umbrella managed sytems cyber liablity insurance cost blog

The cost of a cyber crime, & why your organization needs cyber liability insurance.

Today is the start of Cybersecurity Month 2022.

As the number of cyber attaches increases, organizations continue to work to put proper safeguards in place. Cyber liability insurance protects your business against cybersecurity threats by helping you recover if the worst case happens. Additionally, Cyber liability insurance protects businesses from losses that result from cyber attacks and data breaches. Policies cover the costs of investigations, lawsuits, and other obligations following an attack. This insurance is essential for any business operating today.

Cyber liability insurance should not be considered optional. Why do we say this? Because the direct costs of a data breach will be significant, the indirect costs can quickly become devastating. Still, many companies forego coverage due to the perceived high cost of policies, confusion about what they cover, and a belief that their organization is immune to cyber-attacks.

As part of Cybersecurity Month, we were interviewed by the Kansas City Business Journal to discuss in depth why some insurance carriers may deny cyber security coverage for the business.

UmbrellaManagedSystems KCBJ modified1024 1
Scroll to Top
its umbrella news announcment large

Umbrella and IT Solutions Join Forces

We are pleased to announce a new partnership with IT Solutions Consulting, a managed services provider headquartered in Fort Washington, PA. IT Solutions has a robust reputation in the IT industry and is backed by 25+ years of experience. Together, we’ll continue to deliver top-tier service with our combined team of technology professionals under the IT Solutions name. Click here for more details.