These are challenging times that can leave your business vulnerable to cyber attacks. Being unprepared can be costly to your bottom line as well as your reputation. According to last year’s Nationwide survey of business owners, 30 percent of small businesses with 11 to 50 employees do not provide any type of formal training on cybersecurity. This type of exposure can be prevented.
How you can prepare for a cybersecurity attack
We insure small businesses such as yours and are fully aware of the damage a data breach can do. That’s why we offer cyber liability coverages and services.
DATA COMPROMISE PROTECTION
It covers employee and customer information in the event of hacking, physical theft of electronic data or hard copy files, procedural errors or fraud. Data compromise protection
Forensic information technology services to help determine the nature and extent of an electronic breach
Personal services for those affected, including a helpline, credit monitoring and case managers for victims of identity fraud
Services provided by a professional public relations firm to review and respond to the potential impact of the data compromise
Legal defense costs
IDENTITY RECOVERY PROTECTION
This protection helps identity fraud victims restore their credit history and identity records to pretheft status.
Coverage and services extend to owners, their employees and resident family members. Identity recovery protection includes:
An identity theft helpline staffed by counselors and specialized case managers
Services to correct victims’ records to pretheft status, such as writing letters to credit bureaus and other institutions, as well as preparing communications to send to government agencies
Expense reimbursement for lost wages, various legal fees and more
It gives your business protection against damage to electronic data and computer systems from a virus or other computer attack. It also protects your business’s liability to third parties that may have suffered damage due to security weaknesses in your business’s computer system. Cyber protection helps pay for:
Restoring and recreating data
Restoring a computer system to its preattack level
Lost business and extra expenses
Public relations services to communicate with outside parties concerning a computer attack and the insured’s response
These are examples of some of the coverages that your business may need. Give us a call to review the needs of your business and let us help walk you through the right options for your business. Give us a call at (317) 886-0081. The Scott Lynch Agency is a Veteran Owned Agency serving Indiana and Ohio businesses.
This summary is intended for reference only and does not include policy conditions, exclusions and limitations; refer to policies for details of coverages. If there is any conflict
between the policy and this summary, the provisions of the policy are controlling. Products are underwritten by Nationwide Mutual Insurance Company and affiliated
companies, Columbus, Ohio. Nationwide, the Nationwide N and Eagle and Nationwide is on your side are service marks of Nationwide Mutual Insurance Company. © 2020 Nationwide
CMO-1260AO 13541902 (12/20)