Cyber Security Insurance

Protect Your Small Business from Data Breaches, Hacks, and Digital Threats
Serving Businesses Across Delaware, Maryland and Pennsylvania

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In today’s connected world, one data breach can bring your business to a halt. Whether you're storing client information, taking online payments, or just using email, your Delaware small business faces real cyber threats every day.

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At Downes Insurance, we help local business owners get affordable, reliable cyber liability insurance that protects them from the fallout of digital attacks.

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What Is Cyber Insurance?

Cyber insurance (also called cyber liability insurance) helps cover costs related to digital risks like data breaches, ransomware attacks, email phishing, and system hacks. It’s designed to protect your business’s bottom line — and reputation.

Even a single stolen laptop or fraudulent email can expose sensitive information and create major financial and legal problems. Cyber coverage gives you a safety net.

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What Does Cyber Insurance Cover?

Policies can be customized, but here are the most common protections:

• Data Breach Response
  Covers legal fees, customer notification, credit monitoring, and regulatory fines after a data breach.

• Cyber Extortion (Ransomware)
  Helps cover ransom payments, recovery costs, and expert support during an extortion event.

• Business Interruption
  If your systems go down due to a cyberattack, this coverage helps replace lost income.

• Third-Party Liability
  Covers lawsuits from clients, vendors, or partners affected by your data breach or cyber event.

• Media Liability
  Protects against claims of defamation, slander, or copyright infringement in digital content.

• Social Engineering Fraud
  Covers losses if your team is tricked into transferring money or sensitive info due to fake emails or phishing schemes.

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How does cyber insurance work?

Cyber insurance coverage generally falls into two categories: first-party coverage for direct losses to the insured’s business and third-party liability coverage for any losses sustained by others.

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Payments for first-party losses cover the cost of:

• Investigations into the crime or accident

• Recovery of data and computer systems

• Lost revenue from the interruption of business

• Required notification and support of affected parties

• Public relations efforts

• Any ransom payments for cyber-extortion

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Payments for third-party losses pay for damages, settlements, and the cost of litigation, if needed.

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What's not covered by cyber insurance?

Cyber insurance typically excludes any bodily injury claims, potential loss of future profits, and loss of intellectual property.

 

Who Needs Cyber Insurance in Delaware?

Cyber insurance isn’t just for tech companies or eCommerce. It’s crucial for nearly every type of small business, including:

• Retail stores

• Medical and dental offices

• Contractors

• Realtors

• Nonprofits

• Restaurants

• Financial services

• Professional offices (accountants, lawyers, etc.)

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If you store personal data, use online payment systems, or rely on your computers to do business, you should have cyber protection.

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How much cyber insurance does my business need?

The amount of cyber insurance coverage you need will depend on the value of at-risk digital assets, including any databases, proprietary software, financial information, employee or customer information, and intellectual property. You'll also want to take into account third-party costs as well as the need for a public relations response should a breach of sensitive information occur.

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Why Choose Downes Insurance?

We’re your local Delaware insurance partner, not a chatbot or 1-800 number. We get to know your business and find the right policy at the best price from top-rated insurance carriers.

• Based in Milford, DE

• Serving businesses across all of Delaware

• Fast, personalized service

• Access to the best cyber insurance providers in the country

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We work for you, not the insurance companies.

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Real-World Scenario

A small dental practice in Dover was hit by a ransomware attack that shut down their scheduling system and encrypted patient records. Downes Insurance helped them file a claim that covered the ransom, paid for data recovery services, and provided legal counsel.

Without cyber coverage, the costs could’ve forced them to close.

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Get a Free Cyber Insurance Quote in Delaware

Let’s make sure your business is protected from online threats.

Visit us at 1047 North Walnut St, Milford, DE 19963
Call: 302-422-8863