Andrew Troi
I have had an incredible experience with Harrison Insurance and Jennifer in particular. She is true professional and handles all questions and concerns in a timely and kind manner. I’m so glad I switched my auto and renters policy to Erie and Harrison insurance.
Andrew Troi
Madisyn Massucci
Jennifer has been nothing but helpful and cooperative during our correspondence.
Madisyn Massucci
Kayla Courtois
Fantastic customer service! Very knowledgeable, patient, and friendly. We were a new business starting up with absolutely NO clue what to do. Fred made the process very simple and got us the coverage we needed in a field that is hard to get coverage in!
Kayla Courtois
Thomas Sweeney
Used Fred for my executor bond, he worked with me over the phone as I was out of town to fill out the paperwork. The prices were much cheaper than anywhere else I found.
Thomas Sweeney
bryan acheson
Fred and team at Harrison Insurance are awesome. I requested a review of my insurance coverage for my business and found that I was grossly under covered. Fred explained where I was needing additional coverage and why it was important. Needless to say, I'm now a client. Fred truly cares for his clients. I think my premiums basically stayed the same, for additional coverage I might add, but I would have been willing to pay more just for the service and knowing I was being taken care of. I highly recommend Fred for your business.
bryan acheson
Kayla Furrow
Harrison Insurance is a great company to work with! I worked with Fred and the personal touch he adds makes you feel like you’re truly being taken care of, like you’re a part of the family. Fred never settles for the bare minimum, and if he sees something lacking in your insurance policy, he will tell you what he can do to fix it and what kind of options you have to make sure you’re covered in every area possible. Harrison Insurance is a small town agency, but their impact is huge. If you’ve got any kind of insurance, it is always worth giving Harrison a call and seeing where you can improve your coverage while lowering your rates. You definitely won’t regret touching base with them!
Kayla Furrow

What is Cyber Liability Insurance?

Cyber Security

What is Cyber Liability Insurance?

In today’s digital age, businesses rely heavily on technology and the internet. While this brings numerous advantages, it also comes with risks, particularly in the form of cyber threats. Cyber liability insurance is a specialized type of insurance that helps businesses protect themselves against the financial and legal consequences of cyberattacks and data breaches. In this article, we will explain what cyber liability is, its various uses, potential cost factors, and why a business would need it.

What Is Cyber Liability Insurance?

Cyber liability insurance, often called cyber insurance or cyber risk insurance, is a policy designed to help businesses mitigate the financial impact of cyber-related incidents. These incidents can include data breaches, cyberattacks, and other forms of unauthorized access to sensitive information.

Different Uses for Cyber Liability Insurance

  1. Data Breach Coverage: If a cybercriminal gains access to your business’s sensitive data, such as customer information or financial records, and it’s compromised, cyber liability insurance can cover the costs associated with notifying affected parties, providing credit monitoring services, and managing the fallout from the breach.
  2. Legal and Regulatory Costs: Cyber liability insurance can help cover legal fees and fines resulting from lawsuits or regulatory actions stemming from a data breach. It can also assist with public relations efforts to manage your business’s reputation.
  3. Business Interruption: Some policies provide coverage for income lost due to a cyberattack or system downtime. This can help your business recover financially during the disruption caused by a cyber incident.
  4. Cyber Extortion: If your business is targeted by cybercriminals who demand a ransom to prevent or stop an attack, cyber liability insurance can cover the ransom payment.

Potential Cost Factors

The cost of cyber liability insurance can vary depending on several factors:

  1. Business Size: Larger businesses with more data and a higher risk of cyberattacks may pay higher premiums.
  2. Industry: Certain industries, such as healthcare and finance, may face increased risks and higher premiums due to the sensitive nature of the data they handle.
  3. Security Measures: Insurers often consider the cybersecurity measures your business has in place. A strong cybersecurity posture may lead to lower premiums.
  4. Coverage Limits: The amount of coverage you choose affects your premium. Higher coverage limits will result in higher premiums.

Why Does a Business Need Cyber Liability Insurance?

Businesses, regardless of their size, need cyber liability insurance for several reasons:

  1. Protection from Financial Loss: Cyberattacks and data breaches can be costly to recover from. Cyber insurance helps cover expenses, reducing the financial burden on the business.
  2. Compliance Requirements: Some industries have legal requirements mandating cybersecurity measures and data breach notification. Cyber liability insurance can assist in meeting these obligations.
  3. Protection of Reputation: A data breach or cyber incident can damage a business’s reputation. Cyber insurance can help fund efforts to repair and rebuild trust with customers and partners.
  4. Peace of Mind: Knowing that you have insurance in place can provide peace of mind, allowing you to focus on growing your business without constantly worrying about cyber threats.

In summary, cyber liability insurance is a valuable tool that helps businesses safeguard against the financial and legal consequences of cyberattacks and data breaches. It offers protection against various cyber-related incidents, including data breaches, legal costs, business interruptions, and cyber extortion. The cost of cyber insurance depends on factors like business size, industry, security measures, and coverage limits. Every business, big or small, should consider cyber liability insurance to mitigate the risks associated with operating in today’s digitally connected world.