Yolanda runs a busy daycare in San Antonio and loves interacting with all of "her" kids. To help her manage the business side easier, she uses a digital payment system to handle tuition from parents. It makes things easier for her and her bookkeeper since most of the payments are automated. She loved the ease of implementing this and the parents also love it.
And then one day she found out the problem with these systems. She was locked out and didn't have the ability to see what was going on with the weekly payments. Yolanda was scared because she wasn't sure what was going on.
Hackers had taken over her system in a ransomware attack, demanding money to unlock it. Yolanda couldn’t collect payments, and her staff payroll was due in the next few days. That feeling of overwhelm and helplessness was real. She did not know how to fix the situation or where to turn.
This nightmare situation left Yolanda wondering if something could have been done differently. She had heard of cyber insurance and she began to wonder if it would have protected her daycare from the financial stress caused by this attack. For daycare owners like Yolanda, cyber insurance can provide a lifeline when digital systems and sensitive data are at risk.
When Yolanda reached out to Insurance For Texans, she was looking for cyber insurance. She had thought it was only for big tech companies. What she found is that it that these problems were becoming more common for smaller, everyday businesses like hers.
Cyber liability coverage is designed to help all businesses, just like her daycare, to prepare for cyber threats, prevent cyber attacks, and recover from attacks when they happen. Cyber liability policies provide coverage for several common issues that daycares face on a regular basis. Though this short list isn't exhaustive, it gives you three real coverage for damage that Yolanda could have used.
If Yolanda had comprehensive coverage for cyber liability, these types of coverage could have softened the blow, giving her the financial protection to recover quickly and recoup lost income. The financial risks had suddenly become very real to her.
Yolanda thought her daycare was too small to be on a hacker’s radar. But she quickly learned that small businesses, including daycares, are attractive to cybercriminals. Hackers know these small business owners store valuable information on computers and inside cloud based systems. The hackers also know that these business operations often lack strong cybersecurity protections making them easy targets.
Yolanda realized that just like securing her daycare facilities with locks and cameras, she needed to secure her digital systems with the right tools as well. That included finding the best insurance company to provide her daycare cyber liability protection.
After her ordeal, Yolanda reached out to Insurance For Texans to see about getting great liability insurance coverage for any future events that might occur. Their True Texas Education Insurance program understands the unique challenges that Texas daycares face. Working with their experienced insurance agents to find a solution that covered her daycare’s specific risks and needs was important.
Daycare liability insurance with coverage for ransomware, data breaches, and business interruption was imperative for Yolanda. True Texas Education Insurance specializes in helping Texas daycares safeguard their businesses from unexpected threats, giving owners like Yolanda peace of mind. She now feels confident that her daycare has comprehensive protection where it is for property coverage or the different kinds of additional coverage for cyber liability, professional liability, or abuse and molestation liability coverage.
Cyber attacks can disrupt your daycare, cost thousands of dollars to fix, and harm your reputation. But you don’t have to face these risks alone. With the right business insurance coverages, your daycare can keep running smoothly no matter what happens.
Click the button below to learn more about cyber insurance from the True Texas Education Insurance program and find the protection your daycare needs today.