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Whether you’re a small business or run a huge operation, one critical incident can have severe financial implications on your business and reputation.
That’s why Collings Insurance Brokers recommends coverage through our Business Cyber Insurance policies. Our experts will help you assess your security infrastructure and identity risks and coverage gaps. Tailored to meet the needs of your business, our policies protect you against the financial loss of cybercrimes including: data breaches, online fraud or cyber attack.
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How Business Cyber insurance can protect you.
Business Cyber Insurance addresses both the security threats businesses face online and the financial impact of a cyber-attack.
Business Cyber Insurance takes a multifaceted approach — from identifying the source of a cyber incident and restoring compromised systems, to covering legal costs and even managing public relations after an attack.
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Coverage for what’s important to you
Business Cyber Insurance is designed to protect your business again:
- Data breaches
- Ransomware and cyber extortion
- Online fraud and phishing schemes
- Business interruption losses
- Legal liability and regulatory fines
- Reputation damage
Coverage Highlights
Have a unique need? Reach out, and we’ll find the right coverage for you.
Covers the costs of responding to a breach, including forensic investigation, legal guidance, and notifying affected customers.
Helps replace lost income and cover extra expenses if a cyber-attack shuts down your systems or disrupts operations.
Provides financial protection and expert support if criminals lock your systems or data and demand payment to restore access.
Covers lawsuits and legal expenses if clients, customers, or partners sue your business after their data is exposed or operations are affected.
Helps with costs related to privacy law violations or penalties imposed by regulators after a breach.
Pays for the recovery or replacement of corrupted, stolen, or damaged digital assets, networks, and software.
Covers losses from deceptive schemes such as phishing or fraudulent fund transfers.
Supports the cost of crisis communication and public relations services to help restore trust in your business after an incident.
Frequently Asked Questions
Any business that stores customer information, processes payments, or relies on digital systems can benefit from cyber coverage. Small and mid-sized businesses are often targeted by hackers because they may have fewer security resources.
No. Cybercrime affects businesses of all sizes, and smaller companies often face greater risk because they lack the in-house resources of larger organizations. A single cyber-attack can cause devastating financial and reputational damage — making coverage essential.
Yes. While cyber insurance provides a financial safety net, insurers often expect businesses to maintain basic cybersecurity practices before offering coverage. This helps keep premiums affordable and strengthens your protection against attacks.
Common measures include:
- Strong password management & multi-factor authentication on email, banking, and system logins
- Regular software updates & patching to close vulnerabilities
- Data backups stored securely and tested regularly for recovery
- Employee awareness training to prevent phishing and social engineering scams
- Firewalls and endpoint protection to secure networks and devices
By having these safeguards in place, you not only reduce your risk but also demonstrate to insurers that your business takes cybersecurity seriously.