Although Cyber Coverage is a critical risk financing component of any business environment – especially those that collect PII or are vulnerable to DOS or ransomware attacks, small home-based business (HBB) have similar exposures. The typical HBB often collects PII and is heavily dependent on uninterrupted ecommerce for survival with minimal computer security. Even the small percentage of HBB that endorse “business” property & liability coverage to their homeowners polices are usually not extended any Cyber Coverage by way of these endorsements.
Although Cyber Coverage is a critical risk financing component of any business environment – especially those that collect PII or are vulnerable to DOS or ransomware attacks, small home-based business (HBB) have similar exposures. The typical HBB often collects PII and is heavily dependent on uninterrupted ecommerce for survival with minimal computer security. Even the small percentage of HBB that endorse “business” property & liability coverage to their homeowners polices are usually not extended any Cyber Coverage by way of these endorsements.