Can Your Business Survive a Cyberattack or Data Breach?
43% of data breaches involve small businesses, and 60% of companies close within 6 months of a major attack. Cyber liability insurance protects your Texas business from the financial devastation of data breaches, hacking, ransomware, and more. Broken Spoke Insurance makes it easy to get affordable cyber coverage—so a single email or attack doesn’t cost you your livelihood.
What Cyber Insurance Covers
Data Breach Response Costs
Forensic IT investigations, customer notification, and credit monitoring
Legal Defense & Settlements
Covers lawsuits if clients’ or employees’ data is exposed
Ransomware & Cyber Extortion
Some policies pay ransom, restore systems, and cover lost income
Business Interruption
Lost revenue if your systems are down after an attack
Regulatory Fines & Compliance
Helps cover costs if you’re penalized for data privacy violations (HIPAA, PCI, etc.)
Funds Transfer Fraud & Phishing
Protection for losses from email scams or fraudulent wire transfers
Common Cyber Risks and Gaps
Believing “I’m too small to be a target” (most breaches hit small businesses)
Relying solely on antivirus or basic security (ransomware and phishing bypass these)
Not having a plan for data breach response or regulatory notification
Underestimating the cost—average breach for a small business exceeds $150,000
Lacking coverage for third-party IT vendors or cloud data
If You’re Not Sure What You Need
Just Starting With Cyber?
We explain what your risk looks like and how affordable protection can be.
Handle Customer or Payment Data?
Businesses with personal info, credit card data, or health records face higher risk and compliance needs—cyber insurance can be essential.
Worried About Ransomware?
Our policies help with ransom payments, data restoration, and even PR support after an attack.
Need Training or Security Resources?
We partner with carriers who provide cyber risk tools and training as part of your policy.
Bring in Local Experts
We help Texas businesses in every industry protect their data and bottom line—from small shops in Lubbock to consultants in Amarillo. Our team makes cyber coverage simple, comparing policies and finding the limits that fit your needs and budget.
Your Experience, Step by Step
First, we review your digital footprint and data risks—then recommend policies and coverage limits from top insurers. We help you meet compliance requirements, secure fast quotes, and give ongoing support for claims or renewals.
Compare Your Options Clearly
| Scenario/Need | Cyber Liability | Data Breach Insurance | Business Interruption | Property/Crime Insurance |
|---|---|---|---|---|
| Covers hacking/cyberattack losses | Yes | Yes | Sometimes | No |
| Covers office contents/equipment | Yes | Yes | No | No |
| Covers physical theft/damage | No | No | No | Yes |
| Required for regulatory compliance | Sometimes | Yes | No | No |
Not sure what to choose? We’ll walk you through every option.
Your Questions, Answered Clearly
Do small businesses really need cyber insurance?
Yes—most attacks hit small and mid-sized businesses, and one breach can close your doors for good
What does cyber liability insurance cover?
Data breach costs, legal claims, ransomware, loss of income, compliance fines, and more.
Will cyber insurance pay ransomware?
Many policies include coverage for ransom payments and system restoration—ask us about details.
How much does cyber insurance cost for a small business?
It’s often affordable—Broken Spoke shops the best rates and coverage for your risk.
I already have antivirus—is that enough?
Modern threats bypass basic software—insurance is the financial backup your business needs.
Protect Your Business From Digital Disasters
Don’t wait for a breach to find out what’s at stake. Broken Spoke Insurance will help you add cyber liability to your insurance portfolio and keep your business secure in a digital world.