--- title: "Cyber insurance: Not just for consumer-facing businesses" description: "Cyber insurance: Not just for consumer-facing businesses" --- [Skip to content](https://blog.plexusgroupe.com/plexus-blog/news/cyber-insurance-not-just-consumer-facing-businesses#main-content) [![The Plexus Groupe](https://blog.plexusgroupe.com/hs-fs/hubfs/Logo%20and%20Design%20Files/plexus_sis_logo_color.png?width=1468&height=368&name=plexus_sis_logo_color.png "The Plexus Groupe")](https://www.plexusgroupe.com/) # Cyber insurance: Not just for consumer-facing businesses 17 April 2017 [Mike Wilkening](https://blog.plexusgroupe.com/author/mike-wilkening) [Cyber Liability](https://blog.plexusgroupe.com/tag/cyber-liability), [Property & Casualty](https://blog.plexusgroupe.com/tag/property-amp-casualty), [News](https://blog.plexusgroupe.com/tag/news) The wide range of cyber risk faced by businesses continues to be in the news. In a story published Monday, *The Wall Street Journal* reported that a growing number of manufacturers [have begun to secure cyber insurance](https://www.wsj.com/articles/cyber-insurance-becomes-a-must-for-more-manufacturers-1492426801). According to the *Journal*, manufacturers paid about $37 million in cyber coverage premiums last year, per data from Advisen, an increase of 89 percent from 2015. Also, per BusinessInsurance.com, [cyber threats were a top concern](http://www.businessinsurance.com/article/20160621/NEWS06/160629947/Cyber-security-threats-top-manufacturers-list-of-risks-intellectual-property-da) of more than 90 percent of the top 100 publically traded manufacturing firms in 2016, according to findings from accounting firm BDO USA LLP. As the *Journal* noted, cyber coverage has long been popular with customer-facing firms with reams of personal data such as health-care providers, banks and retailers. And certainly, these firms will always be under great strain to protect their data, given the risk of breaches. So why should manufacturers consider cyber coverage? Because **manufacturers are in the data business, too**. Consider manufacturing designs and processes, and consider how they are linked, in some form or fashion, to computing. Now, consider a ransomware attack shutting down a factory's machinery. Think of the costs -- and not just the ransom. Business will be interrupted. Deadlines might be missed. Cyber insurance helps companies bear the costs of a cyber breach, including notification, monitoring and legal services, as well as business interruption. If your business already has cyber coverage, you are on the right track. However, has your cyber coverage been reviewed recently? Has it stayed in lockstep with the ever-changing and ever-growing risks of today? And will you have the coverage you need if disruption -- or disaster -- strikes? Plexus can help your business ensure it has the right cyber coverage. You might start by filling out our [Cyber Liability Indication Request](http://www.plexusgroupe.com/s/property-casualty/cyber-liability-indication-request/img), a short, Web-based form that can help you assess your needs. For even more information on Plexus's cyber capabilities, contact National Property & Casualty Practice Leader Mike Mann at 847-307-6111 or at [mmann@plexusgroupe.com](mailto:mmann@plexusgroupe.com). We're here to help -- and we're happy to help. ### Related Post ##### [Insurance stories we're reading](https://blog.plexusgroupe.com/plexus-blog/retirement-plans/insurance-stories-reading-2) At Plexus, we enjoy reading about insurance -- and we think you will, too. Here are five... ##### [The Plexus Groupe is hiring](https://blog.plexusgroupe.com/plexus-blog/retirement-plans/plexus-groupe-hiring) Whether it's by car, train, bus, bicycle or foot, the daily commute can be a grind. 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