CYBER LIABILITY & RISK MANAGEMENT

DATA-DRIVEN CYBER RISK MANAGEMENT

In 2022, with cyber incidents and ransomware attacks increasing, and with the expanding attack surface due to so many employees working from home, taking a proactive approach to cyber risk management that includes a robust cyber liability insurance policy is an absolute necessity.

$ 2 million
average cost of data breaches in US
30 %
more ransomware in Q1 2021 than entire 2020

how we help our clients

Cyber security experts will tell you that all it takes – and often where cyber attacks start – are employees who click on phishing links or those posing as someone from the IT department calling for passwords with problems like updating policies, system upgrades, etcetera. 

Our group of cyber risk management specialists start with a risk assessment to understand the specific cyber risks that are currently facing your business while identifying potential gaps to mitigate future risks. With our industry leading cyber security and financial cyber tools, we are able to match those findings with a customized and holistic cyber liability insurance policy that provides our clients with a total cyber risk management strategy.

cyber risk management & liability expertise

frequently asked questions

Our cyber risk management specialists ask the right questions to ensure we can advocate the right coverage on your behalf. Leveraging relationships with carrier partners, we take the worry from our clients.

Who is Cyber Insurance for?

Any industry or size of company can benefit from Cyber Risk Management & Liability policies, but industries that are particularly vital include: 

  • Financial Services
  • Healthcare
  • SaaS
  • Ecommerce
What does Cyber Insurance cover?

This can range depending on your policy. However, a typical policy can include:

  • Loss or Damage to Electronic Data
  • Loss of Income or Extra Expenses
  • Cyber Extortion Losses
  • Notification Costs
  • Reputation Damage
How much does Cyber Insurance cost?

This can vary depending on the industry, size, and revenue of your organization. However, below are some of the main points that insurance carriers will take into account when calculating your premium:

  • Types of data being collected
  • What security measures you have in place
  • What type of industry you are in
  • The size of your company and customer base
  • The overall revenue of your company