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Cyber assurance software is beneficial to small businesses across a range of industries, from law firms and agencies to healthcare and manufacturing. Bima will benefit any small business that wants to build a cybersecurity foundation and reduce their liability in a breach, increase trust with customers, and meet the requirements of insurers.
Small business owners can profit from Bima by:
In the event a breach occurs, a business' liability is quantified by factors such as: down time, notification of customers, remediation and lost revenue among many other factors. For businesses that hold a cyber insurance policy, liability is usually limited to the policy's deductible and any amount beyond the policy's coverage. Bima assures that you are meeting insurers' compliance requirements so that claims are paid in full.
52% of consumers and 87% of businesses report that they will not purchase from an organization that does not have a commitment to cybersecurity and data protection.
Bima enables small businesses to show compliance to their insurers, customers, and regulatory agencies without having to hire full time employees or 3rd party consultants.
For small businesses and early stage companies, capital is often best put to work on growth related expenditures. Bima enables these organizations to build a cybersecurity foundation without hiring full time employees or retaining outside consultants.
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