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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 Embroker?

Embroker offers a comprehensive solution for acquiring cyber liability insurance, designed to safeguard against both direct and indirect financial impacts resulting from data breaches and various cybercrimes that could threaten the confidential information of organizations and their customers. This type of insurance, often referred to as "cyber risk insurance" or "cyber liability insurance," enables businesses to alleviate the financial burden linked to recovering from cyber security incidents and similar events. A significant aspect of any cyber insurance policy is network security coverage, which is activated during security failures such as data breaches, malware incidents, ransomware attacks, and unauthorized access to business accounts and email systems. Beyond covering immediate losses, these policies also address liability claims and other associated expenses that may arise following an attack or breach, making them a vital protective measure for contemporary businesses. As the digital landscape continues to change, the importance of having strong cyber insurance grows, as it plays a critical role in ensuring operational continuity and shielding companies from the threat of severe financial setbacks. Consequently, investing in such insurance is not just a precaution, but a necessary strategy for any business looking to thrive in today's technology-driven environment.

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

Embroker

Date Founded

2015

Company Location

United States

Company Website

www.embroker.com/coverage/cyber-insurance/

Categories and Features

Categories and Features

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