be costly. According to The Hartford, it takes an average of 14 days for businesses that experience a cyber breach to resolve the attack, and costs them approximately $17,696 per day. In New Hampshire alone, more than $1.2 million was lost as a result of data breaches in 2010.
Unfortunately, data breaches have emerged as imminent threats to small businesses. To help reverse this trend, Eaton & Berube is proud to offer cyber liability insurance designed to protect your small business against a data breach. In addition to Nashua where our office is located, we are proud to serve businesses’ cyber liability insurance needs in Hudson, Hollis, Brookline, Litchfield, Amherst, Merrimack, Bedford, Milford, Manchester, Concord, Goffstown, Derry, Salem, Londonderry, Windham, Wilton, Mont Vernon, and all of New Hampshire.
To get a free NH cyber liability insurance quote, please call 800-660-5362 or submit our online quote request form.
The following video provided by The Hartford expands on cyber risk, the types of companies that are commonly exposed, what happens when a company faces a breach, and the importance of protecting your business with New Hampshire data breach coverage.
Cyber liability insurance is crucial in protecting your business against a data breach, but it can also be complex, with many different types of data breach coverage, as well as a few exclusions to look for. At Eaton & Berube, we will help you review your Commercial General Liability policy to determine whether any of these types of coverage are already included, and which ones will require a separate NH cyber liability insurance policy to ensure your business’s full protection.