hacker, attack, mask-1872304.jpg
By: Don Monistere

Cybersecurity Insurance – Who should I talk to?

Many companies are becoming aware that cybersecurity insurance is no longer optional, and it most definitely is not as cheap or as easy to obtain as the past.  In fact, many companies are being dropped from their current policy.  Why is this happening?  Well, the standards for “normal” cybersecurity protection have drastically increased and the minimum requirements often times are not being met by the insured.  As the CEO of a growing IT Managed Services Provider,  I can help you enhance your data protection, but I am not your guy for insurance.  In fact, you would be surprised how many businesses ask me who to turn to for cybersecurity insurance. 

While we often assist customers with applications or aid them in third-party audits, we are not the folks who understand how the underwriting process for cybersecurity policies works or types of coverage available.  We have worked closely with one of our customers and providers, Eagan Insurance Agency, LLC as well as other folks that specialize in cyber polices like Data Stream.

The average cybersecurity insurance claim cost for a small to medium enterprise is $345,000.

DataStream are the true experts in Cybersecurity Insurance. With a singular focus on this complex field, they deliver unparalleled service and a detailed individual cyber risk analysis based on the industry’s best practices. Their cyber risk model incorporates over 3,000 potential risk factors and is derived from the world’s largest data set of cyber losses, covering nearly 1 million companies and over $10 billion in insurance premiums. Plus, they have a really handy tool to evaluate your risk. While they may not offer other insurance services, DataStream is your trusted partner for Cybersecurity Insurance. 

Whether you do business with someone like Eagan Insurance Agency LLC, who can handle your Cyber liability as well as many of your other lines of business, or someone like DataStream that focuses only on Cyber, you need to seriously consider protecting yourself against a cyber attack.  In the event that the first line of defense was not enough, having an insurance plan that is robust and covers the cost of getting your environment back in working condition is well worth the peace of mind it can give.  

Considering cybersecurity insurance? Check out the Top 5 Cyber Insurance myths: submit the form to download!

"*" indicates required fields


Spread the word

Get Connected:

Meet the Author: Don Monistere

Don Monistere is an Entrepreneur, Published Author and Accomplished Executive. Monistere is the CEO and President of General Informatics. Monistere joined the General Informatics team in 2020 and has been actively growing its reach since. General Informatics is one of the fastest growing IT services providers in the Southeast and is considered the leading IT partner for businesses, schools, government agencies, and for the financial and maritime industry. Monistere has been involved in Information Technology since the early 90’s. Having served as the CEO and President of Vista Information Systems from 1993 to 2008, at TekLinks from 2008 to 2018 serving as the President the last two years, before being Acquired by CSpire. Monistere continued to serve as Senior Vice President at CSpire until 2019. Monistere then served at ibml as a member of their Executive Leadership team and Chief Operations Office. Monistere is the author of Enhanced Life Performance and Enhanced Executive Performance and is currently in the process of releasing his third book of the series, Enhanced Corporate Performance. Monistere has been an active member in the community with his philanthropic pursuits with education performance in City Schools and continuous contribution to the National Association of People Against Bullying. Monistere earned a Bachelor of Science in Management with a Minor in Economics from Southeastern Louisiana University and a Master of Business Administration from Aspen University.

Recent Posts

Why do I need Cybersecurity Insurance?

Cybersecurity insurance is an important part of any business’s risk management strategy. We will talk more about creating a Risk Management Program a bit later in a future blog, but the need for insurance continues to increase. Cyber threats are becoming more sophisticated and widespread, and with the potential for serious financial losses from even

Read More »

Why You Need a vCISO

These days, more than ever, having a Chief Information Security Officer is becoming a necessity as cyber-attacks continue to rise.  There is a rapidly growing list of organizations embarrassed with what seems like one breach announcement after the other, including some companies considered to be among the most sophisticated.  I mean, when a company that

Read More »
Scroll to Top

We'd like to hear from you — contact us today.

Whether you need IT services, new technology, or just have a question – we’re here to help. Please fill out our contact form or call us at 800-259-3412 and a technology advisor will assist you.

"*" indicates required fields

Please let us know what's on your mind. Have a question for us? Ask away.