What We Cover
Cyber attacks aren’t just a big-company problem anymore. 43% of cyber attacks now target small businesses, and 63% of small businesses experienced a data breach in the last 12 months. A single ransomware attack can cost tens of thousands in recovery, lost revenue, and regulatory fines — and most general liability policies explicitly exclude cyber events.
Collin County Insurance Group offers standalone cyber insurance through an 8-carrier cyber rating platform that gets you competitive quotes in minutes, not weeks.
The Cost of Going Without
The average data breach costs a small business $120,000–$150,000 when you add up forensic investigation, customer notification, credit monitoring, legal fees, regulatory fines, and lost business. Most small businesses that suffer a major breach and lack insurance never fully recover. Cyber insurance converts that catastrophic risk into a manageable annual premium — typically $1,000–$3,000 for a small business.
Who Needs Cyber Insurance
If your business uses email, processes payments, stores customer data, or relies on technology to operate, you need cyber coverage. We insure:
- Any business that stores customer information — names, emails, Social Security numbers, payment data
- Technology and IT companies — software developers, MSPs, SaaS providers
- Healthcare practices — HIPAA-regulated patient data
- Financial services — client financial records and transaction data
- Retail and e-commerce — payment card processing (PCI compliance)
- Professional services — law firms, accounting firms, consultants
- Manufacturing — operational technology and industrial control systems
- Nonprofits — donor data and organizational records
What We Cover
Data Breach Response covers the costs of responding to a data breach: forensic investigation, notification of affected individuals, credit monitoring, public relations, and legal counsel. These costs can easily reach $50,000–$200,000 even for a small breach.
Ransomware and Cyber Extortion covers ransom payments (when advisable) and the costs of restoring your systems after a ransomware attack. This is currently the number-one cyber threat to small businesses.
Business Interruption replaces lost income when a cyber event shuts down your operations. If you can’t process orders, serve customers, or access your systems, this coverage keeps your business afloat.
Cyber Crime and Funds Transfer Fraud covers losses when criminals trick your employees into wiring money to fraudulent accounts — one of the fastest-growing attack types.
Third-Party Liability covers lawsuits from customers, clients, or business partners whose data was exposed in your breach.
Regulatory Defense and Fines covers legal defense costs and potential fines from regulatory investigations (HIPAA, PCI, state privacy laws).
Our Cyber Advantage
Through Combined Group’s cyber rating platform, we access 8 top cyber carriers simultaneously:
- Ascent
- Westchester
- Tokio Marine / HCC
- Corvus
- At Bay
- Brit
- Axis
- Coalition
This means we can compare coverage forms and pricing side-by-side and recommend the best fit for your specific risk profile — something most agents can’t do because they only have one or two cyber markets.
Why Choose Collin County Insurance Group
Cyber insurance is evolving rapidly, and coverage forms vary dramatically between carriers. Some policies exclude ransomware, some don’t cover social engineering fraud, and some have sub-limits that make the coverage nearly useless for common claims. We know which carriers offer the broadest forms at competitive prices and can often bundle cyber with your E&O or business package for additional savings.
What Happens When You File a Claim
When a cyber event occurs, you call a 24/7 breach response hotline staffed by the carrier’s incident response team. They deploy forensic investigators, legal counsel, and PR specialists — often within hours. You don’t have to find these vendors yourself or pay out of pocket while waiting for reimbursement. The carrier manages the response and pays the costs directly. That immediate, expert response is often the most valuable part of the policy.
Ready to protect your business from cyber threats? Contact us for a free quote today.
