Cyber Insurance for Small Businesses in Orange County

Lock on laptop symbolizing cyber insurance in orange county protecting from ransomware attacks.As a small business owner in California, you may feel like you’re not at risk of being a target when it comes to cybercrimes and cyberattacks. After all, you’re not a major corporation in Silicon Valley with a treasure trove of valuable data that cybercriminals typically target. However, in reality, any business with an internet connection can be the target of a cybercrime. It’s that simple, yet the consequences can be severe. The truth is as a business owner you’re much more vulnerable to a cyberattack if you have a small business. According to a recent Forbes article, a 2022 new cybersecurity report by Barracuda Networks shows that small business owners are three times more likely to be targeted by cybercriminals than larger corporations.

“Small businesses often have fewer resources and lack security expertise, which leaves them more vulnerable to spear-phishing attacks, and cybercriminals are taking advantage,” said Don MacLennan, of Barracuda Networks. At BearStar, we understand the risks, which is why we offer cyber insurance for small businesses in Orange County.

Cybercriminals Target Small Businesses

Small businesses in Orange County are gold mines full of business, customer, and employee data that can be used for identity theft and fraud. Some of the valuable information cybercriminals target small businesses for:

Business, customer, and employee names, email addresses, phone numbers, and addresses
Business and customer financial records, credit cards, or bank account information
Medical information
Social Security or driver’s license numbers
Identity theft
Data, passwords and emails

What’s Included in Cyber Liability Insurance?

At BearStar Insurance, our Cyber Liability Insurance can help cover the costs of things like cybercrime investigations, data recovery, and legal expenses. It can also provide financial protection in the event that your business is forced to shut down due to a cyberattack. While no one likes to think about the possibility of a cyberattack, it’s important to be covered should the worst happen. Having cyber insurance is the smartest way to protect your company from cybercrimes.

In addition, cyber insurance pays for recovery expenses if hackers breach your network, hold data hostage, or retrieve sensitive information like employee and customer records, so your company won’t be held liable for lawsuits or court costs.

Does My Small Business Need Cyber Insurance?

As our world becomes increasingly digitized, the risk of cyberattacks is only going to continue to grow. That’s why it’s integral for small businesses to have cyber insurance in place. It may not be something you want to think about, but it could make all the difference if your business is ever the target of a cybercrime.

Taking out cyber liability coverage will also protect your business from financial loss due to a data breach. If you don’t have this type of commercial insurance, a cyberattack could quickly bankrupt your business that you’ve worked so hard to build.

If you’re not already insured, now is the time to get cyber liability coverage for your commercial business. It might be one of the smartest decisions you make to protect your business.

Looking for Cyber Insurance?

As a trusted provider of cyber insurance for small businesses in Orange County, BearStar Insurance Services can help you get the coverage you need to protect your business from the consequences of cybercrime.

Leveraging over 100 years of experience, BearStar Insurance agents have a deep understanding of what California business owners need – and don’t need – when it comes to their insurance coverage.

From cybersecurity, workers’ compensation, general business to contractors insurance, we work with some of the best carriers in the industry to provide you with custom-fitted, comprehensive protection at the best possible price. At BearStar Insurance Services, we value the relationships we build with our clients. Fill out this form to get a quote or call us today at 949-979-5251 to speak with your local agent.