No matter what type of business you run, if you rely on a computer, smart phone, tablet or the internet to conduct business, you’re open to cyber risk. If you’re near a city or far from others, even if you only spend a short amount of time online, your systems are vulnerable to attack.
As farming continues to embrace new technologies, your business becomes a more attractive target. From routine operations like office systems to high tech equipment like camera systems and robotic milkers, your farm is evolving, it’s important that you protect it from unseen threats.
Cyber insurance helps pay to get your business back to normal. Some of the protection includes:
- Data recovery & recreation
- System recovery & repair
- Lost business income
- Reputation management
- Ransom & extortion payments
- Data breach response expenses
- Identity recovery expenses
- Data breach liability and legal expenses
- Payments to fraudulent party
Cyber liability coverage costs less than many other types of insurance. When you consider the price, the coverage you receive and the potential costs of a hack attack, cyber insurance is a great decision.