Cyber Risk & Insurance Protection | What Every Queens Business Must Know
                     Cyber threats are no longer a problem reserved for large corporations. Today,
small and medium-sized businesses in Queens are just as likely to be targeted
by cybercriminals. Whether you run an e-commerce store, a medical office, or a
local  accounting firm, your  digital  assets  are  at  risk.  If  your  business stores
customer data, processes payments online, or relies on software to operate,
you are vulnerable. 
Cyber risk is growing every year. Hackers are using more advanced tactics to
steal data, freeze operations, and demand ransom payments. A single breach
can  lead  to  financial  loss,  legal  liability,  and  long-term  damage  to  your
reputation. As a result, more Queens-based businesses are searching for ways
to  protect  themselves—and cyber  insurance  is  becoming  a  key  part  of  that
solution. 
Understanding Cyber Risk 
Cyber risk includes any potential  threat to your data,  devices,  and systems.
Common  attacks  include  phishing  emails,  malware  downloads,  ransomware
attacks, and data theft. These attacks can happen to any business, regardless of
size or industry. 
In  Queens,  many  small  businesses  are  now  using  digital  payment  systems,
cloud-based software, and online booking tools. These tools improve efficiency
but also create new entry points for cybercriminals. A single click on a malicious
link can allow hackers  to  gain  access  to  sensitive  information like  customer
records, employee data, or bank account details. 
According  to  recent  reports,  the  average  cost  of  a  cyberattack  for  a  small
business is over $100,000. This includes direct costs such as data recovery and
legal  fees,  as  well  as  indirect  costs  like  customer  trust  loss  and  business
downtime. 
What Is Cyber Insurance? 
Cyber insurance is a policy designed to protect businesses from the financial
impact of a cyberattack or data breach. It covers a range of expenses that can
result from an incident, including: 
 Data restoration and recovery 
 Legal defense and settlements 
 Customer notification and credit monitoring 
 Business interruption losses 
 Ransom payments in a ransomware event 
 Public relations and crisis management 
Many  Queens  business  owners  are  beginning  to  see  cyber  insurance  as
essential, not optional. As digital threats evolve, having the right coverage can
mean the difference between recovery and closure. 
Who Needs Cyber Insurance in Queens? 
If  your  business  uses  the  internet,  stores  data,  or  operates  through  cloud
services,  you need cyber protection. Some of the most vulnerable industries
include: 
 Healthcare clinics and dental offices 
 Law firms and accounting practices 
 Real estate agencies and mortgage brokers 
 E-commerce stores and online retailers 
 Educational service providers 
 Contractors and service professionals who use digital invoices or scheduling 
tools 
Even  businesses  with  strong  firewalls  and  antivirus  systems  are  not  fully
immune. Human error is still a leading cause of cyber incidents. Employees may
accidentally open phishing emails or download harmful attachments. 
How to Choose the Right Cyber 
Insurance Policy 
Not all cyber insurance policies are the same. It is important to work with a
licensed  broker  who  understands  the  specific  risks  faced  by  businesses  in
Queens. Look for policies that include: 
 First-party coverage for direct losses 
 Third-party coverage for customer lawsuits 
 Coverage for both small breaches and large-scale attacks 
 Assistance with regulatory compliance and breach notification laws 
A good policy should also include access to cybersecurity experts who can help
you respond quickly in case of an attack. 
Taking Action Now 
Cyber threats are not going away. In fact, they are becoming more common and
more severe. If you wait until an attack happens, it may be too late to recover.
That is why Queens businesses are now taking proactive steps to protect their
data and their future. 
Cyber  insurance  is  not  just  a  smart  investment—it  is  part  of  responsible
business  planning.  Pairing  it  with  basic  cybersecurity  training,  regular  data
backups, and secure software systems can greatly reduce your risk. 
Talk  to  a  local  insurance  expert  who  understands  the  digital  landscape  in
Queens.  With  the  right  protection  in  place,  your  business  can  stay  secure,
resilient, and ready for whatever comes next. 
(718) 931-4900  igmbrokerage.com  [email protected]