Cyber Insurance Basics

Cyber insurance is protection against damages resulting from electronic threats to your computer systems or data. These threats can result in things like stolen or damaged information and expensive liability and recovery costs. Coverage options include incident response services as well as first-party and third-party coverages. It’s sometimes referred to as cyber security insurance or cyber risk insurance.

Who needs cyber insurance:

  • Retailers
  • Restaurants
  • Marketing Companies
  • Realtors
  • Financial Firms
  • Small Businesses

Cyber Bullying

Nearly 60% of teenagers have been bullied online, while connected platforms like social media, text messages, and games networks make it easier than ever to stay in touch with friends and family, they also present an opportunity for bullies to find targets.

Cyber Bullying Insurance Coverage

A number of insurance carriers now offer coverage for expenses associated with cyber bullying, usually an endorsement on a homeowners or renters insurance policy can reimburse a family for emotional damage, psychiatric services, damaged reputations and more.

Use these tips to address and avoid cyber bullying:

  • Never respond to bullying or harassment, keep records of any offensive messages to use as evidence.
  • Contact law enforcement
  • Change settings in online platforms so teens can only communicate with people they know and trust.
  • Encourage adolescents to talk to an adult about harassment, such as a family member or counselor.

Any type of bullying can lead to long-term emotional damage and health effects, it’s important to learn some common signs of harassment:

  • Sudden changes in social routines and friendships
  • Anxious and nervous  behavior
  • Uncertain feelings about attending school or social events.
  • Unexplained physical symptoms, such as unusual appetites, headaches and weight changes.