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Why It's Time to Start Thinking About Cyber Liability Insurance

Why It’s Time to Start Thinking About Cyber Liability Insurance

December 8, 2022

With the end of the year quickly approaching, it’s time to start thinking about cyber liability insurance again. Whether you’re renewing a current policy or purchasing your first cyber liability coverage, it’s important to know what the insurance providers will be looking for. We have helped hundreds of our clients with their applications this year, so we have a unique front-row seat to this rapidly evolving market.

Cybercrime is becoming an increasingly profitable business model, with more security breaches occurring and average ransoms steadily rising year-over-year. As a result, insurance companies are demanding more from the businesses they insure, with multi-page questionnaires requiring proof of your answers becoming more prevalent. Businesses can no longer pay a bit more for coverage in exchange for doing less: basic security controls, such as antivirus software, MFA, and a trained and aware workforce are now part of the minimum requirements for coverage.

Our CyberHealth bundle will help your company meet the requirements necessary to renew or obtain coverage by providing the following:
– Next-gen Endpoint Protection
– Next-gen Email Protection + Encryption
– Multi-factor Authentication
– Cybersecurity Awareness Training
– Phishing Simulation Campaign Management

For more information on the CyberHealth bundle, or to speak with one of our expert team members, call us today at 914-683-0005.