Small businesses across Michigan showing success against cybersecurity threats through new cyber protection insurance offerings
October 19, 2023
Gov. Whitmer declared October as Cybersecurity Awareness Month in Michigan, encouraging Michigan residents and employers to assess current safety practices and procedures and make enhancements where necessary. Fortunately for small business owners, the Small Business Association of Michigan (SBAM) has launched a new service to provide members easy access to cyber liability insurance, after cyber risks and access to cyber resources continue to rank among small business members’ top concerns.
SBAM teamed up with the Michigan Association of Insurance Agents (MAIA) for this offering and has already held a pilot launch of cyber liability insurance with several members.
“My business went through the process and by also using RiskAware we were able to get a great quote,” said Dr. Karen May, owner of Momentum Health Neuropathy Center. “Now we are in the application process, which has been simple and seamless. A huge thank you to SBAM for making this happen. This is such a valuable offering that is very cost effective for small businesses!”
Joe Sommerdyke, President of MAIA Insurance Services, said: “MAIA is passionate about making cyber insurance accessible to small businesses, and we are proud to partner with SBAM in this capacity.”
“A data breach is the worst fear among many businesses, but especially for small businesses, who have lesser resources to deal with a risk of this magnitude,” said SBAM Chief Revenue Officer Michelle Beebe. “Our members have told us a cyber attack is a threat that looms large over their operations, and this new offering is just one way in which we’re staying on top of the solutions needed for their ongoing success.”