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Cyber Liability

The expense of a business owner whose customer information has been hacked is extremely expensive. We will help you identify potential risks, decrease your chance of attack, and provide a layer of protection if it occurs.

There are two main types of cyber liability insurance:

  • First-party coverage, which responds to losses resulting from cyberattacks on your business network
  • Third-party coverage, which responds to cyberattacks on other people’s systems or networks

When a Cyber policy helps: When data is exposed, lost, or locked because of a hack.

Examples of affected industries: All industries

A cyber liability policy may provide different types of coverage, like client notification, credit monitoring services for individuals, state and federal penalties, legal defense costs, costs to repair damages, ransom negotiations, public relations, and more.

 

Every industry has some level of cyber exposure. Take action to reduce yours:

  • Implement cybersecurity measures: Train employees, adopt multifactor authentication, update your software, and require strong passwords.
  • Evaluate your vendors’ and partners’ cyber liability insurance and protection protocols.
  • Establish a response plan for cybersecurity and data breaches. The plan should include insurance.
  • Contact FIFS today for a cyber liability policy.
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Cyber Liability FAQs

All my software is cloud-based. Does that remove my cyber liability exposure?

No. You could be named in a lawsuit or required to provide free credit monitoring services to your customers. Depending on the severity of the breach, a cloud-based vendor’s insurance limits might not be enough to cover their clients. We can help you obtain coverage to reduce your risk.

Do we need a cyber policy if we’re a non-profit organization?

It depends on your exposure; however, in most cases, it’s recommended.

If I only use a card reader to take credit card payments and don’t retain any of the credit card information, do I need a cyber liability policy?

Cybercrime reaches far beyond credit card payments. A cyber policy will provide coverage for exposures beyond credit cards.

Contact An Advisor

Kyle

Insurance Advisor

Jim

Insurance Advisor

Joanne

Insurance Advisor

Brett

Insurance Advisor

Kristel Leavy

Kristel

Service Advisor

Gurpreet "Preet"

Service Advisor

Stephanie Adamo

Stephanie

Service Advisor

“We couldn’t ask for anything more..."

They are experts in their field. They provide efficient, proactive, knowledgeable advice. And they work hard on our behalf. We couldn’t ask for anything more and I would highly recommend them for all your personal and business insurance needs.

Jessica M.
Telford

“A great community asset!"

I appreciate the expertise that FIFS provides in aligning product offering with what I actually need. I especially appreciate the professionalism and kind approach from their staff. They are a great community asset!

Robin L.
Perkasie

“The best at what they do!"

FIFS has been our church’s insurance connection for as long as I’ve worked here, 17 years. They have been there for every need, question and problem that we have had. They have responded to all issues with calmness, quick answers and clear guidance.

Leslie R.
Telford

“Second to none!"

FIFS service and personal attention is second to none! It is a pure pleasure dealing with Joanne for our business insurance and my homeowners insurance is always burden-free due to the knowledgeable staff.

Tim M.
Souderton

“...an A+ for their service..."

The strengths of FIFS are their staff and personal service. They are always quick to respond to phone calls or email. They go above and beyond what other companies might do. I would give FIFS an A+ for their service and expertise.

Cheryl O.
Spring Hill Realty

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