Protect Yourself, Spouse and Children From Identity Theft. Click Here To Buy Coverage or Learn About Our Program Now!
The same gadgets and technology that have made life more convenient and help people pass the time, unfortunately can leave you and your family members exposed to a variety of cyber-related attacks.
Online crime is rising fast and anyone that uses the internet, e-mail or smartphone apps risks exposing themselves and their personal data. This risk even extends to your kids downloading apps on their tablets.
Because of this growing threat, some insurance companies have started including certain cyber-specific coverages in their homeowner’s policies, or as a rider. Some of the coverages that homeowner’s insurers have begun offering are:
Digital content coverage – Replaces or repairs affected electronic data property that has been compromised.
Unauthorized charge reimbursements – This coverage protects credit cards from fraudulent charges made without your approval.
Identity access management – Helps with fraud resolution if your identity has been stolen in a cyber attack.
Document recovery – Assistance with retrieving, replacing or recreating lost, stolen or destroyed legal, financial or personal identification documents.
Lawsuit protection – Coverage for allegations of unintended libel, slander, defamation or invasion of privacy.
Additional cyber protection rider
But most of the coverages in homeowner’s policies for cyber issues are not really that comprehensive. Better protection comes in the form an additional cyber protection rider (which has to be paid for separately as a rider to your homeowner’s policy).
Depending on the insurance company, these riders may include coverage for:
- Computer attack
- Home systems attack
- Cyber extortion, and
- Online fraud
Some examples of these types of coverage include:
Cyber extortion and ransomware – Provides payments and professional assistance in responding to cyber extortion demands based on a credible threat to damage, disable, deny access to or disseminate content from devices, systems or data.
Cyber financial loss – Covers online fraud that results in a direct financial loss to you.
Cyber-bullying – Assistance in dealing with online harassment that results in wrongful termination, wrongful discipline from school or debilitating emotional distress.
Cyber disruption – Support for dealing with cyber attacks that prevent you from accessing your home, or attacks that interrupt a small business you run from home.
Cyber breach of privacy – Assistance dealing with theft, loss or unauthorized access to personal data from a cyber attack that results in defamation of character or puts the security of your family and home at risk.
Compromised or destroyed data – Pays to recover data and restore systems that have been lost or damaged due to a cyber attack. This would include attacks involving malware or unauthorized use of owned or leased computers, mobile devices and connected home devices.
Here are some scenarios that a cyber protection rider may cover:
Scenario 1 – Your son receives an e-mail and opens an attached file or clicks on a link that contains a virus that infects the computer, rendering it unusable. You have to hire professional to reformat the hard drive, reinstall the operating system and restore data from the latest back-up. The services cost $900.
Outcome: The professional’s charge is covered by your policy.
Scenario 2 – You receive a pop-up message on your computer after you are unable to access any of your files. The message tells you that all of your data has been locked and encrypted and the only way to unlock them is to pay a $1,500 ransom to receive the decryption code. Further, if you don’t pay promptly, the ransom price will increase by $500 a week and after three weeks the code will be destroyed, and your files will be permanently deleted.
Outcome: The insurer determines the threat is real and agrees to reimburse you for paying the ransom.
BGES Group’s office, located in Larchmont, NY is a full service insurance agency offering, Property, Liability, Umbrella Liability, Business Auto, Bid & Performance Bonds, Inland Marine, Worker’s Compensation, New York State Disability, Group Health, Life insurance, Personal lines and Identity Theft.
BGES Group are Worker’s Compensation Specialists for the States of New York, New Jersey and Connecticut – Issues we address: 1) Lowering pricing – we have specialty programs that can save you up to 40%; 2) Finding a new company; 3) Being cancelled or non renewed; 4) Audit disputes; 5) Company creating fictitious payroll at audit time; 6) Lowering high experience modifications factors; 7) Misclassification of payrolls; 8) Lowering or eliminating renewal deposits; 9) Getting coverage when you’ve been without for a few months; 10) Covering multiple states under one policy; 11) Eliminating 10% service or policy fees; 12) Timely issuance of certificates; 13) Always being able to get someone on the phone or by email when you need to.
Special Contractor Insurance Programs (NY) – We we have 50 insurance companies to market your general liability, umbrella liability, business auto, workers compensation, bid & performance bonds and group health coverages. We help contractors set up proper risk transfer mechanisms. If you’re a contractor we offer extensive information about insurance markets, coverages, risk transfer mechanisms, subcontractor screening, ways to lower your insurance costs that lower them.
New Jersey and Connecticut Contractors: We have a fiercely competitively priced (savings up to 50%) General Liability, Umbrella Liability, Business Auto, Workers Compensation program. Want to lower these costs? Get a quote today!
Identity Theft – Over the past year hundreds of thousands of people have had to deal with identity theft. This has become such a huge problem so we now offer Identity Theft Protection. We heard stories of kids going for car loans and learning they owe $200,000+ to companies they never heard of. Under our program you can protect yourself, spouse and up to 10 children. Anyone you know can purchase this protection though our plan! Click here to learn more or sign up.
If you would like to speak with us call Gary Wallach at 914-806-5853 or click here to email or click here to visit our website.
Company: BGES Group, 216A Larchmont Acres West, Larchmont, NY 10538
e-mail: bgesgroup@gmail.com
website: http://www.bgesgroup.com
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