Cyber Insurance
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:
- 95% of cybersecurity breaches are caused by human error
- The average cost of a data breach is $3.86 million as of 2020
- And the average lifecycle of a breach was 280 days from identification to containment
- The cost of lost business averaged $1.52 million
In under 3 minutes, get an instant cyber liability quote that includes risk reduction management and employee training, at no additional cost.
Statistics
Internal Errors
Underestimated Risk
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Why Cyber Insurance?
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:
- 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.
- Internal Errors. Human error and software vulnerabilities are constant threats to a business’s security operation. 88% of data breach incidents are caused by employee mistakes, which shows the lack of cybersecurity awareness among many working professionals.
- Underestimated Risks. Although nearly half of cyberattacks affect small businesses, many are unaware of the risk, simply because cyber incidents often go unreported at small businesses.
- Cennairus Cyber makes cyber insurance easy by delivering customized, standalone cyber policies with robust coverages tailored to the unique needs of your business. In connection with Cennairus, their AI-powered customized policies bring value through continuous risk assessment, risk improvement resources, and cybersecurity training for employees.
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