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Rising Threats to Small Firms
Ransomware, data theft, and business email compromise (BEC) keep hitting small firms. Many small operations lack dedicated cybersecurity. A single outage can halt revenue and drain cash. In times like that, small business cyber coverage can fuel the recovery.
Hartford Rolls Out Integrated Coverage
The Hartford expanded cyber insurance for small businesses on its ICON platform. CyberChoice First Response℠ is now available nationwide, except in Alaska, Louisiana, and Vermont. Agents can quote and bind policies alongside a Spectrum Business Owners Policy. The workflow is digital, fast, and built for brokers.
“Now more than ever, all small businesses can be vulnerable to cyber threats,” said Chris Jones, head of Small Business at The Hartford. “Our enhanced cyber insurance makes it even easier for them to receive customized coverage based on the needs of their business.”
What the Policy Can Cover
The product addresses first- and third-party risks. It includes incident response, forensics, and public relations support. It can reimburse lost income after ransomware downtime. Also covered are data restoration and breach-related liabilities. It offers a 24/7 U.S. hotline. Options include system failure and administrative error protection. Buyers may select limits that fit their risk.
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Why Access Matters to SMBs
Small firms face rising regulatory scrutiny after breaches. Defense costs and fines add up quickly. Streamlined quoting helps buyers act before an incident. Higher limits are easier to obtain through ICON.
Industry Context
Studies show most small firms underestimate cyber risk. Many spend little time or budget on defense. SMB cyber insurance and risk management can close dangerous gaps.
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