Cyber Insurance in Colorado

The rise of the internet has changed nearly every aspect of business over the past 20 years. Now you can find customers online, sell products, accept payments, connect on social media, and much more, all with a few clicks on your computer.

While the rise of the digital economy has been helpful for businesses, it has also created risks. Cyberattacks are now a common risk for businesses of all sizes. The damage from cyberattacks is expected to grow to $10.5 trillion by 2025. That’s a 300% increase from 2015 levels.

No Colorado business is immune to a cyber attack. All it takes is one bad actor to gain login information to your network, and you could face an attack.

Cyberattacks usually create damage by:

• Stealing sensitive customer data
• Stealing confidential trade secrets
• Accessing your financial accounts
• Locking your system until you pay a ransom
• And much more

The good news is there are steps you can take to protect yourself. One crucial step is a cyber insurance policy. Your cyber insurance policy helps you get your business back to normal after a cyber attack, just like insurance would do in the aftermath of a fire or natural disaster.

Cyber insurance companies help with the following:

• Covering financial losses from the attack
• Covering liability related to customer information
• Covering the cost of fixing damage to the network
• Advising on safeguards that you can use to protect your network
• Negotiating with hackers in the event your network is attacked

There is a wide range of cyber insurance policies for businesses of all sizes and industries. Visit Westco Insurance LLC to find the cyber policy right for your needs and your budget. Our experienced agents at our Colorado Springs, CO office can analyze your business and recommend policies that protect you. Contact us today to start the conversation.

If it can happen to the Pentagon it can happen to you! Cyber insurance writes the check when you’ve been hacked.

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