Cyber - The Risks Facing SME Businesses

We want to make sure you are aware that cyberattacks are not slowing down, and every organization is a target regardless of size. Cyberattacks have become a profitable and low-risk pursuit for criminals.

The risk to small businesses is real and growing:

• A cyberattack occurs every 39 seconds (​University of Maryland​)
• 60% of small businesses go out of business within six months of a cyberattack (​Verizon​)
• 68% of cyber incidents involve human error (​Verizon​)

Yet many businesses still lack the proactive safeguards and insurance. 

As your trusted advisor, Brown & Brown will provide a non-binding cyber indication to help strengthen your protection. We will also include a risk assessment showing vulnerabilities visible to potential threat actors.

Here are the highlights of your cyber indication:

• Clawback capabilities for Funds Transfer Fraud—aiming to recover the entire stolen amount (especially if reported within 72 hours)
• Pay-on-Behalf Language: To avoid out-of-pocket costs and waiting for reimbursement.
• Separate Limit for Breach Response: To preserve limits for other losses, like extortion and business interruption.
• Comprehensive Coverage: Includes difficult-to-find coverages like bodily injury, property damage and pollution.
• Responsive Claims Support: Expert coordinated guidance through every step.

We truly care about your protection and as cyber threats grow, our priority is helping keep your organization safe.