Cyber Insurance:
Why Do You Need It?
Cyber insurance protects companies from the financial and reputational fallout of a cyber attack, covering legal fees, credit monitoring, data breach notifications, and more. If a hacker tries to infiltrate your network, cyber insurance responds.
Understanding Cyber Security Insurance
Understanding Cybersecurity Insurance is crucial for businesses navigating today’s digital landscape. Cyber insurance, which emerged in the early 2000s, is designed to help organizations mitigate the financial losses associated with cyber-attacks, data breaches, and other online threats. As cyber threats have evolved, so has the need for comprehensive protection, leading to the development of tailored policies that cover costs related to data recovery, legal fees, and business interruption. Businesses that invest in cyber insurance benefit from greater financial security and risk management, ensuring they can recover quickly in the event of an attack. Sunwest Bank understands the importance of cybersecurity and partners with businesses to ensure they are fully protected, providing the expertise and support needed to navigate the complexities of cyber insurance.
Reasons To Get Cyber Insurance
There are countless reasons to get cyber liability coverage, just as you should cover your car in case of an accident, your business needs to be covered for cyber attacks that put your, and your customer’s, data at risk.
Cyber Attacks Are Common & Expensive
Cyber threats are real and costly. Cyber insurance shields your business from financial ruin in the face of data breaches and cyber attacks.
Protects Against Financial Loss and Expenses
Don’t let cyber incidents drain your finances. Cyber insurance covers the expenses of recovery, ensuring your business stays financially secure.
Maintains Legal Compliance
Stay on the right side of the law. Cyber insurance covers regulatory fines and penalties, keeping your business compliant and protected.
Reputational Protection
Safeguard your brand’s reputation. Cyber insurance offers expert support to manage crises and restore customer trust after cyber incidents.
Insure with Confidence
Sunwest Bank partners with Cowbell, who brings transparency to cyber insurance with clarity of coverage, continuous risk assessment, and actionable insights to close insurability gaps and optimize coverage and policy configuration.
Robust Incident Coverage
Claims Handled By Cyber Experts
Continuous Risk Monitoring
Peer Benchmarking
Live Risk Engineering Guidance
On-Demand Access To Risk Insights
Cyber Awareness Training For Employees
Real-Time Evaluation Of Risk Posture For Cloud Services Through Connectors
Designed Just For you
Cowbell cyber coverages are specifically designed for enterprises with up to $250 million in annual revenue. For a healthcare, technology, construction, finance, retail or agriculture business, and other industries, Cowbell automates insurance applications. As an enterprise risk manager, your work is essentially already done.
