Understanding the Value of Privacy Breach Insurance

March is Insurance Fraud Prevention Month; the more your customers know about cyber exposures, the better they’ll understand the value of privacy breach insurance for their business operations.

Here are five privacy breach facts that will help you start (or continue) the conversation on cyber insurance:

1.        Data breaches are rising by more than 30% year over year

2.        Small businesses represent 59% of all breaches

3.        Malware/hacking is the number one and most complex cause of breaches

4.        One-quarter of all breaches result from simple human error

5.        Approximately 85% of customers expect assistance after a breach, which is what cyber insurance offers

(Source: General Reinsurance Corporation, 2016)

If you are a business owner, it is time to talk privacy breach insurance. Here at Palladium we have a wide variety of insurance products designed to provide the best coverage in order to effectively meet your personal and business needs. Read more about privacy breach insurance here  Download  …..

Tags: , , , , , , ,

    Contact

    Use this form to contact us, or to begin the quoting process.

    We value your privacy. The information will only be used
    to follow upon your request. That’s a promise!

    613-824-0441
    1-800-566-6314

    I would like a quote to insure my:
    Privacy Policy Disclosure © Palladium Insurance 2022 Website Design & Development by Xactly Design & Advertising

    COVID-19 Important Update:

    Palladium is serious about the health and safety of its employees, and clients. Accordingly, we have been instructed to limit non-essential, in-person meetings. While our offices remain open, we ask that you please make an appointment before arriving. Many of our employees have chosen to work remotely, and by making an appointment you ensure that your broker will be available (and present) to meet with you. Please note that all public health guidelines must be followed including without limitation, the wearing of face masks, social distancing, and completion of our COVID screening questionnaire.