Insurance
ITS provides all aspects of insurance for your business. We work with the top insurance providers in the industry to find you the best coverage at the best price.
Commercial property insurance is vital coverage for any business that owns or rents physical space, has assets to protect, or is at risk of business disruption due to property damage. It helps safeguard a company’s property and ensures that it can recover and continue operations if the worst happens. Given the wide variety of policies and coverage options available, we evaluate your specific needs and risks to help you choose the best coverage and provider available.
Commercial liability insurance is essential for protecting businesses from the potentially devastating financial impacts of lawsuits, claims, and accidents. Whether it’s covering bodily injury, property damage, professional negligence, or other types of liability, this insurance helps ensure that your business can continue to operate, even in the face of legal challenges. Given the wide range of risks that your business can face, we create a customized tailored solution to suit your specific needs coupled with a bi-annual review of your policy to ensure it remains sufficient as your business grows.
Commercial auto insurance is crucial for any business that uses vehicles as part of its operations. It provides coverage for accidents, damages, theft, and legal liabilities, ensuring that your business and its assets are protected while on the road. Given the potential risks, it's essential to tailor your commercial auto policy to meet the specific needs of your business, whether you're operating a fleet of delivery trucks, using vehicles for fieldwork, or simply having employees using their personal vehicles for business tasks. By understanding the types of coverage available and the factors that influence cost, you can ensure that your business is adequately protected.
Cyber insurance is an essential risk management tool for businesses in today's digital age, where cyber threats are an increasing concern. It provides critical financial protection against the costs associated with data breaches, cyberattacks, and other technology-related incidents. With the right policy, businesses can protect themselves from the financial and reputational damage caused by cyber events, ensuring business continuity and compliance with data protection laws. Given the complexity of cyber risks, businesses should assess their unique vulnerabilities and work with an insurance broker to tailor their cyber insurance coverage to their specific needs.
Why Your Business Needs Cyber Insurance
Increasing Frequency of Cyberattacks
Cyber threats are growing in sophistication and frequency. Ransomware, phishing attacks, data breaches, and other types of cybercrime are common, and the financial costs of such incidents can be overwhelming for businesses without insurance.
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Compliance with Data Protection Regulations
Many businesses are subject to data protection laws (e.g., GDPR, CCPA, HIPAA) that require them to protect customer data. In the event of a data breach, cyber insurance can help cover the costs of compliance, legal fees, and potential fines.
Risk Mitigation
Cyber insurance helps businesses mitigate the financial risks associated with data breaches and cyberattacks. This protection is critical for small and medium-sized businesses (SMBs) that may not have the resources to withstand the financial fallout of a cyber event.
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Reputation Management
A cyber event, such as a data breach, can severely damage a business's reputation. Cyber insurance can help cover the costs of public relations efforts to manage and repair your reputation after an attack, helping to maintain customer trust.
Business Continuity
Cyber insurance can help ensure that your business can recover quickly from a cyber event. Coverage for business interruption, data recovery, and crisis management ensures minimal disruption to operations, even in the event of an attack
Costs of Cyber Insurance
The cost of cyber insurance can vary depending on several factors, including
Size of the business
Larger businesses or those with more data and operations may pay higher premiums due to the increased risks.
Industry and type of data handled
Businesses in industries like healthcare, finance, or e-commerce that handle sensitive customer data are often seen as higher-risk and may pay higher premiums.
Level of coverage
Policies with higher coverage limits and more extensive protection generally come with higher premiums.
Cybersecurity posture
Businesses with robust cybersecurity measures in place (firewalls, encryption, multi-factor authentication, employee training) may qualify for lower premiums.
