In this episode of Smart Tech Spending, I am joined by Brett Balsley, president of BCA Insurance Group who sheds light on the differences between a standalone cyber insurance policy and a business owner’s insurance policy with a rider of cyber coverage. He explains the benefits of having the right coverage and where businesses can go wrong.
What you’ll learn in this episode:
- What size businesses should have cyber liability and data security insurance?
- Common types of cybercrime affecting businesses
- The impact of ransomware on cyber insurance claims
- A “real-life” example of a claim that was excluded from coverage
- The financial impact of a breach on a small or medium size business
- When should updates to a cyber liability insurance policy be made?
Brett Balsley’s Bio
Brett started his insurance career in 1991 in Atlantic County, NJ, providing homeowners and automobile insurance coverage, then quickly transitioned into providing commercial lines of insurance for clients. Within 10 years, he was providing commercial and personal lines of insurance for clients in the Tri-State Area, nationally and to international clients as well. BCA Insurance works with both national and regional insurance carriers.
Resources
Connect with Nicole Lefsky: https://www.linkedin.com/in/nicolelefsky
Jersey IT Group’s Website: https://www.jerseyitgroup.com
Connect with Brett Balsley: bbalsley@bca-insurance.com
Brett Balsley’s Phone: 609-645-1700
Brett Balsley’s LinkedIn: https://www.linkedin.com/in/brett-balsley-91ba741
BCA Insurance Group’s Website: https://bca-insurance.com/
Thanks so much for listening!
If you enjoyed this episode, please take a moment to rate and review it on your favorite podcast player.
Don’t forget to subscribe to be updated when new episodes are available!
Popular Podcasts
NFL Daily with Gregg Rosenthal
Gregg Rosenthal and a rotating crew of elite NFL Media co-hosts, including Patrick Claybon, Colleen Wolfe, Steve Wyche, Nick Shook and Jourdan Rodrigue of The Athletic get you caught up daily on all the NFL news and analysis you need to be smarter and funnier than your friends.
On Purpose with Jay Shetty
I’m Jay Shetty host of On Purpose the worlds #1 Mental Health podcast and I’m so grateful you found us. I started this podcast 5 years ago to invite you into conversations and workshops that are designed to help make you happier, healthier and more healed. I believe that when you (yes you) feel seen, heard and understood you’re able to deal with relationship struggles, work challenges and life’s ups and downs with more ease and grace. I interview experts, celebrities, thought leaders and athletes so that we can grow our mindset, build better habits and uncover a side of them we’ve never seen before. New episodes every Monday and Friday. Your support means the world to me and I don’t take it for granted — click the follow button and leave a review to help us spread the love with On Purpose. I can’t wait for you to listen to your first or 500th episode!
Dateline NBC
Current and classic episodes, featuring compelling true-crime mysteries, powerful documentaries and in-depth investigations. Follow now to get the latest episodes of Dateline NBC completely free, or subscribe to Dateline Premium for ad-free listening and exclusive bonus content: DatelinePremium.com