For our customers impacted by Hurricane Ian, Bankers is here for you as you begin the claims process. Click here to learn how to file a claim and opt in to our text feature, navigate to our Consumer Portal, and find resources as well as FAQs regarding steps following a loss including mitigation needs.

What Is Cyber Liability Insurance?


Laptop with Cyber Security. Bankers Insurance Corporation Cyber liability insurance

Bankers Insurance Group is pleased to announce we now offer cyber liability insurance at a low-cost, with $0 deductible to help protect businesses against cyber threats. Our Comprehensive Commercial Cyber Service will be an option as an addendum to your current or new BOP.

Approximately 60% of all small- or medium-sized companies go out of business within six months of experiencing a data breach. These companies lack the expertise or resources to address the cyber landscape. Our Comprehensive Commercial Cyber Service will include:

  • Assistance with compliance
  • Protection and Planning
  • A breach or Ransom Response Consulting regarding information protocols and best practices
  • Resolution for consumers
  • Access to certified forensic examiners
  • Post-Resolution Education and Ongoing Protocol Review

Cyber awareness is essential, and so is creating a company culture that is proactive instead of reactive. That’s why cyber security training is included in our Comprehensive Commercial Cyber Service. Our program allows a business to deploy the training platform in a variety of ways; giving your team the knowledge needed to help reduce the chances of becoming a victim of cyber crime. The cost of a data breach includes legal expenses, lost customers, reputation management, and more. Unfortunately, actual costs extend beyond the dollars spent to address the incident:

  • 31% of breach notification recipients terminate their relationship with the organization
  • 59% of breached companies were involved in subsequent litigation
  • 33% faced potential regulatory fines
  • 32% experienced a decline in share value

Call your local Bankers agent or dial 800.627.0000 x 4900 for an agency near you or visit https://bigidinfo.com/

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