cyber insurance for small business

Common Cyber Vulnerabilities Small Businesses Face

No matter how big or small your business may be, there is a growing trend of cyber liability risks. Even if you do most of your business outside of the digital world, you may still find yourself victim of a data breach. Being aware of common cyber liability risks can help you prevent them in the future.


A Stolen Laptop

If your employees bring their laptops to and from the workplace, there is a chance that it can be stolen. Accidentally leaving their work laptop unattended can be a opportune time for it to be swiped. A stolen laptop is extremely common, and unfortunately, it can be extremely detrimental to your business. The thief can gain access to important files and sensitive information that may but your company at risk.


Employee Behavior

It’s possible that one of your employees could be the reason why your private information is suddenly being leaked. Your employee could be the culprit behind a data breach. Your employee could be selling sensitive information, such as social security numbers and credit card numbers, for personal gain. Your employees may even be doing this without malicious intent. They may be accidentally giving away private information without realizing it.



There are plenty of cyber hackers that try to gain access to small business’s information. While you may feel as though your business is too small or irrelevant to be targeted, every business is a possible target. Many hackers prefer to target small businesses because many small businesses do not have defense mechanisms in place to prevent hacks. Small businesses are the perfect target, which is why it’s crucial that you take measures to prevent cyber hacks.


Data Loss or Corruption

Sometimes, data just gets lost or corrupted. Due to no any one fault of the business owner, data and technology can be lost. Imagine those situations where you plug in your USB flash drive and all of your data is corrupted. Something like that on a larger scale could have a huge impact on your business.


Spyware and Viruses

Cyber attacks can take the form of spyware. This is a virus that can find sensitive information of an employee’s computer and send it to the hacker. Spyware can get onto your computer as easily as opening a spam email or clicking a link. Fortunately, with some common sense, education, and strong defense systems, spyware and other viruses can be prevented. Viruses are a huge cyber liability, but they can be prevented.


There are some things you can do as a business owner to prevent a data breach. Some of the steps can be as simple as changing your password regularly. Check out our article on some ways to prevent cyber liability risks!

However, sometimes as much as you try to prevent a data breach, it may not be unavoidable. If something does happen to your business’s data, then it’s best that you have cyber insurance plan in place. Cyber insurance helps cover some of the damages caused by a hack or leaked information. These could include:

  • Loss of data
  • Business interruption
  • Identity theft
  • Cyber extortion
  • And Reputation Recovery

Without cyber insurance coverage, you may be faced with these costs on your own. It’s always better to be prepared for a cyber attack before it happens. Because every business has differing needs, it’s best to talk to your insurance agent about the best coverage for your business. They can help assess the coverage you need to adequately protect your business from cyber liabilities.


Call an Encharter Insurance agent at 888.754.8299 to discuss cyber liability coverage and to get any questions or concerns addressed!

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