Tag: commerical insurance

Businesses sometimes overlook the fact that cybersecurity is not perfect and not intrinsically included in a commercial insurance policy. Understanding if your commercial insurance includes cyberattack coverage is immensely crucial, especially for larger firms, as it forms a crucial part of protecting your employees and customers. For businesses in Elmira, NY, our specialist team at Stewart Agency Inc. can guide you on how to secure suitable cyberattack coverage.

Does Commercial Insurance Cover Cyber Attacks?

Unfortunately, cybersecurity insurance is separate from traditional commercial insurance. Cyberattacks are complicated events that can cause substantial damage to a firm. Hence, insurance companies treat cyberattacks as unique incidents requiring standalone coverage. While not covered by standard commercial insurance, businesses can bundle cyber insurance with their commercial policies.

Bundling allows companies to secure specific coverage reflecting their business needs, avoiding increased premiums for general commercial insurance. If you’re considering cyber insurance, knowing your options and understanding how to bundle effectively is essential.

What Does Cyber Insurance Cover?

Cyber insurance typically covers financial losses resulting from cyberattacks. However, the digital threat landscape is vast, so it’s crucial for businesses to verify that the policy offers comprehensive cyber protection.

Key assurance areas to look out for are:

• Data breach coverage
• Financial coverage
• Extortion
• Non-compliance coverage

Securing Your Business with Commercial Insurance in Elmira, NY

In today’s digital age, cyberattacks are frequent and potentially catastrophic. Having the right insurance can make a significant difference, protecting your business and reassuring your customers. If you are a business located in Elmira, NY, we encourage you to contact Stewart Agency Inc. Our specialists can guide you through your cyber insurance needs and provide a comprehensive understanding of what you can expect.