Need cyber liability insurance? Poms & Associates can help.

Poms & Associates has decades of experience underwriting and managing every kind of traditional insurance program you could imagine.

It makes sense, then, that as times change—Poms changes with the times. As an experienced cyber liability insurance broker, we’re on the cutting edge of keeping you covered.

A quick glance at the news headlines will demonstrate that cyber attacks are both persistent and ever more common. By partnering with Poms & Associates, you can make sure you’re protected against a new—and increasingly persistent—threat.



“Working with Poms has been an awesome experience. They have saved me and my employer time and money with their prompt response, strategic marketing of our needs to plan providers, ease of transition to new providers and excellent customer service.”

Sherri Paniagua
Human Resources Manager, Las Virgenes Municipal Water District, Calabasas, CA

What is cyber liability insurance?

Cyber liability insurance is sometimes called data breach coverage or internet liability insurance. It typically covers liability or property losses that can occur as a result of your business engaging in electronic activities such as running an online store or collecting your customers’ personal or private data.

Don’t confuse data breach insurance coverage with technology errors and omissions coverage, which typically protects software and hardware manufacturers, web agencies, and data storage and hosting firms. Cyber liability insurance offers a different set of coverages entirely:

  • Data breach/privacy breach insurance might cover expenses related to investigating and remediating a cyber-attack, or things such as legal costs and regulatory fines.
  • Multimedia coverage typically protects against your website being defaced or otherwise compromised.
  • As “ransomware” attacks increase in frequency—where bad actors hold your data hostage until you pay a ransom—extortion liability coverage may become more and more necessary.
  • Network security liability coverage may insure you against attacks on third parties on whom you depend (for example, data hosts or payment processors.)

Confused? Don’t worry. As your cyber liability insurance broker, Poms & Associates can help you make sense of the tangle of conflicting choices.

Cyber liability insurance—no longer an option, but a necessity

Almost as soon as digital technology began to make its way into the realm of business, unique risks began to arise. Today, cybercrime has become a threat for companies of any size. In fact, many insurance experts now regard cyber-liability as a more significant risk to your business than fraud or theft.

Consider a data breach where your organization loses sensitive credit card data, for example, or personally identifiable information. Your customers might sue. You could be fined by the government. Or you could suffer such a loss in public confidence that it might no longer be possible to run your business. Cyber liability insurance can help protect against all of these scenarios.

And in case you think cyber-attacks are simply the responsibility of your IT team, take a look at recent breaches and get a feel for the fallout. For example, when 70 million Target records were compromised in 2013—not only the CIO resigned, but the CEO as well.

Take a look at these factors as they relate to your business:

  • The number of records containing sensitive personal or commercial information that your business has access to
  • What security controls you have in place around protection and encryption
  • The security strength of the third-party partners on whom you rely for your technology

Then ask yourself this sobering question: Is your business truly protected?

If not, contact your cyber liability insurance broker.

Trust Poms & Associates for cyber liability insurance

You’ve invested in security technology. You’ve mitigated against the risks of a breach. And you’ve drafted and implemented your policies and procedures.

As a next step, your business may wish to consider cyber liability insurance. Our dedicated team will analyze and assess your company’s cyber-operations to help you mitigate your risks of an attack. We’ll then assemble a cyber liability policy which suits your specific needs.


The 5 Pillars of Risk Control

Whatever kind of business you run, there are bound to be at least a few risks involved. Learning how to control those risks not only keeps customers and employees safe, but also benefits your bottom line.

Learn five techniques for controlling risk in your company by downloading your free copy of “The 5 Pillars of Risk Control” today.