Long Island businesses are not immune to the national surge in cybercrime. Phishing scams, ransomware attacks and data breaches are happening in our own backyard.
Cybercriminals are increasingly targeting small businesses across Long Island. Yet many remain uninsured or underinsured against these growing risks.
One of the most dangerous assumptions small business owners make is that cybercriminals only go after large corporations. Small businesses are often seen as low-hanging fruit. They typically lack the robust cybersecurity infrastructure of larger firms, making them easier to breach.
What Cyber Liability Insurance Covers
Cyber liability insurance is designed to help businesses recover from the financial fallout of a cyberattack. Coverage typically includes:
- Damage control for your company’s reputation
- Legal fees associated with a cyber attack
- Regulatory notification fees
- Identity protection services for affected customers
- Reimbursement for fraudulent charges
- Stolen data retrieval and recovery
Why It’s Essential for Long Island Businesses
Long Island’s small businesses are the backbone of the local economy. But with increasing reliance on digital tools like online ordering systems, cloud-based accounting and remote work platforms, the attack surface is growing.
Moreover, specific industries, such as health care, legal services and financial consulting, face stricter data protection regulations. For these businesses, cyber insurance may be essential for compliance.
Don’t Wait Until It’s Too Late
Cyberattacks can happen to anyone, at any time. Contact Lupton & Luce to explore your risk exposure and get a cyber liability insurance quote.
This blog is intended for informational and educational use only. It is not exhaustive and should not be construed as legal advice. Please contact your insurance professional for further information.