Cyber Insurance

Data breaches are one of your company’s greatest exposures.

At First Mid Insurance Group, we believe cyber risks are a matter of when, not if… are you adequately prepared?

Cyber Insurance Basics

Just about any organization that uses technology to do business faces cyber risk. The amount of coverage your business or organization needs depends on your level of risk. Make sure you have the resources to address the potentially devastating impact of a cyber event, including coverage for items such as:

• Legal defense and settlements
• Lost business
• Customer/public notification costs
• Credit card monitoring
• Computer program and electronic data restoration expenses
• Regulatory defense expenses, including fines and penalties
• Computer fraud
• Funds transfer fraud
• E-commerce extortion

Coverage Options

Most coverage options are available as a stand-alone policy or as part of a
comprehensive suite of management liability coverages.

Cyber Risk – For small to large businesses and every organization in between — including financial institutions and nonprofits.

Cyber Coverage for Technology Companies – Broad cyber coverage meeting the complex needs of companies in any industry. This includes errors and omissions coverage.

Cyber Coverage for Public Entities – Suitable for municipalities and counties, utilities, transit authorities, school districts, and other organizations in the public sector.

Cyber Coverage for Small Business – Specifically tailored to protect small businesses and nonprofits from the most common cyber risks.