IT Breaches and Cyber Security Are Increasing for California Small Businesses

IT Breaches and Cyber Security Are Increasing for California Small Businesses

Hiscox Survey Shows Growing Concern Among Small Business IT Professionals

NEW YORK, Feb. 12, 2013 (GLOBE NEWSWIRE) -- Small businesses in California are
growing more concerned about their IT risks. Hiscox, the specialty insurer
providing US small businesses with the simplest way to purchase customized
business insurance online and over the phone, today announced the results of a
recent survey of IT consultants based in California.

Top line results from the survey include:

  *Growing Concern Over IT Risks: Just under three quarters (72 percent) of
    California-based IT professionals agreed that clients are more worried
    about IT risks now than they were a year ago.

  *Cyber Security: Over half (56 percent) of respondents agreed that more of
    their work in 2013 will focus on client security and data protection than
    a year ago.

Despite the uptick in concern around IT risks and cyber security, only
one-quarter of respondents said that their clients required them to carry
specific insurance coverage to protect against risks.

"Hiscox is committed to protecting small businesses, including IT
professionals, against the risks that are unique to their industry," said
Kevin Kerridge, Hiscox Director, Small Business Insurance. "As technology
continues to evolve, the IT industry is seeing tremendous growth and new
risks, leading to increased apprehension of small business owners."

Hiscox specializes in insurance for small business owners, such as
professional liability (errors and omissions insurance) and commercial general
liability customized for a range of fields including IT, consulting,
marketing, photography, real estate, beauty and health.

Hiscox offers business insurance quotes direct and online in real-time along
with other business liability insurance products, such as business owners
policies. Since launching their ground-breaking online service in the U.S. in
2010, Hiscox has received an average customer service rating of 4.9 out of 5,
and 96% of those surveyed would recommend Hiscox.

About Hiscox Small Business Insurance

Hiscox, the international specialist insurer, is headquartered in Bermuda and
listed on the London Stock Exchange (LSE:HSX). Hiscox is the first company in
the U.S. to offer insurance for small professional services businesses direct,
online, and in real-time. We provide professional liability, general liability
and business owner's insurance, underwritten by Chicago-based Hiscox Insurance
Company Inc., which is rated 'A' (Excellent) by A.M. Best Company. Additional
information can be found on the Why Choose Hiscox? page. Coverages are subject
to underwriting and may not be available in all states.

Hiscox also provides professional liability, property and specialty insurance
to US businesses through US-based brokers. This communication does not
constitute a solicitation of business by Hiscox's syndicates at Lloyd's,
London.

To learn more about Hiscox Small Business Insurance, visit 
http://www.hiscoxusa.com/small-business-insurance/ or speak with a Hiscox
licensed advisor at (888) 283-7545 (Monday through Friday, 8:00 AM – 10:00 PM
EST).

Read more news from Hiscox Small Business Insurance.

CONTACT: Hunter Hoffmann
         (646) 442-8341
         hunter.hoffmann@hiscox.com
        
         Katherine McGann (for Hiscox)
         (203) 254-1300 ext.249
         kmcgann@prosek.com
        
         Chris Brown (for Hiscox)
         (203) 254-1300 ext.206
         cbrown@prosek.com
 
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