Top 3 Essential Insurance Policies for New U.S. Businesses in 2024
Starting a new business involves inherent risks that can lead to significant financial losses without appropriate insurance coverage. Cybercrime, employee safety, and property damage are key challenges impacting businesses today.
Cybercrime in the U.S. resulted in over 6.8 billion breached records between late 2023 and early 2024, with an estimated cost of $452.3 billion annually. Cyber insurance policies help businesses mitigate these risks by covering expenses related to data breaches, ransomware attacks, and hacking, including system restoration, legal, and forensic services to address cyber incidents and data loss.