Cyber Insurance

Your safety net in the cyber world

It’s about having a back-up plan when things go awry. Enter Cyber Insurance, your safety net in the cyber world.

As a Managed Security Services Provider (MSSP) we are your partner in navigating the cyber insurance market. We help you understand your exposure, evaluate the best insurance options, and implement effective security controls, ensuring you get the right cyber insurance coverage.

Our Cyber Insurance services include:

  • Cyber Risk Assessment: We analyze your current digital infrastructure and identify vulnerabilities that could affect your insurance premiums.

  • Insurance Guidance: We help you understand the intricate details of cyber insurance policies, helping you select the one that aligns with your unique needs.

  • Security Control Implementation: We set up and manage the necessary security controls to mitigate risk, reducing potential premium costs and ensuring your readiness for any cyber incident.

With Careful Security, you don’t just get a policy, you get a comprehensive cyber safety net.

Cybersecurity insurance provides financial coverage in the event of a cyberattack. A good policy can help with the costs associated with remediation and recovery of impacted systems.

Businesses that store or process sensitive information such as customer names and addresses, Social Security numbers, medical records, and financial information.

  • What incidents will the insurance cover?
  • Are any specific incidents excluded?
  • Which business obligations do you need to comply with?
  • What is the response time if a breach occurs?
  • Would the insurer modify coverage due to the changing nature of cyber-attacks?
  • First-party coverage: Losses related to data breaches, network security failures, and cyber extortion.
  • Third-party coverage: Losses and damages that affect third parties, such as customers or clients.
  • Business interruption coverage: Losses related to business interruption or downtime resulting from a cyber incident.
  • Cyber crime coverage: Losses resulting from criminal activities such as fraud, theft, or cyber extortion.
  • Network security liability coverage: Losses resulting from liability claims related to network security failures or breaches.
  • Privacy liability coverage: Losses resulting from liability claims related to the mishandling of personal information.

Yes, cyber insurance is not a substitute for implementing effective cybersecurity measures. Without proper controls in place, the costs of a cyber incident can exceed the coverage provided by insurance. Insurance companies require proof that reasonable cybersecurity controls are in place and may deny coverage if it is determined that the business did not take reasonable steps to protect against the incident.

Careful Security can help you get the right cyber insurance and identify and implement any missing security controls that can prevent you from getting the right cyber insurance coverage. In the digital era, cyber threats are evolving at an unprecedented rate, placing your valuable data and business continuity at constant risk.

Your company’s cybersecurity isn’t just an IT concern; it’s a cornerstone of your business’s success. Don’t leave it to chance. At Careful Security, we specialize in providing comprehensive Cyber insurance services to businesses. We guide you through the complex landscape of cyber risk, ensuring you get the right insurance coverage and implement the necessary security controls to keep your business safe. We make cybersecurity simple, so you can focus on what you do best – running your business.