Cyber

Does my Business Owners Policy cover a data breach or ransomware attack?

Generally no. Standard BOP policies are built around physical property and general liability and typically exclude cyber events. Some BOP policies include limited cyber endorsements but limits are often too low for a real breach response. According to IBM Security research, the average cost of a data breach for small businesses regularly exceeds $100,000 when forensics, legal notification, and regulatory response are factored in. A standalone cyber policy is the right tool for this exposure.

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Does my Business Owners Policy cover a data breach or ransomware attack?

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