Cyber Insurance – Should Your Business Be Covered?
Welcome to Tech Tuesday!
Even with strong defenses, no system is bulletproof. That’s why more law firms and small businesses are turning to cyber insurance—a safety net when prevention isn’t enough.
This week, we’re breaking down what cyber insurance is, what it covers, and how to decide if it’s right for your business.
What Cyber Insurance Covers:
Data Breach Response
Helps cover the cost of notifying clients, providing credit monitoring, and conducting forensic investigations.
Legal Fees & Liability
Covers expenses from lawsuits related to data exposure, negligence, or compliance violations.
Ransomware & Cyber Extortion
Assists in negotiating or recovering from ransom demands.
Business Interruption Losses
Compensates for income lost during downtime caused by cyberattacks.
Regulatory Fines & Penalties
Helps pay for noncompliance penalties under HIPAA, GDPR, or other frameworks.
Why It Matters:
Even with encryption, MFA, and backups, a single incident can cost thousands—or more. Cyber insurance won’t stop the breach, but it can keep your business from going under while you recover.
Next Week:
We’ll look at cybersecurity metrics—how to measure whether your efforts are actually working.
Until next Tuesday,
Stay covered and cautious!
The KIT Digital Team
