The Zion team recently had the opportunity to write an article for Inside Self Storage, “Digital Threats Are Evolving! Protect Your Self-Storage Business From Negative Fallout With Cyber-Insurance Coverage.” In this article, we dive into how operators increasingly rely on digital tools to run their business. The adoption of digital systems increases a facility’s exposure to cyber threats. Get a taste of what you will learn in the ISS article and how Zion can support your insurance needs.

ISS Article Recap

Cyber Threats: Cyber threats can happen at any time. It’s a reality that we live with every day. With the power behind AI and the creativity of cyber criminals, attacks are being streamlined and smarter!  

What is Cyber Insurance: Cyber insurance is specific coverage that helps a business bounce back from cybercrime, offering financial protection and access to specialized resources. It can cover costs from data breaches, ransomware attacks, and business interruption. It may also help with legal defense, forensic investigations, and customer notifications.

Getting Coverage: When searching for coverage, you should be prepared to provide basic details about your business and specifically the cybersecurity practices you have in place. 

Understanding Your Coverage: It’s common for a self-storage operator to have general liability and property insurance, but these policies usually don’t cover cyber losses. There might be some coverage as part of your errors and omissions policy, but it may not be enough. Checking your current coverage can spot gaps before an incident occurs.