Cyber Worries

More than 800 risk experts from around the world see cyber incidents as one of the top three business risks this year!  This is the first time cyber incidents – cybercrime, data breaches and IT failures – have made the top three list on experts’ radar, following a gain of 11 percent points according to the fifth annual Allianz Risk Barometer.

Loss of reputation is the main cause for economic loss after a cyber incident.  Remaining causes include business interruption and liability claims at 60% and 52% respectively.

Why aren’t more business prepared?  Many business owners don’t understand the exposures they face and that there is now insurance coverage available.  Ask us today now to protect your business!

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