Data Breach and Your Damaged Reputation

It is no secret that criminals are getting smarter at using technology to their advantage.  Unfortunately, that means your business could be the victim of a data breach left to face tremendous financial costs, lost customers and a damaged reputation. When word gets out that data was compromised at your business, it may take time to convince customers that it is safe to come back.

Learn more in this video:

Cyber Liability Insurance with BrandGuard

Cyber liability insurance with BrandGuard® provides coverage for lost revenue incurred as a direct result as an adverse media report or notification to affected individuals following a security or privacy breach.

Consider this scenario:

After reporting a data breach to state officials, a lakefront restaurant in a popular vacation destination is featured in a series of news reports concerning data breaches impacting local businesses. One such report accounts the specific details of the breach experienced by the restaurant and its response to the incident. The news report airs at the start of the busy summer travel season. The restaurant experiences a significant downturn in business due to the news reports.

In this situation, Society’s cyber liability insurance with BrandGuard coverage would reimburse the restaurant for the demonstrated loss of net profit resulting from the adverse media reports.

Recovering from a data breach is a real challenge. The U.S. National Cyber Security Alliance reports that 60 percent of companies affected by a breach will go out of business within six months. This is an alarming statistic! At a time when technology and the risks associated with it affect everyone, don’t leave your business unprotected.

Read more about how to react to a data breach.

To discuss the details of cyber liability insurance for your business, contact your local Society Insurance agent.


As a mutual insurance company, we operate and exist for the benefit of our policyholders. For more than 100 years, Society has been helping businesses overcome the unexpected with comprehensive coverage packages and outstanding claims handling, underwriting and risk management.

Latest Articles

How Much Insurance Do You Need for Your Business?

When business owners look to purchase business insurance, they often ask, “how much insurance do I...

What To Know About Baffle Filters in Your Commercial Kitchen

Did you know that grease-producing kitchen cooking appliances must have UL-listed baffle filters...

Seven Essential Questions to Ask An Insurance Agent

Every industry comes with its own unique set of challenges when it comes to insurance, and the...

Five Examples of How to Start a Continuing Education Program

Continuing education (CE) comes in many different forms, depending on the industry. But one thing...

5 Meaningful Benefits to Attract Quality Employees

It’s no secret that the role benefits play in attracting quality employees is growing. Benefits...


Restaurants and bars are often targets for robbery, burglary and theft. These businesses can ...

Why You Should Inspect Your Restaurant’s Seating

 Ensuring your restaurant seating is solid and safe is an often overlooked aspect of owning a...

Five of the Most Common Workplace Injuries for Young Workers

Young or newly hired employees are getting injured more often than older, more experienced...

How to File an Insurance Claim & What to Expect

In the event that somebody is injured or property gets damaged, it is of utmost importance to...

4 Ways to Improve Remote Offices

Remote work, also known as ‘work from home’ or telecommuting, has become increasingly...

Stay up to date with industry updates by subscribing to the Society Insurance blog!