Frontier Risk's Cyber Liability Insurance shields cannabis businesses against cyber attacks, covering expenses to prevent financial losses and protect your reputation.

Cybersecurity is the biggest risk cannabis businesses often overlook, yet it is crucial. U.S. data breaches cost an average of $4.45 million, making cybersecurity a top priority for cannabis companies of all sizes. Each year, substantial amounts of personally identifiable information (PII) are stolen, leading to lawsuits and penalties. Moreover, 60% of small businesses facing a cyberattack go out of business within six months, highlighting the severe consequences of inadequate cyber protection. For more comprehensive insight on the importance of cyber liability, read Frontier Risk's CEO James Whitcomb's recent piece on cyber risk titled 'Cyber: The Biggest Cannabis Risk You're Probably Not Thinking About.'

Data Breach Expenses

Covers costs related to notifying affected parties, credit monitoring services, legal consultations, and public relations efforts after a data breach.

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Cyber Extortion Coverage

Provides coverage for expenses incurred during a cyber extortion incident, such as ransomware attacks and demands for payment.

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Business Interruption Losses

Covers income losses and additional expenses resulting from disruptions caused by cyber incidents affecting your business operations.

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Third-Party Liabilities

Protects against legal liabilities arising from data breaches, privacy violations, and other cyber-related claims from third parties.

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Forensic Investigation Costs

Covers expenses associated with conducting investigations to determine the cause and extent of a cyber incident.

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