As a bookseller, you create a world where people can escape the digital noise, but your business isn’t immune to cyber threats. Cybercriminals can still target customer data, payment systems, and your online storefront, even in a business where technology doesn’t play a huge role.
We understand that cyber insurance might not have been on your radar this year. But it’s not just another cost; it’s a safeguard for your business’s future. A single cyberattack can disrupt sales, damage your reputation, and compromise customer trust. Cyber insurance helps you recover quickly so you can keep selling books.
Cyber insurance costs between $500 to $5000/year. For booksellers, the cost is usually on the lower end, depending on factors like revenue and security measures.
Most booksellers like you:
All of these factors make you a lower insurance risk in the eyes of your insurer. Ultimately, how much your business makes every year, how large your bookstore or bookselling business is, and a few other factors will influence your final premium costs.
If you’re wondering why you need cyber insurance, consider these questions:
If the answer is yes, cyber insurance is essential. While bookstores may not be a top target like hospitals or tech companies, 43% of cyberattacks hit small businesses. Hackers look for easy opportunities, and businesses without cyber protection are at risk.
Cyber insurance helps you recover quickly, protect customer trust, and avoid costly downtime.
Getting a quote is fast and fully online. In less than 10 minutes, you’ll answer a few questions about your business. Once you submit your information, you’ll receive multiple quotes from top-rated carriers that you can compare and choose from.
We recommend that you have answers on hand to potential questions before you start the quoting process. While you can always stop and get help, coming prepared will make the quoting process quicker. It’ll also make life easier for you if you need to call an agent and ask questions.
Consider information like:
Knowing the answers to these questions will make things seamless.
Now that you’ve given an insurance agent everything they need to know to quote you, you’ll likely receive multiple quotes. Information about every quote should be emailed to you. If you have any concerns about cyber insurance pricing or coverage, now is the time to review and compare your quotes.
Here are a few things we suggest looking for when you’re comparing quotes:
Don’t hesitate to ask your agent or broker to explain specific language or the reasoning behind certain policy exclusions. Advocate for yourself until you understand precisely what you’re buying.
Now that you’ve found a policy that works for your business, it’s time to sign on the dotted line and start protecting your business. Just like with your policy, take the time to read the contract from your insurer so you understand what you’re agreeing to. This may include payment terms for the premium and cancellation fees, so consider this required reading before you sign and start coverage.
As we said earlier, everyone needs cyber insurance – not just booksellers. At CoverHound, we serve accountants, consultants, other office-based professionals, and labor-based businesses like lawn care and landscaping companies and contractors. We support people of all trades with our selection of cyber policies from top carriers.
Cyber insurance can cost anywhere from $500 to $5000/year. A small business will be on the lower end of that spectrum, especially a bookstore that doesn’t have complex technology and software infrastructure and associated risks.
Cyber insurance doesn’t cover future lost income, the cost of lost Intellectual Property(IP), and the costs associated with enhancing security measures. At times, a policy may also refuse to cover expenses related to socially engineered fraud, like an email scam that caused an employee to wire someone money of their own free will.
A great place to start is with our Booksellers Guide to Small Business Insurance. You can also explore our cyber insurance page or business insurance page.
Cyber insurance is an essential investment in your business's longevity and survival. The world needs booksellers—people willing to spread information, tell stories, and spark imaginations through books. But for bookstores to keep thriving in our communities, you need cyber insurance.
CoverHound makes it easy for you to protect your bookstore so you can keep doing what you love with peace of mind and assurance in your future. Get a fast, accurate quote today.
Insurance shopping simplified
Insurance shopping simplified
