Cyber Suite Insurance

More than half of U.S. businesses have experienced a cyber attack in the past year. The projected cost of cybercrimes in 2025 is $10.5 trillion, with the average attack costing small and medium sized businesses $25,000. Protect yourself and your business from the devastating effects of an attack on your computer systems and data breaches with Cyber Suite coverage from Central.

Here are some real examples of how a cyber attack can affect a small business:

• An insured’s computer system was infected with a virus, breaching nearly 16,000 credit card numbers and data. The insured believed the situation was contained and began notifying affected parties. It turned out the insured’s own IT provider was the offending party. The insured hired an IT firm that was able to control the breach. Reimbursement was made to the policy limit.
  Total cost of breach notification and virus remediation: $107,312
• External backup hard drives with private personal records for patients were stolen from a physician’s office. The insured consulted with an attorney, and notifications were sent to affected individuals advising them to place a fraud alert with credit bureaus and monitor their credit reports and other financial statements.
  Total cost of notification and services: $10,500
• While trying to balance the books, a business owner received a strange pop-up on his laptop. A ransomware virus locked the system until the owner paid an extortion demand. After consulting with the insurance carrier, the insured decided to pay the $600 demand to unlock the system.
  Total cost of extortion and system remediation: $2,400

We are proud to partner with Cyberscout, a leader in comprehensive cyber protection, to provide Cyber Suite coverage. Cyber Suite is comprehensive coverage with multiple layers of insurance defense against the complex, ever-evolving cyber risks businesses face.

With Cyberscout, the following services are provided at no additional charge:

• Business ID Restoration Pro
• IIS portal which provides helpful tips and guidance for cyber safety
• Business Historical Dark Monitoring & Credit Services
• Business Identity Vault and Password Manager
• Access to experts in recovering from cyber extortion and data breaches
• Toll-free recovery helpline

Contact your local independent Central agent for more details about Cyber Suite coverage or an insurance quote.

The policy coverages described above are in the most general terms and are subject to the actual policy exclusions and conditions. For specific coverage details and policy exclusions, refer to the policy itself or contact a Central agent.