Cyber Insurance Isn't Cybersecurity: What Every Business Owner Needs to Know with Erin Neill

Most business owners assume their existing insurance policy will protect them from cybercrime—but that assumption could cost them everything. In this episode of She Leads Securely, Melanie Padron sits down with Erin Neill, owner of Hanby Insurance, to break down the critical differences between business insurance, cyber liability insurance, and cybersecurity. Erin shares real-world stories of businesses losing hundreds of thousands of dollars to cybercriminals, explains why small businesses are prime targets, and reveals how the right combination of cybersecurity and cyber insurance can help companies survive a devastating attack. Contact: https://hanbyinsurance.com/ Key Takeaways Cyber liability coverage is not automatically included in most business owners (BOP) or general liability policies—it's often completely excluded. A standalone cyber insurance policy provides significantly broader protection, including ransomware, data breaches, legal costs, and financial fraud coverage. Cybersecurity and cyber insurance are not interchangeable; cybersecurity helps prevent attacks, while insurance helps businesses recover when attacks succeed. Small businesses are often targeted because they have fewer security controls and are easier for cybercriminals to exploit. Business owners should independently verify any ACH or wire transfer changes and implement dual-approval processes to reduce financial fraud risks. Contact:  https://www.itarchiteks.com/ LinkedIn: https://www.linkedin.com/in/melanie-padron https://www.linkedin.com/company/itarchiteks What Makes Us Unique: For over 20 years, our team has delivered enterprise-grade IT and cybersecurity solutions to organizations across transportation, healthcare, manufacturing, energy, and government sectors. We operate as trusted advisors — not just technicians — offering a concierge approach that combines proactive risk management, infrastructure expertise, and responsive service. As a Veteran-owned and operated company, we lead with accountability, discipline, and a mission-driven mindset.   Podcast Production provided by Blue Mic Studios, the podcast production arm of Visual Learning Solutions, LLC Recorded at the Blue Mic Studios: https://www.bluemicstudios.com/ #SheLeadsSecurely #MissionSecure #CyberInsurance #CyberSecurity #BusinessProtection #WomenInBusiness #RiskManagement #SmallBusinessSecurity #CyberRisk #BusinessLeadership