Cyber threats are the defining risk of our era. Data breaches, ransomware attacks, and regulatory penalties can be existential for businesses of any size. Joseph Marshall Co. works with leading cyber insurers to build programs that address first-party losses, third-party liability, and incident response costs — tailored to your industry and risk profile.
$4.88M
Average cost of a data breach (IBM, 2024)
72%
Of cyberattacks target small and mid-size businesses
60 days
Illinois breach notification deadline under PIPA
A well-structured cyber policy addresses both the immediate costs of an incident and the long-tail liability that follows. Here is what a comprehensive program typically includes.
Covers notification costs, credit monitoring, regulatory defense, and third-party claims arising from unauthorized access to personal or confidential data.
Pays ransom demands, negotiation costs, and recovery expenses when threat actors encrypt your systems and demand payment.
Replaces lost income and covers extra expenses when a cyber attack disrupts your operations — including cloud service outages.
Covers defense costs and, where insurable, regulatory fines and penalties under HIPAA, CCPA, GDPR, and state breach notification laws.
Funds the immediate response team — forensic investigators, legal counsel, public relations, and breach coaches — from the moment an incident is detected.
Covers losses from fraudulent wire transfer instructions, invoice manipulation, and business email compromise (BEC) schemes.
Cyber insurance is not a commodity. Coverage terms, sublimits, and exclusions vary dramatically between carriers — and the wrong policy can leave you exposed precisely when you need it most. Our advisory process begins with a thorough assessment of your digital footprint, data handling practices, and existing security controls.
We then access multiple cyber markets — including specialist London markets and domestic carriers — to structure a program that matches your actual risk profile. We negotiate coverage terms, not just premiums.
Illinois businesses face specific regulatory obligations under the Personal Information Protection Act (PIPA) and, for healthcare organizations, HIPAA. We ensure your program addresses these requirements directly.
We evaluate your data environment, security posture, and regulatory obligations to establish your true cyber exposure.
We access specialist cyber markets and negotiate terms — coverage breadth, sublimits, retentions — on your behalf.
We connect you with pre-approved incident response vendors so you are ready before an event occurs.
Cyber risk evolves rapidly. We review your program annually and adjust coverage as your business and threat landscape change.
Schedule a complimentary consultation with a Joseph Marshall Co. advisor. We will assess your current cyber risk posture and identify coverage gaps.
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