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In today’s world, doing business online is an everyday occurrence, but for businesses, it does carry increased risks. Do you know what your exposure is? Gulfshore Insurance is pleased to offer Cyber Liability insurance. To find out if you may need this type of protection, take this 8-question quiz. Your answers to the questions below help determine your level of risk.
Evaluate Your Level of Cyber Exposure:
- Does your business retain physical or electronic records of employees or other third parties with any of the following?
– Social Security Numbers
– Drivers’ License Information
– Tax Identification Numbers
– Birth dates
– Medical or Health Records
– Court Records
– Police Records
– Banking Information (Checking/Savings Account)
– Email Addresses or Home Addresses
- Does your business have employees?
Fact: Most data breaches involve an employee mistake. They can lose a mobile device, laptop, or paper records, or make costly errors such as opening an unauthorized email containing malware. In addition, they can even intentionally steal data.
- Does your business have an active website?
Fact: Material posted electronically, or in written format, may lead to copyright or trademark infringement, or defamation litigation. If the website is transactional, additional exposures include possible hacking or disruption of your business via denial of service attacks.
- Does your business use third-party vendors (e.g. cloud, IT services)?
Fact: Businesses in possession of personally identifiable information may be held liable for privacy breaches caused by their vendors or other third parties. As the owner of the data, your business is ultimately responsible for protecting it.
- Does your business use mobile technology (smartphones, tablets, laptops)?
Fact: Loss of mobile devices and the electronic content contained therein is one of the leading causes of data breaches today.
- Does your business accept credit card payments, electronic payments, or have online bill pay?
Fact: Almost 40% of all data stolen is credit card and other payment information. This is a category of data that is highly desired by criminals for resale on the black market.
- Does your business allow employees to use personal devices to connect to your network?
Fact: Personal devices may not have the same security software and other connectivity procedures as company-provided devices. As a result, when these personal devices are connected to your network, there may be a higher exposure to virus or malware threats.
- Does your business store your customers’ corporate confidential information?
Fact: Companies face liability for failing to protect their customers’ and business partners’ confidential information.
If you answered “yes” to one or more of the questions, your business has exposures which may lead to cyber-related claims or suits. Can you afford to self-insure these exposures? At Gulfshore Insurance, we understand the complexity of cyber threats and have solutions to help protect your assets. Regardless of your business’ size or industry, we have a cyber insurance solution to fit your needs.
Joe Thompson is a Client Advisor and Partner at Gulfshore Insurance who specializes in managing risk for community associations and various contractors. Comments and questions are welcome at firstname.lastname@example.org
Gulfshore Insurance is a Naples, Florida based insurance agency specializing in business insurance including liability insurance, property insurance, workers compensation insurance, vehicle insurance, business income interruption insurance, cyber insurance, commercial umbrella insurance, and more. Our insurance and risk management advisors are industry specialists for condominium associations, golf and country clubs, oil and petroleum marketers, construction, landscaping, churches and non-profits, and work comp. Navigating insurance requires an experienced and trusted insurance agent who understands your business risks and exposures. Gulfshore Insurance services Naples, North Naples, Marco Island, Bonita Springs, Fort Myers, Sarasota, Lido Beach, Longboat Key, Bradenton Beach, and Southwest Florida. We have office locations in Naples, Fort Myers, Fort Lauderdale, and Sarasota.
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