Steve White Insurance Group

Cyber Insurance in Texas

The Steve White Insurance Group offers high-quality Cyber Insurance to businesses in Texas. Get a quote today!

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Steve White Insurance Group

Learn more about Cyber Insurance

Steve White Insurance provides cyber coverage to businesses in Texas.

Cyber Insurance Texas

What is cyber insurance? 

The advent of the digital age has given rise to new risks, and thereby a new type of insurance. Cyber insurance can help protect Texas businesses from a host of online and digital threats.

Cyber insurance provides specialized commercial coverage for digital risks. As these risks continue to become more common, this insurance is becoming more important.

What businesses in Texas should carry cyber liability insurance?

Almost all Texas businesses, regardless of size or sector, have digital information that could be stolen, leaked or lost. Therefore, almost all businesses should have cyber liability in place.

For instance, consider why the following businesses in various industries might benefit from a cyber liability policy’s protections:

  • Financial Advisor: A successful attack gets the names, social security numbers and account numbers of the advisor’s clients.
  • Attorney: Their paralegal accidentally sends a confidential file over to opposing counsel, breaching confidentiality and potentially compromising a case.
  • Doctor: A medical provider’s staff accidentally sends electronic health records to the wrong party, placing the practice in violation of HIPAA regulations.
  • Gas Station: Someone places a credit card skimmer on a gas station’s pump or ATM, and steals customers’ credit card numbers.
  • Remote Worker: A remote worker forgets their laptop at an airport lounge, creating an accidental data breach of whatever information is on the laptop.

Sometimes business owners think their business’s size will help protect them from cyber attacks, but hackers target businesses large and small. Small businesses can be targets since they likely have weaker security measures in place. Even the largest businesses can be hacking targets, because the payoff can be much bigger if an attack is successful.

Cyber Insurance Texas

What coverages do cyber liability insurance policies provide?

At its core, cyber liability insurance generally shields businesses against potential liabilities resulting from data breaches or similar incidents. Some of the coverages providing liability protection are:

  • Employee Privacy Liability Coverage: Usually covers situations where employee personal information (e.g. Social Security numbers, direct deposit information, etc.) is exposed or compromised.
  • Network Security Privacy Liability Coverage: Usually covers situations where a data breach constitutes a breach of federal or state regulation (e.g. HIPAA).
  • Electronic Media Coverage: Usually covers situations where content that’s digitally distributed is deemed to be trademark infringement, plagiarism or defamation.

These sorts of incidents could lead to multiple liability costs, including credit monitoring, lost revenues, restoring files and more. Should there be a covered claim, the applicable liability coverage might cover expenses arising from legal fees, credit monitoring, restoration and other expenses. 

Do cyber liability insurance policies extend protection to other business’s actions?

Sometimes a business’s data is compromised not in its own breach, but rather in a data breach that another business has. For example, data stored on a cloud service could be compromised if the cloud service’s servers are attacked. 

In these situations, the business that actually has the breach generally should bear the brunt of any associated costs. The reality is, however, that the original business entrusted with the data might be sued. A lawsuit could be expensive even if the original business is ultimately vindicated.

Some cyber liability policies provide coverage for such third-party data breaches, but not all policies do. If this coverage is particularly important, businesses should work with a specialized insurance agent to find a policy that offers the protection.

Cyber Insurance Texas

What kinds of incidents are covered under cyber liability?

There’s considerable variance in what incidents different cyber liability policies will cover, but most policies offer protection against multiple digital and online risks. Some examples of incidents that a policy might cover include:

  • Employee theft of digital data
  • Online attack that breaches servers
  • Human error resulting in an accidental breach

An insurance agent specializing in cyber liability insurance can check what incidents a specific policy would likely cover.

Steve White Insurance

Where can businesses in Texas get cyber insurance? 

If you run a Texas business that doesn’t yet have cyber insurance, contact the independent insurance agents at Steve White Insurance. We’ll make sure your business finds protection against many digital and online risks.

Contact the Steve White Insurance Group today!

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Lacy M, Google Review

Steve has consistently provided me and my clients with a high level of professionalism and support. His expert advice has aided in the selection of providers and cost effective insurance solutions. I highly recommend him for insurance services.

Wayne B, Google Review

Steve is a knowledgeable professional. I have been using him for over 5 years and he has saved me money and improved my home and auto coverage. When I have had claims, Steve has been there to help walk me through the process. Since Steve is independent, he is always look for better coverage at a better price. I highly recommend Steve White Insurance.

David B, Google Review

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Mitch P, Google Review

Steve White with Steve White Insurance Group is wonderful! He is extremely knowledgeable and informative in all types of insurance for personal and business. I have him look at my policies and costs every year to make sure I am getting the best possible coverage for the least cost. He has always gone above and beyond to explain the differences in companies, coverage and what he personally would do if it was his family he was covering.
What I appreciate is he is always open and honest. If he can’t get you better coverage and a better rate he tells you! Because of claims I had with my current insurance company 5 years ago he hasn’t been able to get me a lower cost with the same coverage yet. He is very diligent with following up to see if he can get me a better deal the next year. This might be my year!
I would highly recommend Steve and the Steve White Insurance Group. He treats you like you are part of his family and I trust him to always be open, honest and to give me the best advice when it comes to all things insurance.

Kelly M, Google Review

Steve White is incredibly easy to work with and will not stop at any hurdle to find a good fit for your insurance needs. He is personable and friendly, but also professional and respectful. I was very pleased with my experience with Steve and would definitely recommend him to anyone looking for insurance.

Todd P, Google Review