Ratings and Reviews 0 Ratings
Ratings and Reviews 0 Ratings
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What is Insureon?
Cyber liability insurance acts as a protective measure for small enterprises against the severe financial impacts that arise from data breaches and cyber threats. It covers a range of expenses, such as customer notification, credit monitoring services, legal fees, and regulatory fines. As cyber threats increase in both frequency and financial toll, small businesses—often lacking sufficient cybersecurity defenses—are particularly vulnerable. The repercussions of a cyberattack can be catastrophic, with alarming statistics indicating that 60% of small businesses fail to survive more than six months after experiencing such an event. By obtaining cyber insurance, businesses can lessen the economic damage from these incidents, securing funds for legal costs, credit monitoring, and other critical expenditures. Additionally, in cases where hackers demand ransom for compromised sensitive data, cyber liability insurance can help businesses meet those demands, which aids in their recovery efforts. Therefore, investing in this type of insurance is not just a precautionary measure; it is an essential aspect of a small business's overall risk management plan. Ultimately, the importance of cyber liability insurance in today’s digital landscape cannot be overstated, as it equips businesses with the necessary resources to navigate the complexities of cyber threats effectively.
What is AXA XL?
Every organization that integrates technology into its operations encounters the looming risk of cyber attacks or data breaches. To protect your digital assets effectively, cyber liability insurance serves as a vital component. At AXA XL, we equip our clients with the knowledge and tools to understand and minimize cyber risks through a mix of proactive strategies, personalized support, and flexible coverages designed to safeguard a wide range of businesses before and after a cybersecurity incident. As a leading insurer in the realm of cyber and technology, we have the expertise to make a significant difference. For more than twenty years, we have been handling data breach incidents and evaluating cyber risks for our clients. Our tailored cyber and technology insurance policy, CyberRiskConnect, can be adjusted to meet the unique needs of your sector, providing expansive coverage and broader terms to combat the ever-changing landscape of cyber threats. This encompasses various industries, including retail, financial services, healthcare, professional services, manufacturing, higher education, and utilities, ensuring thorough protection for all. By selecting AXA XL, you are taking a proactive step to bolster your business against the unforeseen challenges presented by the digital era, allowing for a more secure operational environment. Additionally, our commitment to client education ensures that you remain informed about the latest cyber trends and best practices.
Integrations Supported
tldraw
API Availability
Has API
API Availability
Has API
Pricing Information
Pricing not provided.
Free Trial Offered?
Free Version
Pricing Information
Pricing not provided.
Free Trial Offered?
Free Version
Supported Platforms
SaaS
Android
iPhone
iPad
Windows
Mac
On-Prem
Chromebook
Linux
Supported Platforms
SaaS
Android
iPhone
iPad
Windows
Mac
On-Prem
Chromebook
Linux
Customer Service / Support
Standard Support
24 Hour Support
Web-Based Support
Customer Service / Support
Standard Support
24 Hour Support
Web-Based Support
Training Options
Documentation Hub
Webinars
Online Training
On-Site Training
Training Options
Documentation Hub
Webinars
Online Training
On-Site Training
Company Facts
Organization Name
Insureon
Date Founded
2011
Company Location
United States
Company Website
www.insureon.com/small-business-insurance/cyber-liability
Company Facts
Organization Name
AXA XL
Company Location
United Kingdom
Company Website
axaxl.com/insurance/products/cyber-insurance