Michael Urbanik

The second component is when we talk about this digital, these digital attacks, get a standalone cyber liability policy that's going to give you business interruption coverage, because that's a big thing that can come of all this that people don't think like, yes, they put malware on my computer. I have to throw away all my computers. I have to get new computers, reinstall them.

The second component is when we talk about this digital, these digital attacks, get a standalone cyber liability policy that's going to give you business interruption coverage, because that's a big thing that can come of all this that people don't think like, yes, they put malware on my computer. I have to throw away all my computers. I have to get new computers, reinstall them.

There's a dollar cost there. But all that time, you might have lost income as part of it.

There's a dollar cost there. But all that time, you might have lost income as part of it.

a standalone cyber liability policy it's going to give you protection for your assets protection for your financial assets via cyber attack and then also protection for loss of income you know in preparation for this call i took a couple calls with some cyber insurance carriers and when these foreign actors attack because these attacks can come from russian black hat cyber attack gangs north koreans

a standalone cyber liability policy it's going to give you protection for your assets protection for your financial assets via cyber attack and then also protection for loss of income you know in preparation for this call i took a couple calls with some cyber insurance carriers and when these foreign actors attack because these attacks can come from russian black hat cyber attack gangs north koreans

There's other places that they come from that originated overseas. People might think, oh, are these acts of terror or are these acts of war because it's coming from, you know, a foreign source? Those claims are being paid right now. They are not because those attacks are happening and carriers are paying those claims and damages.

There's other places that they come from that originated overseas. People might think, oh, are these acts of terror or are these acts of war because it's coming from, you know, a foreign source? Those claims are being paid right now. They are not because those attacks are happening and carriers are paying those claims and damages.

They're not trying to throw them out because of where they come from. Now, we could just always be one political step away from now that country being on a different list and now that attacks viewed differently. I can't say with certain how that'll be interpreted. We'll just have to let the carriers and the courts and Congress deal with that.

They're not trying to throw them out because of where they come from. Now, we could just always be one political step away from now that country being on a different list and now that attacks viewed differently. I can't say with certain how that'll be interpreted. We'll just have to let the carriers and the courts and Congress deal with that.

But these policies do cover and pay and they protect from foreign sources. And again, you can get on that an optional terrorism coverage. And I think I looked at a quote for one of my clients and it was zero dollars to add that. So they're getting that coverage. So those are tools that are available to pretty much every business. They're very accessible at this stage.

But these policies do cover and pay and they protect from foreign sources. And again, you can get on that an optional terrorism coverage. And I think I looked at a quote for one of my clients and it was zero dollars to add that. So they're getting that coverage. So those are tools that are available to pretty much every business. They're very accessible at this stage.

Don't miss the forest through the trees here. Talk to your agent. Spend maybe a few more dollars. I know everyone wants more dollars from you everywhere. That's not lost on me. I'm sympathetic to all small business owners. But these are very prudent ways to protect yourself.

Don't miss the forest through the trees here. Talk to your agent. Spend maybe a few more dollars. I know everyone wants more dollars from you everywhere. That's not lost on me. I'm sympathetic to all small business owners. But these are very prudent ways to protect yourself.

Listeners are definitely going to want to know. I'll jump in on that real quick. And Andrew and I have talked about this. So right now, when it comes to, I'll say insurance products, and you can view this question through a couple of different lenses. But when it comes to insurance, these products have been available for a long time.

Listeners are definitely going to want to know. I'll jump in on that real quick. And Andrew and I have talked about this. So right now, when it comes to, I'll say insurance products, and you can view this question through a couple of different lenses. But when it comes to insurance, these products have been available for a long time.

But the awareness component or understanding from the business owner that this is what they need has been really lacking. And, you know, I'll give you some anecdotal evidence. So the number one and two industries that are targeted by cyber attacks are financial and medical industries, just because if they sit down the computers, it all goes to heck real quick. But we knew that years and years ago.

But the awareness component or understanding from the business owner that this is what they need has been really lacking. And, you know, I'll give you some anecdotal evidence. So the number one and two industries that are targeted by cyber attacks are financial and medical industries, just because if they sit down the computers, it all goes to heck real quick. But we knew that years and years ago.

But I'll say this year, cyber liability was probably my number two highest purchased insurance policy by business owners. It takes a long time for that message to just permeate the industries. And I'll tell you the anecdotal story is everyone now knows another practice owner or business owner that's had a cyber attack. And they're like, if that can happen to him, I'm not very different.

But I'll say this year, cyber liability was probably my number two highest purchased insurance policy by business owners. It takes a long time for that message to just permeate the industries. And I'll tell you the anecdotal story is everyone now knows another practice owner or business owner that's had a cyber attack. And they're like, if that can happen to him, I'm not very different.