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What is Sompo International?

We work hand in hand with our clients at every phase of the account lifecycle to efficiently Mitigate, Protect, and Respond, employing tools for pre-underwriting evaluations alongside coordinated claims services and responses. Our range of products is available either as individual offerings or bundled with professional liability coverage, supplying both first and third-party cyber liability insurance to organizations across various sizes and industries through our adaptable policy framework, Sompo Premier Professional. This insurance encompasses provisions for managing and safeguarding sensitive personal, health, and corporate data, including funds allocated for court-ordered restitution to consumers, in compliance with both state and federal regulations. Furthermore, our optional Breach Assist endorsement caters to privacy breach expenses, charging either by a specific dollar amount or on a per-person basis, distinct from the overall liability limit of the policy. By providing these extensive solutions, we guarantee that our clients receive customized risk management strategies that align with their unique requirements. This commitment to tailored service not only enhances our clients' security but also fosters long-term partnerships built on trust and reliability.

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.

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

Sompo International

Date Founded

2001

Company Location

United Kingdom

Company Website

www.sompo-intl.com/insurance/cyber-network-risk/

Company Facts

Organization Name

Insureon

Date Founded

2011

Company Location

United States

Company Website

www.insureon.com/small-business-insurance/cyber-liability

Categories and Features

Categories and Features

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