It’s about being prepared because the question isn’t if a cyber incident will happen—it’s when.
If someone broke into your business and stole your computers, you’d expect your commercial insurance policy to help cover that. But what if they didn’t break in physically—what if they hacked into your systems, stole sensitive data, locked you out, threatened your company reputation or business relationships, or even demanded ransom? That’s happening more and more these days, and it’s not just big corporations being targeted. Small and mid-sized businesses are hit just as often, if not more.
That’s where cyber insurance comes in. It’s basically a safety net for your business in case of a cyberattack. Think of it like this—you lock your doors, turn on the alarm, maybe even have security cameras. But online? Cyber insurance is like your last line of defence if all those digital locks as well as ‘people training’ measures fail. It can cover the rising costs of restoring data, notifying customers, legal fees, and handling a ransomware situation. MHK can help you protect your business when it comes to this fast-growing risk.
