Cyber Insurance

Cyber Insurance + Risk Reduction Management
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Cennairus offers technology-driven cyber insurance alongside cyber risk reduction resources for businesses of all sizes, with premiums starting at $450 a year.

Rob Sobers, a software engineer specializing in web security reported to Varonis:

In under 3 minutes, get an instant cyber liability quote that includes risk reduction management and employee training, at no additional cost.

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Statistics

A small business is hacked roughly every 19 seconds, and 25% of small businesses filed for bankruptcy protection after a data breach. These numbers highlight how small businesses are at higher risk from cyber threats.
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Internal Errors

88% of data breach incidents are caused by employee mistakes, which shows the lack of cybersecurity awareness among many working professionals. Human error and software vulnerabilities are constant threats to a business’s security operation.
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Underestimated Risk

Although nearly half of cyberattacks affect small businesses, many are unaware of the risk, simply because cyber incidents often go unreported at small businesses.

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Why Cyber Insurance?

With cyberattacks, especially ransomware attacks, on the rise, cyber insurance has become more important in helping keep small businesses safe. It is estimated that 43% of cyber-attacks are aimed at small businesses, but only 14% of small businesses are ready to defend themselves.

Why We Recommend Cennairus Cyber?

Cennairus cyber policies are admitted, written on “A” rated paper, and available nationwide. Cennairus goal is to deliver value to policyholders on day one with a closed-loop approach to risk management that includes: continuous risk assessment, recommendations for risk improvement, and cybersecurity awareness training for every employee.

Here are a few risk factors small businesses should consider:

Coverage Overview

Security Breach expense

Coverage for losses and incident recovery expenses such as forensic investigation or customer notification

Extortion Threats

Coverage for losses and incident recovery expenses such as forensic investigation or customer notification

Replacement or restoration of data

Coverage for the costs to replace or restore data or programs in the aftermath of an incident

Loss of Business Income

Coverage for losses and costs associated with the inability to conduct business due to a cyberattack

Public Relations Expenses

Coverage for the costs to hire a public relations firm to restore reputation following a cyber incident

Security breach liability

Coverage of costs, if liable, incurred by customers and other third parties due to a cyberattack

Computer and funds transfer fraud

Coverage for the losses associated with a fraudulent transfer of money, securities, or other property

Social engineering

Coverage for losses associated with social engineering incidents

Ransom payments

Coverage for the reimbursement of ransom payment to a third party to resolve an extortion threat

Post Breach remediation

Coverage for labor costs to remediate security weaknesses identified by an independent security firm

Hardware replacement costs

Coverage for the cost to replace destructed or corrupted equipment after a cyber incident

Telecommunication Fraud

Coverage for the cost of unauthorized use of the insured’s telephone system following a cyber incident