Do you really need cyber insurance? Find out the risk of leaning heavily on your policy & why cybersecurity risks warrant a more comprehensive strategy.

Today, over 85% of business assets are no longer machinery, vehicles or even computers. Our assets are digital: customer transactions, patient visit histories, financial records for millions of people. And unlike a break-in where they steal your laptops, cybercrime that targets the bulk of our assets can be perpetuated from anywhere around the world.

As a result, businesses lost an estimated $23 million in 2018 to cybercrime, but the loss of your digital assets is hard to quantify. Cyber insurance has stepped in to meet a pressing need. But do you need cyber insurance? And how is cybersecurity insurance re-shaping the situation?

Detroit IT services professional, Chuck Lobert from Vision Computer Solutions helps business owners understand the importance of cyber liability insurance.

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