Cyber Liability and Small Business

February 20, 2019
|In Business Insurance
|By ig

If you have a small business, check out these statistics:

  • Forty-three percent of cyberattacks target small businesses.
  • Only 14% of small businesses consider their cyber defenses to be highly effective.
  • The average small business data breach costs $86,500 in recovery costs.
  • Sixty percent of small companies fail within six months of a breach!

These statistics should be enough to scare you into asking your insurance agent what your coverage options are. Coverage is available and very affordable.