Delaware Business Insurance Update from CNC Insurance Assoc. " #1 Priority to Combat Cyber Risk. 8-28-16

As a small business owner you are constantly battling the cyber criminals who are  trying to bust into your server and steal your data. If you haven't addressed cyber security with a modern risk management approach, you are opening yourself  up for potential problems. So with that in mind, let's briefly discuss the risk management of cyber security. 
 As a business owner you need to analyze some key risk indicators.
 They are: , 
 1) What would be the financial impact from a cyber hack?
2) How resilient are we if we did have an attack? 
3) How imminent is an attack on our data? 
If you can answer these questions honestly about your business then you are on your way for a solid risk management plan. The hard part is finding the answers. There are a lot of cyber risk checklists and analytical tools out there to assist but no matter how difficult you have to get started. Also don't forget to buy Cyber Liability Insurance. These policies are more price competitive then they use to be and the coverage is available to cover your loss and the loss to customers. Until next time be careful out there and know your risks.

G. Kevin Nemith President of CNC Insurance Assoc. & The Small Business Insurance Center
Serving DE, MD, PA, NJ, & VA
www.cncinsurance.com
www.bizinsurancetv.org

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