As a small to mid-size business owner and employer in Florida* you should know Internet-based crime is one of the fastest growing security threats in the U.S. It’s also important to understand the difference between cyber insurance and crime insurance.
Cyber insurance plans typically cover your business’s liability due to a data breach; whereas, crime insurance generally covers a direct loss of funds from employee theft or social engineering. Depending on your type of business, you may need both.
Most cyber crime attacks are the result of social engineering, where hackers trick you and/or your employees into making security mistakes or giving away confidential information (Social Security numbers, credit card numbers, account numbers, driver’s license numbers and health records).
Although our core client base is small to mid-size companies, our insight and years of experience with commercial cyber insurance plans translate to large firms as well.
What is generally covered?
- Data Breach management.
- Fraudulent fund transfers.
- Legal liability.
- Loss of income (network interruption).
- Loss of information assets (security failure).
- Regulatory investigation.
What is generally not covered?
- Accounting errors.
- Actions of you or those of your partners.
- Fines and penalties.
- Legal expenses.
- Liabilities due to crime-related losses.
- Specific occupations.
What Gives JAISIN the Edge on Cyber Insurance for Your Florida Business?
JAISIN, an independent, full-service insurance company that provides cyber insurance for small to mid-size businesses, uses the following five-step approach to ensure you get the broadest business insurance coverage at the most cost-effective price.