The Expert Podcast

The top experts and executives in the commercial lines insurance industry are saying that AI and cybercrime are the biggest risks for businesses. So if you're a small, medium, or large company, the biggest risk you have from an insurance standpoint is cyber liability or cybercrime. It's not fire, it's not theft, it's not injury or damages—it's cybercrime. We’re seeing this as a huge development over the last 24 months, where cyber liability, cyberattacks, and cyber defense are really what most companies are focusing on in terms of protecting themselves.

There are a lot of ways to do it. Most good cyber liability insurance policies nowadays have built-in defense, built-in monitoring, and built-in response teams. If you get hit, they send a team out to fix it for you.

Your video will be back in 8 seconds. In the meantime, remember you have access to live one-on-one consultations with the undivided attention of a licensed, certified expert in this subject and many others. We want to listen to your story, hear your questions, and give you expert advisement on your options. We want to tell you what we know about your situation and what choices you have.

Now, back to your video. And this is good news—because if it's the biggest risk, you want to have the biggest resources. On the same token, there’s some more good news: the market for insurance is expanding. Up until recently, it was actually somewhat difficult and expensive to get cyber liability insurance. Now that more companies are entering the market, they’re understanding the losses, understanding the costs, and providing coverages and policies that might be a lot easier to obtain. You won’t get rejected as easily, and the cost will be more reasonable.

So if you're a CEO, CFO, CIO, or someone on the technology side of your company, get a new quote on cyber liability insurance. You can get a quote from our website, riskcoverage.com, or from your broker to see if availability is different from what it was a year or a year and a half ago. Because if it's the biggest risk in your company, you want to make sure it’s not a deal breaker and doesn’t make it game over for your business.

Thank you for watching another episode of Actual Human Advisory on Described TV. Remember, we have live one-on-one consultation appointments available at ActualHuman.com, where you can book a live call with a licensed investigator, licensed insurance broker, licensed mortgage broker, or real estate broker. I’m also a certified real estate title examiner, a certified civil court mediator, and have developed and started over 15 businesses—several of which were sold for millions of dollars.

So if you have questions in any of these categories, you can arrange a one-on-one live video consultation. Use the link below, and we'll see you in the next video.