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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 Berkley Cyber Risk Protect?

Berkley Cyber Risk ProtectSM provides extensive cyber insurance coverage for both first and third parties, allowing for customizable limits and retentions within a yearly policy aggregate, enabling policyholders to choose coverages that best fit their individual needs. Furthermore, it covers the costs associated with upgrading, repairing, and improving computer systems, alongside expenses for creating and strengthening data security measures and protocols. This customized approach empowers businesses to effectively adapt their cyber risk management strategies to suit their distinct operational requirements. Moreover, such flexibility helps organizations remain resilient in the face of evolving cyber threats and challenges.

Media

Media

Integrations Supported

Additional information not provided

Integrations Supported

Additional information not provided

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

Berkley Cyber Risk Solutions

Date Founded

2016

Company Location

United States

Company Website

www.berkleycyberrisk.com/Services

Categories and Features

Categories and Features

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