Cyber Insurance in Austin & Central Texas

Cybercrimes are becoming a common crime and can result in significant fines and legal fees. Both small and large businesses and organizations have experienced hackings, data breaches, and viruses. About 55% of small businesses have experienced at least one data breach, with 52% experiencing multiple breaches.

At Evans, Ewan & Brady Insurance Agency, Inc., we have agents who are committed to protecting your business with cyber insurance.

Protect your business with cyber insurance in Austin, TX by contacting Evans, Ewan & Brady by either calling 512-869-1511 or contacting us online.

What is Cyber Insurance?

Cyber insurance covers your business’s liability for a data breach. A breach can involve sensitive customer information, including Social Security numbers, credit card information, banking account numbers, driver’s license numbers, and health records.

Does My General Liability Policy Cover Cyber Liability?

General liability insurance generally covers:

  • Bodily injury
  • Property damage
  • Products-completed operations
  • Products liability
  • Contractual liability

Therefore, cyber insurance is often excluded from general liability policy. Paring general liability and cyber liability will ensure the financial well-being and future health of your business.

What Does Cyber Insurance Cover?

There are two different types of coverage:

  • First-party coverage: Covers damages from a data breach for you and your company. This can include things like investigative services, business interruption coverage, and data recovery.
  • Third-party coverage: Covers damages that have affected your customers or partners. This can include legal fees, settlement costs, security failure, and media liabilities.

It is critical to notify customers of a data breach, especially if personal information is involved.

Who Needs Cyber Insurance?

Any business that stores or processes sensitive information needs cyber insurance to protect employees, customers, and the business itself. If your business keeps records of sensitive information such as names, addresses, Social Security numbers, medical records, and more, you need cyber insurance.

Businesses that should consider a cyber policy include:

  • Retailers
  • Restaurants
  • Hair salons/barbers
  • Marketing companies
  • Contractors
  • Realtors
  • Consultants
  • Financial firms

Connect with Evans, Ewan & Brady For Cyber Insurance

Evans, Ewan & Brady is an independent agency with the customers in mind. We are trusted by dozens of insurance companies, allowing you to get the right service at the right price. As an independent Georgetown insurance agent, we can offer the right coverage with the personal touch you would expect from your neighborhood insurance agent. Cyber insurance is an excellent way to protect your business, working in tandem with general liability insurance.

Contact us for more information about cyber insurance by either calling 512-869-1511 or contacting us online.