Risk Of A Fire Low… Risk Of A Cyber Attack High

Believe it or not, a small to medium sized business has a greater chance of having a cyber-attack than it does of having a fire. We’re committed to providing insurance solutions that keep small to medium-sized businesses protected. That is why we combine various coverage options into one convenient package – for more benefits than a typical Business policy and better savings through competitive pricing.

According to Symantec, in 2017, the average annual cost of cyber attacks to small and medium-sized businesses was nearly $208,000. Many times a small business does not have the recourses to respond effectively, and about 30% of small businesses are forced to close as a result of a cyber attack. Almost every state now has laws regarding breach notification and identity theft insurance requirements once your business has had a cyber breach.

Cyber Facts For Small Businesses

According to a study by Staysafeonline.org, small businesses are a few steps behind in cyber risk and safety.

  • Two thirds (67%) allow the use of USB devices in the workplace.
  • 77% do not have a formal written Internet security policy for employees.
  • Only 50% say that all of their machines are completely wiped of data before disposal.

Here Are Some Warning Signs Your Business Is At Risk

  • Poor or weak passwords
  • No formal computer use policy
  • Lack of up to date computer security programs
  • People leaving computers on at night
  • No client information storage policy or protocols

Cyber Insurance Options

Most insurers have excluded cyber risks from more traditional insurance policies such as Commercial General Liability (CGL). Some may offer a small amount, but it generally will not be enough. There are many new products on the market that can provide the needed protection. Call our office for more information.


The benefits of our service is to guide you, so we can find the insurance package that best fits your lifestyle. For individuals it might be as simple as getting medical insurance and life insurance for your family. Businesses are a bit more complected when insuring. We can customize business insurance plans to help attract new employees while retaining your current employees.

Roussel Insurance & Financial Services is a recognized leader in the insurance industry. We offer highly competitive insurance rates for both business owners and individual services. With 32 years of experience, we continue to offer our clients exceptional service.

This information is intended for the client, individual or entity to which it is addressed. These articles contain concepts and opinions, and are not intended to represent the consensus of the insurance or risk community, nor to provide professional legal or tax advice. Please seek professional legal or tax counsel before making any decisions. The information provided does not change or modify any insurance policy, only the actual terms of the in-force policies will govern claim settlements.

CONTACT US!

146 N. San Fernando Blvd Suite 203
Burbank, CA 91502
Phone: 818-848-3331
Fax: 818-848-2982
email: info@rousselinsurance.com

This information is intended for the client, individual or entity to which it is addressed. These articles contain concepts and opinions, and are not intended to represent the consensus of the insurance or risk community, nor to provide professional legal or tax advice. Please seek professional legal or tax counsel before making any decisions. The information provided does not change or modify any insurance policy, only the actual terms of the in-force policies will govern claim settlements.




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