Cyber Liability Insurance

What is Cyber Risk?

Cyber Risk derives from the use of the Internet as a tool to conduct e-commerce and general business operations. Common exposures include (but are not limited to):

  • Data/security breach
  • Copyright or trademark infringement
  • Data destruction and/or corruption as a result of a virus
  • Cyber extortion & Ransomware
  • Hackers, worms, and other cyber meddlers
  • Firewall and network security attacks

Why should I buy Cyber Risk Insurance?

If your business uses the Internet, it is exposed to risk that may not be covered under your current commercial insurance policy. In fact, typical General Liability policies often do not cover activities associated with Website Publishing or Network Security.If lack of coverage from existing policies is not enough encouragement for you to purchase Cyber Risk Insurance, then consider the following statistics:

  • The average per record cost of a data breach is $214 per customerCyber Insurance
  • According to a national survey, many business do not have the tools
    or procedures in place to detect identity fraud, including an incident
    response plan, vendor management procedures, or data encryption for
    personally identifiable information.
  • Most victims do not even know their data was compromised. 86% of the breaches were discovered by a third party.
  • 92% of breaches were from external sources. Over 80% from
    overseas; organized crime accounts for 58% of external breaches.
  • There are Regulatory Requirements that apply to most
    organizations today. Data Breach Notification Laws are in effect in
    most states today that require notification of customers in the event of
    a data breach. The Red Flags Rule is being enforced by the Federal
    Trade Commission (FTC) that requires organizations to have Identity
    Theft Protection Programs in place (or be subject to penalties or fines).
    The compliance costs to notify customers as well as the risk of incurring
    fines/penalties can drive business costs.

Please contact us here, or call one of our agents @ 937-698-4101 to discuss your Cyber Liability options.


As a locally owned and operated insurance agency serving West Milton, Tipp City, Troy, Englewood and the entire region of greater Dayton, Ohio, Hamler Gingrich Insurance is committed to providing quality insurance products for individuals and businesses. In 2013, we merged with Favorite Insurance Agency in Tipp City, Ohio, extending our family and our coverage area to serve you better....   Read More »

Contact information

102 North Miami Street
West Milton, OH 45383

115 S Tippecanoe Dr
Tipp City, OH 45371