Cyber Liability
Cyber Breach Cost Calculator
The average cost of a data breach in the United States has risen to $8.2 million dollars, more than twice the global average. To see what a cyber breach could cost your organization, try our breach cost calculator.
Not If But When
At least one-third of U.S. businesses have been hacked or have experienced some sort of breach of sensitive data such as Protected Health Information (PHI) or Personally Identifiable Information (PII).
You are Exposed
This isn’t simply a random accident. Loss due to an “accident” is a basic tenet or requirement for insurance coverage to be available. We are being attacked, and our enemies are very good at what they do. The reality is, you’re probably more likely to experience a cyberattack than to have your building burn down.
We've Been There
The good news is that the insurance markets have come a long way in their cyber insurance offerings. Coverage is extremely broad. Cost for cyber policies continues to decrease. Insurers are getting experienced at coordinating and paying for breach responses for insureds.
Ask the Experts
With Mike Roman
We have experience with placing cyber coverage and coordinating the insurance response for organizations as large and complex as Fortune 1000 publicly traded companies and as small as a local landscaping firm.
Meet Our Cyber Wizard:
Mike Roman
For more than 15 years, Fortune 1000 publicly traded and privately held companies have trusted Mike with their comprehensive risk management programs and relied on his deep technical expertise in Cyber and Management Liability, including Professional Liability and Director’s & Officer’s (D&O) insurance.
Mike now champions these specialty practices for Alabama’s small-to-midsize businesses for Valent Group, an independent risk consulting firm and division of ESBCO Industries, Inc., one of the largest privately held companies in Alabama with a global footprint. Before joining Valent Group, Mike worked as senior vice president and client advocate at the third largest insurance brokerage in the world, where he spent nearly 14 years.
Mike Roman
For more than 15 years, Fortune 1000 publicly traded and privately held companies have trusted Mike with their comprehensive risk management programs and relied on his deep technical expertise in Cyber and Management Liability, including Professional Liability and Director’s & Officer’s (D&O) insurance.
Mike now champions these specialty practices for Alabama’s small-to-midsize businesses for Valent Group, an independent risk consulting firm and division of ESBCO Industries, Inc., one of the largest privately held companies in Alabama with a global footprint. Before joining Valent Group, Mike worked as senior vice president and client advocate at the third largest insurance brokerage in the world, where he spent nearly 14 years.
Cyber Breach: How vulnerable is your company?
The probability your company could be breached is higher than you think. Take our 2-minute cyber risk assessment to see your Risk-O-Meter.
FROM THE BLOG
Cyber Insights
What You Need to Know About Terrorism Insurance
Terrorist organizations continue to make headlines around the world. An attack on U.S. soil has the potential to cause catastrophic damage. Even a small-scale incident can cause tens of millions of dollars’ worth of damage across a large area. As a result, you should...
Cyber/Management Liability Expert Joins as Insurance Consultant
S.S. Nesbitt & Co. Inc. (SSN) and EBSCO Industries, Inc. (EBSCO) announced today the appointment of Mike Roman as vice president of property and casualty sales operations. Roman (right) is joining senior vice president of property and casualty (P&C) Allen...
Ransomware Is Holding Business Hostage – Should You Pay?
Ransomware is any type of malicious software that infects a computer. It generally either prevents the computer from working as it should or prevents access to certain files until the user pays a ransom. Typically, the hackers behind the ransomware demand bitcoin—a...
Cyber Risks and Liabilities Newsletter – September
In This Issue Data Breaches Increasing at a Record Pace A recent report highlights the increasing threat of data breaches and the sectors that are most vulnerable. Hollywood Hacked Hollywood is especially vulnerable to cyber attacks, as proven by a...
June Newsflash: What’s New in the Business World?
DID YOU KNOW? A U.S. Court of Appeals recently barred the Federal Aviation Administration (FAA) from requiring recreational drone owners to register their unmanned aircraft. The FAA originally required registration of all recreational drones. This registration helped...
Four Steps Toward Better Cyber Risk Managment
If your company stores data and information digitally, you should have a cyber risk management program that addresses prevention, disclosure, crisis management and insurance coverage in the event of a data breach. Good cyber risk management requires the planning and...