Cyber Insurance in St. Louis, MO

As the world around you evolves, it’s necessary to account for new risks and exposures. Given the rising use of digital and online technology in many facets of your life, this diligence should include consideration of cyber risks and exposures, and how you can limit losses arising from cyber incidents. With this in mind, cyber insurance should be a top priority.

What Does Cyber Insurance Cover?

Also known as hacking insurance and cyber protection insurance, these policies can provide versatile and robust financial security for policyholders in the face of various cyber threats. In the event of cyberattacks, cyberextortion, identity theft or fraudulent transfer of funds, cyber insurance can make all the difference in limiting losses and expenses.

How Cyber Insurance Works?

Like many types of insurance, personal cyber insurance coverage establishes a contract between you and your insurance company. In response to various cyber incidents, such as phishing attacks and identity theft, you can submit a claim against its policy. If approved, your insurance company may provide a payout up to your coverage limits and minus your deductible, potentially making a significant difference in total out-of-pocket fiscal consequences.

Who Should Get Cyber Insurance?

In the modern era, even individuals and families must seriously consider their need for cyber insurance. Cybercriminals have increased their activity in the years since the COVID-19 pandemic and become less picky with their targets. Fortunately, many homeowners, renters and condo insurance policies can be augmented with personal cyber coverage.

How Much Cyber Insurance Do I Need?

Your exact cyber insurance needs may vary significantly depending on your unique circumstances. Consider your financial assets, professional life and current cybersecurity measures when considering cyber insurance coverage. For example, if you have considerable financial assets, work remotely for a large corporation or hold a senior leadership position at a prominent company, you may be more likely to be targeted by hackers and may therefore have more of a need for insurance.

Is Cyber Protection Insurance Worth it?

The protection afforded by cyber insurance can play a critical role in your ongoing financial security and peace of mind. Given the potentially devastating consequences of even a single data breach or cyber incident, securing the right cyber insurance may prove to be one of the most important investments you can ever make.

We’re Here to Help

At Crawford-Butz Insurance, we’ve proudly served businesses, families and individuals in the St. Louis area since 1961. Our dedicated team will draw on this extensive track record to ensure you have the right cyber insurance coverage. Contact us today to get started.