Cyber Liability Insurance Archives - Otterstedt Insurance Agency

You’ve Been Hacked. Now What?

Written on October 22, 2025.

Cyberattacks on businesses are becoming increasingly destructive. According to IBM’s “Cost of a Data Breach Report 2025,” the U.S. broke records in 2024, with data breach costs soaring to $10.22 million. That’s up 9% from 2023. The report attributed this surge to higher...

Protect Your Business from Data Breaches and Cyber Security Threats

Written on August 8, 2022.

Businesses regularly collect data relating to their company, employees, clients, vendors, partners, and more. Therefore, protecting your business from data breaches isn’t just for self-preservation but also to protect the data of other sources your company uses. Data breaches are...

Annual Business Insurance Checkup: Make Sure You Have The Proper Coverage

Written on December 22, 2021.

Reviewing your business insurance during an annual checkup is important for ensuring your business is successful and you aren’t missing any coverage. Depending on how your business may have changed or grown since your last review, you should consider examining your policies to see if...

Using Multi-Factor Authentication (MFA) To Protect Your Business

Written on September 28, 2021.

With each separate account requiring you to create a password, it becomes a hassle to remember several different ones, so people tend to make their passwords the same for each account. While this might be okay with a complex password, people often use a simple password that is easy for...

What Types of Insurance Do You Need as a Manufacturing Company?

Written on July 27, 2021.

In the manufacturing industry, having the proper insurance is critical. While every company hopes that all pieces of the manufacturing machine run smoothly at all times, this is not always the case. Manufacturing companies’ needs vary by industry. However, all manufacturing...

What is Commercial Lines Insurance?

Written on February 24, 2021.

You may have heard the term “commercial lines insurance” and wondered what that means. Simply stated, it means the various types of insurance policies that a business can purchase to protect itself. Business insurance needs will vary because every business is unique. Even...

6 Data Breach Risks for Work From Home Employees

Written on May 19, 2020.

Business owners have quite a lot to worry about as more people are working from home and telecommuting than ever before, and will likely continue for some time. Whether the result of COVID-19 stay-at-home regulations or a shift to a more modern workforce, your employees could be...

7 Tips to Help Reduce the Risk of a Data Breach

Written on January 23, 2020.

One of the most terrifying things for all businesses today is the risk of a data breach. According to Forbes, small businesses account for 58 percent of cyber attacks, and the costs of recovering from a breach will put many small businesses out of business. In fact, 60 percent of small...

Is Your Business Susceptible To a Data Breach?

Written on January 30, 2019.

Many business owners mistakenly believe their businesses are too small to attract malicious hackers and others attempting to steal information, money, and more through data breaches. Nothing could be further from the truth. Small Business Trends paints an alarming picture of the...

Why As an Attorney You Need Cyber Liability Insurance

Written on May 1, 2018.

Cyber breaches are increasing in every sector or business in the United States and around the world. This includes cyber attacks on law firms, large and small. What this means for you, as an attorney, is that you are facing greater need than ever before for cyber liability insurance. Why...