Cyber Insurance


For When Your Cyber Needs to Be Insured

At Tcom Solutions we take an overall approach to Cyber Security that starts with the old adage, “It’s not a matter of if your organization will experience a data breach, but when.”

Hackers across the globe are looking for ways to get rich quick by defrauding businesses… any size business.

Unfortunately a company’s most valuable assets, their employees, frequently fall prey to such criminals. Statistics abound showing the chance of a breach, the threat of ransomware, the weakness of human capital, the costs associated with a breach and the subsequent ransomware requests.

The end result of all this chaose is a company shelling out a lot of money — think hundreds of thousands to millions — to be made whole again.

Unfortunately, 60% of small businesses don’t survive an attack like this. That’s why Tcom Solutions makes it a priority to include several products and services within our Cyber Security offerings that address this risk and the management of that risk.

With Cyber Insurance, you’ll be better positioned to mitigate the impacts of a cybersecurity incident if and when it occurs.

Some may feel that if a data breach is inevitable, what’s the point of cyber insurance? Or you may think this insurance isn’t relevant to your industry, and the data you manage or that hackers aren’t interested in “small” businesses.

But the truth is cyber insurance coverage is relevant to all businesses and data types today, and it makes a huge difference in the event of a cybersecurity incident.

Cybercriminals find value in almost everything. A recent cyber claims study indicates the following data is at risk:

Payment Card Industry (PCI) (14%)
Protected Health Information (PHI) (15%)
Critical files (15%)
Personally Identifiable Information (PII) (26%)
All others (30%)

As you can see, personal information like Social Security Numbers, birthdates, bank account information, credit card information and addresses are highly sought after. Cybercriminals’ main goal is usually identity theft of individuals and businesses. However, nearly every day brings news of cyberattacks of all kinds, even aimless attacks like “Zoom-bombing” or even entry through your communications systems.

The cost of a cybersecurity incident could be in the low hundreds to millions of dollars, according to the cyber claims study.

First, you’ll need incident response and forensic analysis to discover what data was lost. Then, you must handle any mandatory notifications and reports. Further, you’ll likely need to manage public relations and your reputation, and you may lose customers or have diminished customer acquisition rates. On top of that, expect costs associated with counsel and litigation.

For an idea of how this breaks out, Ransomware attacks alone average over $713,000 per incident, according to Kaspersky Labs latest research. On top of that, the cost of downtime, including incident response, is 23 times greater than the actual average ransom – and 50.6% of those who pay don’t even recover their data, leading to higher costs!

According to, even the smallest businesses suffer from cyberattacks that cost them upward of $84,000 to remediate- and that doesn’t include all the collateral damage!

Crisis services include forensics, credit monitoring, notifications, legal guidance/breach coaches and other related expenses.

When it comes to cybercrime, small and large businesses of all industries are at risk. Cybercriminals target small companies as well as large, million-dollar companies. In fact, according to, 61% of the time, the primary targets are businesses considered small or midsize.

This is usually due to the expected vulnerabilities of smaller companies. Hackers assume that smaller companies have fewer protective measures in place, and they can assume similar trends based on industry.

Tcom Solutions offers several advantages to their clients that most other Cyber Security companies don’t even address.

The first is an added protection program (NOT INSURANCE) that acts as a service warranty when you implement the Secure Cyber Shield™ with all our recommendations and maintain them on an ongoing basis. This provides the following protections (IN ADDITION TO CYBER INSURANCE):

$100,000 of ransomware and business email compromise protection
$100,000 of compliance and regulatory failure protection (If applicable and enrolled in HIPAA Management through Tcom Solutions)
$50,000 of business income loss protection
$250,000 of cyber legal liability protection (customer must first exhaust any other applicable service guarantee)

Protect covers all endpoints under a paid security services contract with Tcom Solutions

There is no extra charge for this- Tcom Solutions includes it with every Level of Secure Cyber Shield™

The second is a HUGE benefit to any business that enrolls in Tcom Defender™ or Secure Cyber Shield™. It is an opportunity to review your Cyber Insurance policy or lack thereof with one of the top insurers in the Cyber Security Industry.

Through our partnership with our preferred Insurance Broker and our partnership with Cowbell Cyber, which is one of the largest and most technologically advanced insurers in the Cyber Security industry today, you will get the best chance to align a proper Cyber Insurance policy with your Cyber Security program and have faith that you will be covered in the event of a breach.

A policy through Cowbell Cyber includes many additional benefits, such as a 24/7 Incident response team to work in coordination with our vendors to remediate your company’s issues FAST, an opportunity for reduced rates due to you improved Cyber Security posture through implementing Tcom defender™ or Secure Cyber Shield™, and ongoing management of your risk from an insurance perspective rather than only a cyber security perspective.

Tcom Solutions and our Cyber Insurance broker work together to help prepare your company to get the best possible policy at the best possible terms. This is unique to the industry and another huge added value Tcom Solutions brings to the table.

Contact Tcom Solutions to learn more about Cyber Insurance.