Retailers Insurance Group Blog

All You Ever Wanted to Know About Insurance

The Cloud

Lloyd's of London, an international insurance hub, predicted that a crash of one top cloud service provider could cost the economy billions of dollars with much of the burden falling onto medium and small businesses. One study found that if a major service provider went down for three to six days that more than 12 million businesses would be impacted costing the economy upwards of 15 billion in short order.

The study concluded that 67% of the losses would come from outside of the fortune 1000 and the economic loss would be felt in all sectors with manufacturing suffering the most.

Is your business dependent on the cloud? Hacking for profit, fun, ransom the bad actors out there trying to cause mayhem to your bottom-line.   Are you sure  that your standard business interruption policy will help you when this chaos strikes