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3 min read
You insure your property. You insure your vehicles. You even insure against general liability. But what about the risk that’s growing faster than any other and often hiding in plain sight?
Cyber liability insurance is no longer a “nice to have.” It’s a business essential. And yet, too many companies, especially small to mid-sized businesses, are leaving themselves exposed.
The Rising Threat of Cybercrime in Texas and Beyond
Cyberattacks are no longer rare or random. They’re constant, targeted, and increasingly sophisticated. In fact, Texas ranks among the top states for reported cyber incidents, with small and mid-sized businesses often hit the hardest.
- Ransomware attacks can lock down your systems and demand tens or hundreds of thousands in payment.
- Phishing scams can trick even the most cautious employees into handing over credentials.
- Data breaches can expose sensitive customer or employee information, triggering legal and regulatory nightmares.
And the worst part? Many businesses don’t realize their general liability policy typically doesn’t cover cyber events until it’s too late.
What Cyber Liability Insurance Actually Covers
Cyber insurance is designed to protect your business from the financial, legal, and reputational fallout of a cyberattack. A strong policy can include:
- Ransomware and extortion payments
- Data breach response (including customer notification and credit monitoring)
- Business interruption coverage
- Legal defense and regulatory fines
- Third-party liability if your breach impacts clients or partners
Did You Know?
Many general liability policies exclude cyber-related incidents. Cyber insurance fills that critical gap.
Why Businesses Overlook Cyber Coverage
There are a few common myths that keep businesses from getting the protection they need:
“We’re too small to be a target.”
In reality, small businesses are often seen as easier targets by cybercriminals.
“We already have IT security.”
Firewalls and antivirus software are important, but they can’t prevent every breach. Insurance is your financial safety net.
“It’s too expensive.”
The cost of a policy is often far less than the cost of recovering from an attack.
Why SWBC Insurance Services Is Different
At SWBC, we’ve been protecting Texas businesses for over 45 years. Cyber threats may be new, but our commitment to your security isn’t.
We’re proud to be one trusted name for business services, offering a full suite of solutions that help companies thrive in a complex world.
What sets us apart?
Certified Insurance Counselors (CIC) on staff
Our team brings deep expertise and a consultative approach to every policy.
Tailored coverage
No two businesses are alike. Neither are our policies.
Local and loyal
We understand the unique risks Texas businesses face because we’re one, too.
What’s Really at Stake
Cyberattacks don’t just cost money. They cost trust. They cost time. They cost reputation.
Imagine losing years of customer data, having to tell your clients their information was compromised, or watching your operations grind to a halt for days or weeks.
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