Cyber Insurance Myths vs. Facts: What Every Business Owner Should Know

Cybercrime is growing faster than ever — and yet, many business owners still believe myths that leave them vulnerable. Let’s separate fact from fiction when it comes to cyber liability coverage.

Myth #1: General Liability Covers Cyber attacks

Fact: General liability policies are designed for physical risks, not digital ones. If your business suffers a data breach, ransomware attack, or phishing scam, only a dedicated cyber liability policy will protect you from those losses.

Myth #2: Small Businesses Aren’t Targets

Fact: Cybercriminals often target small and mid-sized businesses because they have fewer defenses in place. In fact, a single ransomware demand could threaten your operations overnight.

Myth #3: IT Security Alone Is Enough

Fact: Firewalls and anti-virus software are important — but they can’t guarantee 100% protection. Cyber insurance acts as your financial safety net when preventive measures fail.

Myth #4: Cyberattacks Only Cause Data Loss

Fact: A cyber incident can mean legal costs, business interruption, reputational harm, and even regulatory fines. Cyber liability insurance helps cover these wide-ranging expenses.

Don’t Let Myths Put Your Business at Risk

Cyber threats aren’t going away — but with the right coverage, your business can stay protected. At TSIA, we help companies of all sizes find cyber insurance solutions tailored to their needs.

Call The Secret Insurance Agency in Totowa, NJ 973-812-7327 to talk about protecting your business from digital risks.