Cyber Liability Insurance

Cyber Liability InsurancePromote a Cyber-Resilient Culture

With the drastic increase in ransomware and other cyber attacks, cyber risks have become a top-of-mind issue.

Don't Remain Exposed to Cyber Danger

The cyber threat to US businesses is significant and continuously evolving, and any business can be a prime target for attack from global cyber criminals. With the drastic increase in ransomware and other cyber attacks, cyber risks have become a top-of-mind issue.

Any business that relies upon computer systems to generate or store business-critical information can have a very real exposure to cyber risks; they can no longer rely on traditional insurance coverage in this space and must take a high-level, holistic approach to how they develop their operations to promote a cyber-resilient culture.

Why does your business need cyber insurance?

Many organizations assume that their exposure to risk is limited, and ask themselves “why would someone hack me?”, if your business tends to assume this position, ask yourself the following questions:

Do we hold sensitive customer data, such as names, addresses, banking information or other confidential records?
Are we reliant on computer systems and/or email and the internet to conduct business?
Do we have a website that’s a store front, sales or support desk for our customers?
Do we operate under a payment card industry (PCI) merchant services agreement

Answering ‘yes’ to any or all of these questions means a cyber-insurance policy should be in place.

Considering Risk Placement Services Cyber Solution

The key risk is not only the lost business and the costs incurred to remedy the breach, but the loss of customer confidence and lasting reputational harm. Good cyber coverage does not just stop with incidents involving electronic or online interference – it should also protect your communications more broadly to include areas like private data and communications, in all the formats you use, electronic or otherwise.

With RPS, Insurance Concepts wants to provide you with the right coverage for your cyber needs, including key benefits:

Policy tailoring and consultation available
Covers private data and communications in many different formats – paper, digital or otherwise
24/7 breach response hotline, meaning you’ll be speaking to a specialist within minutes to help get your business back up and running as quickly as possible.
Also provides extensions to coverage including reputational harm and cyber-crime.

Jennifer Taylor

⭐️ ⭐️ ⭐️ ⭐️ ⭐️

I first heard about Insurance Concepts when my mother-in-law had flooding at her condo in Provo and I saw how excellent Andy was in working with her. I contacted Andy for some quotes and ended up switching our cars, UTV, and home insurance over to Insurance Concepts. Over the years, they have been amazing to work with. They are quick (!) to reply to any questions I've sent their way and to update policies to reflect purchases, sales, new drivers, etc. I like that they have a variety of providers to work with, so they can provide good coverage and premiums for any situation. Most of the time, insurance works in the background to give you peace of mind and cover your liabilities; however, it gets really important when you're in an accident, and that's when you can really see if the coverage you have is up to snuff. I'm pleased to say that when we found ourselves in that unfavorable circumstance, Andy and Maddie were there for us. Recently, one of our daughters graduated from college and got her own car and insurance policy. I recommended that she work with Insurance Concepts because they have been so good to us.

David Milne

⭐️ ⭐️ ⭐️ ⭐️ ⭐️

I had my car stolen, beat up and returned to me by the police two days later. It was a terrible experience. Before I even thought to call Andy Boyer, my guy for the last 18+ years, he texted me that he had submitted my claim. He's always that way; responsive, professional, knowledgable, happy to talk and I guarantee he could be the gecko in an arm wrestle or a bike race. Thanks for checking up on me Andy and caring about me & my family.

Brian McDonald

⭐️ ⭐️ ⭐️ ⭐️ ⭐️

I have been using insurance concepts for 23 years to insure lots of different properties and types along the Wasatch front and Utah. Madison and Andy are amazing to work with. Response, forward looking, problem solving. Highly recomend them.

Annie Schwemmer

⭐️ ⭐️ ⭐️ ⭐️ ⭐️

I've been with Insurance Concepts for 17 years and I have 5 policies with them. They are always quick to respond to my questions or make adjustments to my policies if needed. They're friendly and good to work with, their rates have been good whenever I've compared them to other providers, and when I have claims they go smoothly and are handled well.

Mark Moffit

Thanks, Brian. You are so on top of things compared to agents I've worked with.