Business Owners Policy, or BOP
Combine three essential coverages into one policy.
What’s cyber insurance?
Cyber liability insurance is a crucial part of business insurance. It can help protect your business from the cost of cyberattacks and data breaches.
Who it’s for
Any company that uses electronic devices could benefit from cyber insurance. You should consider it if your business:
- Accepts credit cards or other forms of digital payment.
- Stores financial or medical data.
- Collects sensitive information from customers.
- Uses computers or mobile devices, or has an online presence.
Why get a policy through the USAA Insurance Agency?
The USAA Insurance Agency is here to help you find insurance to fit your needs. Our long-standing alliances with other insurance providers allow us to make sure you get a great mix of coverage, pricing and quality customer service.
Also, when you buy insurance through the USAA Insurance Agency, you help us support the military community through charitable contributions and special events.
Do I really need cyber insurance?
Don't underestimate the cost of a data breach. The impact can last years. And the cost can add up to millions of dollars, especially if your business faces lawsuits and fines.
The average cost of a data breach in 2024 was $4.88 million worldwide, according to the IBM Cost of a Data Breach Report.
What about small businesses?
Just because you have a small staff doesn’t mean you’re not at risk.
More than 60% of breaches involved outside parties, according to the 2024 Verizon Data Breach Investigations Report.
Cyber insurance FAQ
The cost depends on your business, its risks and its needs. You can customize your policy to find the right mix to help protect your business and fit your budget.
To speak with a USAA Insurance Agency commercial specialist, call 800-292-8135.
Most general liability policies don’t include coverage for cyberattacks and data breaches. Make sure you read your policy carefully.
Sometimes you can add a cyber liability endorsement to your policy. You’ll want to consider your needs and decide if the endorsement provides enough coverage for your business.
Cyber insurance varies by carrier. It doesn’t cover things like:
- Losing a piece of property, like a phone or computer.
- Bodily injury and death.
Talk to a commercial specialist about what your policy does and doesn’t cover.
Safeguard your business with cyber insurance.
Speak with a USAA Insurance Agency commercial specialist today.
Call 800-292-8135
For TTY devices, dial 711
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Note: Days and times may vary.