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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 CNA?
Cybercriminal activities are creating major upheaval for companies of all sizes, with the consequences being deeply concerning. The average cost of a ransomware incident is approximately $5 million, and it usually takes organizations about 191 days to detect that they have been breached. As cyberattacks become more common, every business faces the possibility of such threats. CNA offers a wide array of cyber insurance solutions, coupled with risk management tools tailored for enterprises of various sizes, leveraging nearly two decades of expertise in the industry. Our dedicated team of Underwriting and Risk Control professionals provides personalized, relevant coverage alternatives and empowers businesses with critical resources to pinpoint weaknesses and effectively reduce potential damages. Furthermore, when a data breach occurs, our skilled Claims staff works diligently alongside policyholders, allowing them to concentrate on their primary business functions while addressing the complexities involved. This forward-thinking strategy not only protects businesses but also builds resilience against the growing dangers present in the digital world, ensuring they are better equipped for future challenges.
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
CNA Insurance
Date Founded
1897
Company Location
United States
Company Website
www.cna.com/web/guest/cna/products/cyber