When small business owners like barbers, hairdressers, and other beauty practitioners think of insurance, cyber insurance would be one of the furthest down the list … if it’s at all on their minds.

But one of the key marketing tools for salons and barbershops is social media, and this opens you up to a lot of potential issues. For example, claims could be made against you for copyright infringements, leaked information, or for defamatory content, or libelous comments.

You also make bookings and maybe even collect payments online. If your clients’ personal information is compromised because of a hack or virus, you will be on the line to pay damages or fines.

With ransomware and other cyber-related threats increasing, cyber liability insurance becomes a critical asset for small business owners. The fines for data breaches could ruin your business and not to mention the business interruption and losses that you’d experience from a major incident. Being unable to work and bring in an income would jeopardize your business.

Cyber threats are risks that all small business owners and self-employed individuals should consider. Unfortunately, it’s not. But you can protect yourself and your business by getting cyber liability insurance. In addition to your professional liability insurance, property insurance, and workers compensation, you need a cyber insurance policy that also caters to small business owners