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Description

Cyber risks present significant challenges for companies worldwide. To combat these threats, Everest’s Cyber Liability team provides innovative and tailored solutions through the Everest Elevation® Insurance Policy. With a wealth of industry expertise, Everest’s skilled underwriters and claims professionals guide clients through the changing cyber environment. The Everest Elevation® policy encompasses pre-breach services and extensive coverage suitable for various sectors. Our comprehensive resources feature ongoing, customized security measures throughout the policy's duration, meticulously crafted defense strategies, robust insurance coverage, and incident response assistance to promptly restore business operations following a cyber incident. Additionally, the Business Interruption coverage includes full limits for expenses incurred by third-party forensic accountants, ensuring businesses are fully supported during crises. Ultimately, our goal is to empower organizations to thrive even in an uncertain cyber landscape.

Description

Cyber liability insurance serves as a safeguard for small businesses against the substantial financial repercussions stemming from data breaches and cyberattacks. It encompasses various costs, including notifying customers, providing credit monitoring services, covering legal expenses, and paying fines. With the rise in frequency and cost of cyber threats, small businesses, often equipped with inadequate cybersecurity measures, find themselves at heightened risk. A cyberattack can have dire consequences, potentially leading to a business's closure; startlingly, 60% of small businesses do not survive beyond six months following such an incident. By securing cyber insurance, businesses can mitigate the financial fallout from these attacks, ensuring coverage for legal fees, credit monitoring, and other significant expenses. Furthermore, in instances where hackers demand ransom for stolen sensitive information, cyber liability insurance can assist in meeting those demands, facilitating a more robust recovery process for the affected business. Thus, this type of insurance is not merely a precaution but a vital component of a small business's risk management strategy.

API Access

Has API

API Access

Has API

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Integrations

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Integrations

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Pricing Details

No price information available.
Free Trial
Free Version

Pricing Details

No price information available.
Free Trial
Free Version

Deployment

Web-Based
On-Premises
iPhone App
iPad App
Android App
Windows
Mac
Linux
Chromebook

Deployment

Web-Based
On-Premises
iPhone App
iPad App
Android App
Windows
Mac
Linux
Chromebook

Customer Support

Business Hours
Live Rep (24/7)
Online Support

Customer Support

Business Hours
Live Rep (24/7)
Online Support

Types of Training

Training Docs
Webinars
Live Training (Online)
In Person

Types of Training

Training Docs
Webinars
Live Training (Online)
In Person

Vendor Details

Company Name

Everest Insurance

Founded

1973

Country

United States

Website

www.everestre.com/Insurance/Products/Financial-Lines/Professional-Liability/Cyber-Liability

Vendor Details

Company Name

Insureon

Founded

2011

Country

United States

Website

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

Product Features

Product Features

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