Protect Yourself & Your Clients With Cyber Liability Insurance

In our ever-growing digital age, large and small businesses throughout the Carolinas and the Southeast are equally at risk for data breaches, both internally and externally. What most business owners do not know, however, is that a general liability policy or other general policy does not cover losses associated with technology and Internet exposures.

At Correll Insurance Group, we advise all businesses to consider cyber liability protection. We understand risk management and know how to create a business coverage portfolio that fits within your budget. With offices throughout the Carolinas, you are sure to find an independent insurance agent near you who can help your business get coverage at a competitive price.

Cyber Breach Examples

Whether you are in the healthcare industry, the financial industry, or other niche areas, you are at risk for data breaches. Some of the more common issues that cyber liability insurance covers include:

  • Intellectual property (IP) theft by an employee
  • Cyber attack by a hacker
  • Download or transmission of a virus, Trojan, or other program
  • Allegation of defamation or other personal injury as a result of a statement on your company’s website, internal email communication, or other statement
  • Breach of confidentiality through an unencrypted system

These examples are only the beginning of a long list of events this coverage protects your business against. From here, it is important to understand what costs this insurance covers.

Coverage Provided By Cyber Liability Insurance

In general, cyber liability insurance covers two general categories of protection:

  • “First party” coverage: First party coverage, sometimes referred to as cybercrime coverage, covers out-of-pocket costs to keep your business running, including business interruption insurance, breach notification costs and reputation management costs, regulatory fines and penalties.
  • “Third party” coverage: Third party coverage, most often referred to generally as cyber liability insurance, provides protection for costs related to legal liability stemming from a breach.

As mentioned before, the costs stated here will fall on your business if you do not have cyber insurance in place.

Ways To Keep Cyber Liability Premiums To A Minimum

We know business owners, especially small and medium sized businesses, worry about adding a new insurance cost on top of existing business expenses. However, it is important to remember that one cyber breach can lead your company into bankruptcy.

While cyber liability coverage is generally affordable already, there are some simple steps you can take to decrease your risk, including:

  • Encrypting information on your laptops. Did you know the average value of a lost laptop is nearly $50,000? You can cut that loss by at least $20,000 through encryption.
  • Create Internet usage and social media policies. These policies allow you to identify what is important to you and what steps you and your employees must take to protect your company’s information.
  • Set up a firewall to protect your network. Ensure your firewall equally protects internal and external networks, as well as computers, laptops and mobile devices.
  • Learn how to create strong passwords. A weak password can welcome in a hacker faster than you realize. Create strong passwords (longer passwords, using upper and lowercase letters, numerals and symbols). Change your passwords on a regular basis.

Learn More About Cyber Liability Insurance For Your Business

Correll Insurance offers business insurance programs that include cyber liability and cybercrime coverage. Learn more about how your business can benefit from this type of protection by reaching out to one of our offices.

Office Locations  Get A Cyber Liability Quote

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You may also call (864) 583-5445 to speak to an agent.

Requesting a quote is not a guarantee of coverage. All coverages are subject to the terms, conditions, and exclusions of the actual policy issues. Not all policies or coverages are available in every state.

These people go above and beyond to help you get what you need. They find you the best policies with the best prices. We have personal and business polices with them (John T. Cook & Associates-Myrtle Beach).


Find A Local Agent

Looking for a trusted insurance partner you can count on? Look no further. Correll Insurance Group is here to serve you as we have served many generations throughout the Carolinas over the past 90 years. Our teams of independent insurance agents look forward to providing competent, competitive, and caring service that’s also convenient for you or your business.

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Adams, Eaddy & Associates

Columbia, SC
(803) 254-9404
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Bowery Insurance Services

Kingsport, TN
(423) 288-8347
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Carolina Insurers Associates

Tabor City, NC
(910) 653-8835
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Cashiers Insurance Agency

Cashiers, NC
(828) 743-2209
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Carter Glass Insurance Agency

Raleigh, NC
(919) 781-1973
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Chandler Insurance

Greenville, SC
(864) 232-1591
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Citizens Insurance Agency

Anderson, South Carolina
(864) 226-0354
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Correll Insurance Group of Charleston

Mt. Pleasant, SC
(843) 486-8711
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Correll Insurance Group of Gaffney

Gaffney, SC
(864) 489-5788
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Correll Insurance Group of Hilton Head

Hilton Head Island, SC
(888) 668-8082
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Correll Insurance Group of Inman

Inman, SC
(864) 472-2129
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Correll Insurance Group of Rock Hill

Rock Hill, SC
(803) 324-2984
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Correll Insurance Group of Spartanburg

Spartanburg, SC
(864) 583-5445
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Correll Insurance Group of Union

Union, SC
(864) 429-8819
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CWS Insurance Agency

Spartanburg, SC
(864) 583-1451
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CWS Insurance Agency - Gaffney

Gaffney, SC
(864) 583-1451
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David A. Crotts & Associates

Greenwood, SC
(864) 223-8788
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Fields Insurance

Columbia, SC
(803) 708-3775
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Gardner Associates Insurance

Columbia, SC
(803) 978-2000
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Godwin Insurance Agency

Greensboro, NC
(336) 379-8640
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Insight Risk Management—Collins

New Albany , MS
(662) 534-7676
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Insight Risk Management-Cordova

Cordova, TN
(901) 278-5375
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Insight Risk Management-Marion

Marion, AR
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Raleigh, NC
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J. Mark Bowery Insurance

Kingsport, TN
(423) 288-8347
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Jerome and Summey Insurance Agency

Brevard, NC
(828) 884-4161
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John T. Cook & Associates – Loris

Loris, SC
(843) 756-7460
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John T. Cook & Associates – Myrtle Beach

Myrtle Beach, SC
(843) 626-9491
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Landrum Insurance Agency

Landrum, SC
(864) 457-3328
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Lowcountry Insurance & Financial Services

Pawleys Island, SC
(843) 237-1353
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Lowcountry Insurance Services

Port Royal, SC
(843) 522-2020
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McB Group Insurance Group

Pittsboro, NC
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McInturff, Milligan & Brooks

Greeneville, TN
(423) 639-5171
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The Phoenix Company

Winston Salem, NC
(336) 765-9332
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SFI Group - Sneads Ferry

Sneads Ferry, NC
(910) 327-3388
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Smith-Berclair Insurance

Memphis, TN
(901) 753-4323
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SouthPoint Risk-Nashville

Nashville, TN
(615) 356-3212
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SouthPoint Risk-Clarksville

Clarksville, TN
(931) 647-6400
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SouthPoint Risk-Dickson

Dickson, TN
(615) 446-2814
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SouthPoint Risk-Knoxville

Knoxville, TN
(865) 584-1115
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SouthPoint Risk-Maryville

Maryville, TN
(865) 983-3872
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SouthPoint Risk-McMinnville

McMinnville, TN
(931) 473-9641
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SouthPoint Risk-Russellville

Russellville, KY
(270) 726-3638
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SFI Group - Surf City

Surf City, NC
(910) 329-4443
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The United Insurance Agency

Laurens, SC
(864) 984-4548
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WC Dillon Company

Nashville, TN
(615) 269-7887
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Parks & Associates Insurance, LLC

Dover, TN
(931) 232-9919
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