If you are a graphic designer, yes, you need Hack Insurance

Posted by David Hamilton on May 25, 2018 2:21:10 PM

WHAT IS CYBER INSURANCE | CYBER LIABILITY INSURANCE | CYBER SECURITY INSURANCE | HACK INSURANCE?

Cyber Hack insuranceHack insurance for graphic designers is designed to protect them from certain losses associated with data breaches and hacks. After a hack, there are costs you will likely incur in:

  • notifying customers that their information has been stolen
  • paying to restore or recover the stolen data
  • having to redo design ideas, e.g., logos, since they are no longer confidential

The case of Canva — don't let the same happen to your business!

Canva logo

Think your graphic design firm won't be hacked? Think again. Just look at the case of Canva, the large Australian graphic design business that was hacked in 2019; the data of roughly 139 million users was stolen! The hacker then put the data up for sale on the dark web.

If a hacker can breach the defences of a large graphic design firm such as Canva, they can certainly breach a smaller firm too. Hackers are becoming smarter, making it tougher for graphic designers to defend themselves from a data breach.

If a cyber attacker is able to gain access to your computer, network or other electronic system, they may be able to steal client information, employee information, accounting information and other valuable data from you.

So, how can cyber hack insurance help?

Hack insurance can help with expenses associated with managing a hack, such as incident response and data recovery expenses.

PROTECT your data: If you’re a graphic designer, your livelihood is linked to your computer. Not only is your work stored on your computer, you may also have accounting and client information on there. If you suffer a hack, your insurance can help you manage the costs associated with the loss. Front Row's cyber hack insurance policy starts at just $300 CAD annually and includes comprehensive cyber coverage with limit options up to $1,000,000.

“If you look at a graphic designer that’s billing $50,000 a year from their home office, the difference between a cyber policy that costs $800 and one that costs $300 is really significant – it’s 1% of their income,” said David Hamilton, CEO and president at Front Row Insurance. “We found that really small businesses, with one to three people, understand the need for cyber coverage but don’t want to pay a lot for it. Our $300 starter premium is very palatable and provides what we feel is an excellent starter policy for small business proprietors in Canada.”

90% of small businesses in Canada do not have Cyber Insurance: take five minutes to protect your business that has taken you so long to establish.

Get a Quote Online In 2 Mins.

 

Topics: Cyber Insurance

Business Insurance that Protects You when Your Database Host is Hacked

Posted by David Hamilton on Aug 13, 2014 12:01:00 PM

BUSINESS INSURANCE THAT PROTECTS YOU WHEN YOUR DATABASE HOST IS HACKED

BUSINESS INSURANCEDatabase hosts and online security companies cannot prevent cyber attacks: your office insurance should include cyber insurance to protect you. Even with reminders to back up information, change passwords or purchase additional security measures, online hosts cannot guarantee full information protection from hackers. The biggest issue with hacking in today's business environment is the unpredictability and daily evolvement. Without a particular business target, hackers are in search for easily accessible information that can generate money or sales illegally.

In an article by Ernst and Young, the mining and metals industries are listing information hacking as one of their top threats as a business. “Consumer and financial organizations were thought to be at most risk. However, the list of cyber adversaries has grown to include criminals, national governments and hacktivists, and their target list has likewise grown.”

Businesses can be held personally responsible for their client’s credit card and personal information and are reminded that the rising threat of cyber attacks translate to a need for more security and protection to address these issues. For example, Target is facing lawsuits filed by customers and banks for negligence and compensatory damages after its cyber attack last year. This is not including other costs resulting from the breach. Target has reportedly spent over $61 million responding to the breach, and has experienced a profit drop compared to last year’s holiday shopping profit.

Although both Target and the mining industry are greater examples of cyber attacks, small business can fall victim to these breaches. Front Row Insurance can provide you with a quote for business insurance that includes cyber coverage.

Make sure your business office insurance protects you for the most current threats. 

Topics: Office Contents Insurance, Cyber Insurance

Office Contents Insurance and the Need for Cyber Insurance

Posted by David Hamilton on Aug 13, 2014 11:26:00 AM

CYBER INSURANCE CANADA

Cyber insurance protects your business from revenue loss and lawsuits sparked by a breach of cyber security and computer crimes. Every business office insurance policy should include cyber insurance.

Office contents insuranceWith an ever growing movement towards technology and new media, businesses need protection against online hackers. Data breach can include document spillage, client information exposure and unwelcome access to sensitive information. Cyber hacks are unpredictable and untraceable, but they are growing in occurrence and stealth. Businesses with an online presence are recommended to calculate the risk of losing revenue due to cyber attacks and whether the business can afford to lose money, clients, shareholders and even reputation. 

Big corporations and small businesses alike are all vulnerable to these attacks. Citigroup, for example, faced a $2.7 million loss in revenue when sensitive information of over 200,000 of their customers was accessed in 2011. Despite this being on the larger scale of hacks in history, any business with documents online face the risk of exposing important information that may lead to lawsuits down the road.

ALSO: WORKPLACE OFFICE INSURANCE (WITH CYBER)

At Front Row Insurance our commercial office insurance package has the option to include Cyber Insurance, a coverage which lessens and protects your business from the aftermath of a cyber attack. Most of these breaches can take months to undo and thousands of dollars to compensate, but cyber insurance can reduce these setbacks. Visit our website for more information about our office contents insurance package.

For further assistance please do not hesitate to contact us directly or see more office contents information here.

Topics: Office Contents Insurance, Cyber Insurance