What is cyber insurance?
You need cyber liability coverage if you could be responsible for or sustain a business loss due to the unintended spreading of malware or a deliberate act that prevents others from gaining access to your computer system through the Internet. We pay your defense for these claims. Data and systems restoration, as well as expenses resulting from a computer attack, are also covered. With cyber risks evolving daily, having the proper protection in place is key.
Why do I need cyber insurance?
In today’s digital world, businesses rely on technology more than ever. That reliance comes increased exposure to cyber threats. Cyber insurance provides a safety net for your business if there are any incidents.
How much does it cost?
Many factors affect the price of a cyber insurance policy, including the type of coverage and the risk you face. Find out how much your cyber insurance policy would cost by getting a free quote!
What does cyber insurance cover?
Acuity provides businesses with trusted protection against the continuing growth of cyber threats. From data breaches to cyberattacks and online fraud, we're here to safeguard your company so you stay focused on what matters most. Below are a few types of cyber coverage.
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Cyber liability coverage is needed if you could be responsible for or sustain a business loss due to, unintended spreading of malware or a deliberate act that prevents others from gaining access to your computer system through the Internet. We pay your defense for these claims. Data and systems restoration as well as expenses resulting from a computer attack are also covered.
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Data breach coverage is if you accidentally lose or release your customers’ personal information; we will pay for data breach response expenses. In addition, we will pay the amounts you are legally responsible to pay along with your defense costs.
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Identity theft coverage pays the costs to repair personal identity. This goes above and beyond what financial institutions will pay.
Do I need any other types of coverage?
While cyber insurance covers a wide range of business risks, you may need other insurance coverages. Acuity believes that protecting your business is a partnership, so we want to ensure you understand what it doesn’t cover. The following areas require other insurance policies offered by Acuity.
Workers's Compensation provides benefits to employees who suffer work-related injuries or illnesses. Acuity offers workers’ compensation insurance to ensure your employees can get back to work.
Commercial Auto provides liability and physical damage coverage for vehicles used in business. If your business owns or leases vehicles or employees drive personal vehicles for business purposes, Acuity can help protect you with commercial auto insurance.
Business Property protects your company’s physical assets against damage or loss due to various risks. Acuity can help protect your building and contents with our business property insurance.
Crime and Fidelity protects your company from financial losses due to dishonest acts by employees or other trusted individuals. Acuity offers crime and fidelity coverage to protect your business from these crimes.
Acuity’s risk management tools
Because Acuity understands your business is unique, we offer access to the tools you need to determine where you’re at risk from cybercrime. If you purchase cyber suite coverages, you have access to risk management tools, best practice sheets, and a news center. If cybercrime is keeping you up at night, the coverages in the Acuity cyber suite, along with our tools at the eRiskHub® portal, will have you sleeping like a baby.
Who needs Cyber Insurance?
Retail
Wholesalers and distributors
Services businesses
Restaurants
Auto repair shops
Landlord & rental properties
Commercial auto insurance
Does your business rely on vehicles to get work done? When an employee is involved in an auto accident our commercial auto insurance protects your business. Acuity would love to keep you working and on the road.
Acuity’s Businessowners Policy – Bis-Pak®
Bis-Pak® is the easiest way to insure smaller businesses. The broad coverage insures buildings, contents, and liability with business income included automatically—all in one simple policy.
Workers' Compensation
No business owner wants to see his or her employees get injured on the job. Rest assured that with Acuity’s workers’ compensation insurance, when an injury does occur, we will take care of your employee by getting them the help they need so they can get back to work.
Equipment Breakdown
Equipment breakdown coverage is no longer simply for your boiler and machinery. Learn about all of the things that Acuity's equipment breakdown can cover.
FAQs
Have questions? We have answers.
Can I get cyber coverage for costs to recreate data, loss of business income, and public relations services? What about third-party coverage for the compromise of data affecting another business connected to mine?
Yes! Our Cyber Suite offers an enhanced coverage package that includes costs to recreate your data, loss of business income, public relations services, and third-party coverage for compromise (or breach) of data affecting another business connected to yours.
What if I only use paper records?
Data compromise coverage includes data stored on paper, such as applications to rent an apartment or employment applications.
What can I learn at eRiskHub®?
The eRiskHub® portal gives you access to resources such as a risk assessment survey, tools to estimate the anticipated cost of a breach, a learning center with articles, white papers, and webinars, and a news center so you can keep up with the latest cyber news.
How do I get access to the eRiskHub®?
Once you've purchased Acuity Cyber Suite coverage, log in to acuity.com, go to the cyber suite resources page, and look for the eRiskHub® banner.
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