News Archive

Cyber Insurance Marketplace firming up

The Cyber Insurance marketplace is heating up and prices are beginning to increase due to the frequency and severity of claims. We have heard stories of 40% premium increases on larger accounts with a reduction of limits available for ransomware claims. Social Engineering coverage is getting hard to find as well. 

If you haven't thought of Cyber Insurance in the past, with the increase of Cyber Crime, this is the time to check the marketplace. We still have insurance companies that have not had rate increases for main street type businesses including dentists, optometrists, podiatrists, attorneys and CPAs. 

Email us at agent@hdiers.com to discuss Cyber insurance for your business.