Think You Are Safe from Cyber Criminals in the Construction Industry? Think Again!

November 19, 2019 News

The Team at Business Insurance Center Weighs In

The construction sector is a hard-driving force within the American economy. From residential homes, to apartment complexes to office buildings and warehouses, general contractors and skilled tradespeople spend their time and energy creating edifices for the rest of us. It would be simple to think that using hammers, drills, and excavating equipment would mean a company is safe from cyber thugs. In reality, the opposite is true. Small businesses are at risk of hackers and ransomware attacks like larger companies, and possibly more so because many criminals realize that smaller enterprises may not have the appropriate measures in place to keep them safe.
The experienced brokers at the Business Insurance Center recommend that you contact us to discuss how a cyber liability insurance policy can help you if your company is attacked by cybercriminals. We work with an extensive range of industries, including the trades. Let us help you keep your business safe.

3 Simple Steps to Thwart a Cyber Attack

A recent BusinessInsurance.com article outlined the need for the construction sector to take cybercrime seriously. More specifically, Scott Takaoka, one of the speakers at a Construction Risk Conference in Seattle, Washington, encouraged these three steps:

  1. Purchase a Cyber Liability Policy: When you have this type of coverage in place, you have help if a data breach occurs. The types of coverage include hacksurance, cyber theft and cyber fraud, and computer data loss. A broker from the Business Insurance Center can sit down with you and discuss the right coverage for your industry and your needs.
  2. Choose a Team in the Event a Problem Occurs: Having someone in charge of cybersecurity with the ability to step in if and when an event occurs will be a lifesaver. If you are a small business owner, you may have to wear many hats at once, but this one should be left to someone who can dedicate their time and attention to your IT system.
  3. Discern What Your Assets Are: Besides your building, trucks, and equipment, your employees are considerable assets to your enterprise. They are also the ones on the front lines of potential cyber hacks. They need to know what to look out for in a phishing email and how to avoid opening them.

Protect Your Construction Company with Cyber Liability Insurance from the Business Insurance Center

Stop thinking your company is exempt from cyberattacks. On the contrary, your organization may be ripe for the picking if you do not have the right measures in place, including a cyber liability insurance policy. Talk to the team at the Business Insurance Center to see where your current coverage has gaps and how we can help you fill it.

Request a quote or call and speak with a knowledgeable and experienced broker at the Business Insurance Center. We have a 24/7 call center to serve you and an online Live Chat operator. We serve the entire United States.

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