Cyber Liability
Cyber Breach Cost Calculator
The average cost of a data breach in the United States has risen to $8.2 million dollars, more than twice the global average. To see what a cyber breach could cost your organization, try our breach cost calculator.
Not If But When
At least one-third of U.S. businesses have been hacked or have experienced some sort of breach of sensitive data such as Protected Health Information (PHI) or Personally Identifiable Information (PII).
You are Exposed
This isn’t simply a random accident. Loss due to an “accident” is a basic tenet or requirement for insurance coverage to be available. We are being attacked, and our enemies are very good at what they do. The reality is, you’re probably more likely to experience a cyberattack than to have your building burn down.
We've Been There
The good news is that the insurance markets have come a long way in their cyber insurance offerings. Coverage is extremely broad. Cost for cyber policies continues to decrease. Insurers are getting experienced at coordinating and paying for breach responses for insureds.
Ask the Experts
With Mike Roman
We have experience with placing cyber coverage and coordinating the insurance response for organizations as large and complex as Fortune 1000 publicly traded companies and as small as a local landscaping firm.
Meet Our Cyber Wizard:
Mike Roman
For more than 15 years, Fortune 1000 publicly traded and privately held companies have trusted Mike with their comprehensive risk management programs and relied on his deep technical expertise in Cyber and Management Liability, including Professional Liability and Director’s & Officer’s (D&O) insurance.
Mike now champions these specialty practices for Alabama’s small-to-midsize businesses for Valent Group, an independent risk consulting firm and division of ESBCO Industries, Inc., one of the largest privately held companies in Alabama with a global footprint. Before joining Valent Group, Mike worked as senior vice president and client advocate at the third largest insurance brokerage in the world, where he spent nearly 14 years.
Mike Roman
For more than 15 years, Fortune 1000 publicly traded and privately held companies have trusted Mike with their comprehensive risk management programs and relied on his deep technical expertise in Cyber and Management Liability, including Professional Liability and Director’s & Officer’s (D&O) insurance.
Mike now champions these specialty practices for Alabama’s small-to-midsize businesses for Valent Group, an independent risk consulting firm and division of ESBCO Industries, Inc., one of the largest privately held companies in Alabama with a global footprint. Before joining Valent Group, Mike worked as senior vice president and client advocate at the third largest insurance brokerage in the world, where he spent nearly 14 years.
Cyber Breach: How vulnerable is your company?
The probability your company could be breached is higher than you think. Take our 2-minute cyber risk assessment to see your Risk-O-Meter.
FROM THE BLOG
Cyber Insights
Cyber Risks and Liability for Cybersecurity Month 2020
To wrap up this year's cybersecurity month, we are reviewing some common phishing mistakes to help you steer clear and keep your business secure. We also provide some details on what is covered by cyber liability insurance and the top reasons to get it. 3...
Hacks and Attacks on Rise – Cyber Risk During COVID-19
Given current events, we want to keep you informed about how the COVID-19 Coronavirus pandemic has impacted businesses from a cyber perspective. Since the start of the new year, cyber criminals have registered over 4,000 domain names containing the phrases “Corona”...
Cyber Liability: The Importance of Two-Factor Authentication
As cyber attacks become more and more common, protecting your data is increasingly difficult. In fact, a study from Juniper Research found that by 2023, cyber criminals are expected to steal an estimated 33 billion records. In light of the growing number of cyber...
Our Cyber Specialist Speaks in Birmingham Business Journal’s Cybersecurity Feature
Mike Roman, our senior risk consultant and vice president of property & casualty operations, once again appeared in the Birmingham Business Journal (BBJ) providing "Insights into Cybersecurity." The article features Mike alongside several other experts, including:...
Data Breach: Why Small to Mid-Sized Businesses Are More Vulnerable Than You Think
Over the last five years, the US has seen quite a few large scale data breaches addressed in the news. Many of these newsworthy breaches have targeted very large companies: Equifax (2017), Adult Friend Finder (2016), Anthem (2015), eBay (2014), JPMorgan Chase...
Our In-House Cyber Specialist to Speak at Local Cybersecurity Panel
We are very excited to share that our Vice President of Property & Casualty, Mike Roman, will be a panelist at the Birmingham Business Journal's (BBJ) Cybersecurity Panel event on Sept. 25th. Mike specializes in management liability and cyber liability and has...