Cyber Liability

Protect your business and its revenue from data breaches, impersonation, system security failure and forgery by implementing the best cyber liability insurance for your business.

I’ve found Escalon’s team to be both professional and approachable. Their expertise has transformed our accounting function, enabling us to make better business decisions. The close relationship with our U.S.-based controller streamlines communication and supports our rapid growth. With Escalon, we have confidence in our numbers and proactive guidance for future planning, making them an invaluable partner for our success.

Natalie Papillion , Head of Biz Ops , Standard Bots

Natalie Papillion | Head of Biz Ops

We’ve been working with Escalon Services for quite some time now, and we couldn’t be more pleased with their performance. Their team consistently demonstrates exceptional responsiveness, which is invaluable in our fast-paced business environment. Whenever we have questions or need assistance, they are quick to address our concerns and provide solutions.

Paolo Ghisolfi, VP Finance at Flaviar

VP Finance at Flaviar

Coming out of bankruptcy and rebuilding essentially a new business from the ground up. While the consumer side of the business still operated as if nothing had changed, was a challenge. The benefit of bringing Escalon was that they assigned a full-time resource who rolled up his sleeves to dig into the weeds to figure out what was going on in conjunction with the team that they put in place.

Matt Preston, Controller, TRX

Controller, TRX

They’ve been able to offload a bunch of work that’s on my plate and the controller that has been assigned to our account, I trust her a lot, I trust her ability to manage the team, manage the work, get to the right answer without me needing to dive in a lot so it’s been really great on that point.

Chris Hill, Global controller, Sectigo

Escalon has been a valued partner across several of our businesses, as we’ve scaled, they have been instrumental in helping us sustain the growth and build financial functions. I’d happily recommend their services for any startup, or growing company in and around entertainment!

Benji Madden, Co-Founder of Veeps

Escalon allows us/allows me not to worry about the back office accounting function at the end of the day. We really see Escalon as an integral part of our business as part of our team honestly, sharing in the success of us, growing the business tremendously, and helping us all along the way.

Bill Brownie, CFO of Eargo

The best part working with Escalon is having a trusted partner… There’s a level of trust in the partnership I have that gives me a sense of safety & security. At the end of day, I trust they got my back.

Kabeer Mamnoon, Ready State Marketing CEO

We view Escalon as a true business strategic advisor and partner of ours… They’re always one or two steps ahead of us and provide us with right recommendations, resources, and support to allow us to scale quite quickly and effectively.

Gabriel Padva, Revenue Accelerator CEO

We really feel that there’s a roadmap for a future expansion with Escalon as well. So I would highly recommend Escalon to small businesses and startups.

James Lin, Better Chinese CEO

One of the things that I know has been very helpful is keeping the expenses low on the accounting and financial side of my startup, so that I can focus primarily my efforts on the development of the product, research/development, and clinical studies.

Mitch Levinson, Cerebrotech Medical Systems Co-Founder & CTO

Frequently asked questions

Cybersecurity insurance is insurance that is designed to protect a business against financial losses that may result from cyber incidents such as data breaches and theft, hacking, ransomware and denial of service attacks.

According to the U.S. government, cyber insurance increases cyber security by encouraging the adoption of best practices. Insurers will require a level of security as a precondition of coverage, and companies adopting better security practices often receive lower insurance rates. This helps companies to internalize both the benefits of good security and the costs of poor security, which in turn leads to greater investment and improvements in cyber security.

Security requirements used by cyber insurers are also helpful. With widespread take up of insurance, these requirements become de facto standards, while still being quick to update as necessary. Since insurers will be required to pay out cyber losses, they have a strong interest in greater security, and their requirements are continually increasing.

As well as directly improving security, cyber insurance is enormously beneficial in the event of a large-scale security incident. Insurance provides a smooth funding mechanism for recovery from major losses, helping businesses to return to normal and reducing the need for government assistance.

Finally, insurance allows cyber security risks to be distributed fairly, with higher premiums for companies whose expected loss from such risks is greater. This avoids potentially dangerous concentration of risk while also preventing free riding.

Cyber liability refers to the potential legal and financial risks that businesses face due to a cyber incident or data breach.

Cyber insurance typically covers a business’s liability for a data breach involving sensitive customer information, such as Social Security numbers, credit card numbers, account numbers, driver’s license numbers and health records.

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