Best Cyber Insurance Companies of 2024

Cyber-attacks and insurance rates are increasing while coverage is declining. Underwriting forms are as old as 8-bit. No one asked: How could MSPs assist? Integrate your existing tech with Cork's engine for analyzing attack surfaces to find and close any gaps in real-time. Convert risk signals to actionable remediation insight for your team using the tools they use already. Cork's claims team can provide instant coverage, a digitized claim process and live support based on your security telemetry. We're partnering up with you at Cork to help you navigate the cybersecurity path. We are committed to our mission of providing you with the best-in class technology to keep your clients safe while giving you all the tools and support that you need to continue growing. You can count on Cork to protect you. Cork was founded when we realized that the cyber insurance industry was broken.

Upfort shield provides layers of cyber security that are proven to reduce the likelihood of ransomware and other cybersecurity incidents. Upfort-powered insurers offer robust coverage and market-leading values with no hassles. Catch dangerous links used to steal data, download malicious software and compromise security. Warn users of suspicious financial requests or scams before transferring funds. Impersonation attempts are often used to trick users into taking unauthorised actions. Upfort's AI-powered solutions are an effective way to add a layer of protection, whether you're just starting out on your security journey or already have extensive controls in use.

Businesses can customize coverage to meet their specific exposures and needs with DigiTech®, ERM, and Chubb's Widespread Events coverage. This provides greater coverage certainty and long-term stability in cyber insurance. High-quality, customizable solutions that meet clients' individual needs, regardless of their size, industry, or type of risk. A broadened definition of protected information includes biometrics, internet browsing histories and personally identifiable photos and video. To address the evolution of hosting and data storage, coverage territory is applicable to any place in the universe. Ransomware encounter endorsement addresses the growing risk of ransomware. It allows for a tailored set coverage, limit, retention and coinsurance that can be applied uniformly across all cyber coverages.

Cybercriminals continue to cause havoc on businesses of all sizes. The results are shocking. Ransomware attacks cost an average $5 million and take an average of 191 days to uncover that an organization has been compromised. Every business is at risk as cyberattacks increase in severity. CNA has nearly two decades worth of cyber insurance experience and offers a leading suite of cyber insurance products for all businesses. Our Underwriting and Risk Control professionals provide industry-specific coverages and the tools and resources necessary to understand and address potential losses. Our skilled Claim professionals will work with policyholders to ensure that everyone can focus on their business, even if there is a data breach.

The Hanover can provide a cyber solution for any business, no matter how large or small. Through our financial strength, preferred provider network, and tailored coverage, we offer an all-inclusive cybersecurity solution for small and medium-sized businesses with limits up to 10 million. As part of a total account solution, coverage can be added to a business owner's or commercial package policy. You can choose to have the coverage as a standalone policy or as part of a convenient package of management liability coverages. Our Hanover Technology Advantage includes coverage because tech companies are increasingly at risk from cyber risks, including errors and omissions.

Resilience is a new approach to cyber insurance for the middle market. We offer a top-rated carrier with an in-house claims team and a fresh approach to cyber insurance. Your cyber resilience is our business. Our services include comprehensive insurance coverage at bind, loss mitigation services post-bind, and custom, ongoing security services during the policy's lifecycle. We offer a complete ecosystem of security, insurance and claims, all supported by superior data gathering, analytics, to provide tailored defense, coverage and support for mid-market businesses. We help organizations manage their increasing dependence on cloud systems and new risks, such as misconfigured services or perilous home network security, as they shift to remote work.

HSB Cyber Suite, a comprehensive cyber insurance program, provides protection against a variety of cyber risks for small and medium-sized businesses. HSB has a wealth of experience and expertise in cyber risks and HSB Cyber Suite coverages have been designed to keep up with the changing cyber risk landscape. HSB Cyber Suite provides multiple layers of protection against complex cyber threats. Pays insureds for forensic, breach notification and credit monitoring services, legal counsel and PR services, reputational damage, reward payments and regulatory fines and penalty, as well as PCI assessments, fines, and penalties. Third party coverage for lawsuits brought by the affected or for state or regulatory agency judgments.

We are proud to introduce you to our business unit, which offers a wide range of innovative specialty insurance products. We are confident that you will find our flexibility and creativity helpful in building strong relationships for your clients. Tokio Marine's financial strength, history, and global leadership will ensure that your clients have confidence in the innovative solutions we offer. Our cyber and state-of the-art tech solutions are designed to offer more than just insurance. Our insurance covers a wide range of cyber and privacy risks. However, our innovative risk management services such as CyberNet®, and our expert cyber claims team are excellent resources to help businesses stay ahead.

Berkley Cyber Risk ProtectSM offers extensive first and third-party cyber coverage. It also allows for separate retentions and limits, subject to an annual policy aggregate. This gives policyholders the flexibility to select only coverages that meet their needs. Reimbursement of costs to replace, repair and improve computer systems as well as the establishment and improvement of data security policies and practices.

You can focus on your business knowing that you have the cyber risk coverage that will keep your company protected. You can tailor your coverage using our three options: Cincinnati Data Defender™, Cincinnati Network Defender™, and Cincinnati Cyber Defense™. You will receive coverage for the response to a data breach and any expenses related to assisting those affected. Financial protection in the event of a data breach. Personal services and reimbursement to owners and key employees who have suffered identity theft. Cyberattack coverage, including ransomware, cyber extortion, data and system recovery, lost income, and public relations expenses. Financial protection in the event of a cyberattack or allegations of injury resulting from electronic communications.

We offer the best service to our clients and broker partners by using a selective distribution model. We offer the benefits of a global corporate presence with regionally accessible claims contacts and underwriting. We can help you manage cyber risk via full participation or quota shares, and we have both excess and primary products. Aspen has an integrated claims and underwriting team that has seen it all. This means clients can be confident in Aspen's years of experience as well as carefully chosen, built-in incident response service. Our strong risk management services are an important aspect of what we offer. We understand risk and support our customers before, while, and after an incident. This adds value to their business as well as helping to mitigate the impact of claims.

It can be costly and time-consuming to recover from a breach. Our dedicated team of experts will be there to help you every step of your recovery process. Our panel of experts offers a variety of resources to help you when you need them most. This includes breach response, legal, forensic investigation and credit monitoring. Call center management, loss control, public relation, and more. Cyber 360 policyholders have free access to QuietAudit through our partnership with NetDiligence. This tool allows you to assess your protections and controls to protect against these serious cyber threats. Cyber 360 policyholders have unlimited access to the NetDiligence®, eRiskHub®, an internet cyber risk management portal that provides tools and information to improve the protection of their business. The eRiskHub portal provides resources to assist with the most common cyber threats.

Your law firm is more vulnerable to cyber risks if it relies on the Internet, wireless connections and mobile devices, as well as other technology. Your law firm could also be at greater risk of data security breaches than you might think. Learn more about Cyber coverage designed for law firms Attorneys have a responsibility to protect client information. Therefore, you need to ensure that your computer systems and computers are protected. USI Affinity is pleased to offer to law firms coverage with Crum & Forster. Crum & Forster provides comprehensive cyber insurance coverage that includes three core components to help entities manage their computers, privacy, as well as other risks. Special endorsements are available for all sizes of firms, whether they are solo practitioners or large companies. Your coverage is tailored and focuses on you.

Flexible follow-form excess policy that can be used as a standalone policy or combined with cyber security/privacy/technology - accepted in all states, except AK, HI and SD. A cyber liability policy that is accepted for small and medium-sized businesses. It is the only admitted quote/bind/issue system that can take less than two minutes. For insurance agents and self-employed people, a cyber liability program to protect their business from incidents that involve the preach of private communications.

Great American's excess cyber-risk offering is simple and flexible. Our policy is easy to follow and can be endorsed to drop below sub-limits for different coverages such as social engineering and contingent business disruption. Great American supports excess programs that cover a wide range of risks, from government entities to non-profit organizations to private and public companies. Our underwriters have the experience to assist clients with accounts with revenues of up to $250 Million.

Smart Cyber Insurance policies start with information gathered via the Corvus Scan, which helps to quantify cyber risks. Our team can quickly determine the best pricing and coverage options, allowing them to provide the best pricing. Each policy comes with a Dynamic Loss Prevention™ report that includes detailed IT security recommendations. It also gives you access to our Risk & Response Services, which can be used for proactive risk management and vulnerability alerting. Our proprietary underwriting process uses machine learning and new data sources to quickly quote cyber insurance coverage for most accounts. We also provide our experienced underwriting team with the tools and insights they need to tackle complex risks. The CrowBar broker platform by Corvus optimizes quoting. It allows brokers to request and get quotes in minutes for most accounts.

Cyber Liability Insurance is essential if you have client data stored on your computer, cell phone, or office files. Even if your data is stored by a third party company like a warehouse, a mover or data storage provider you can still be held responsible for any data breaches. Cyber liability policies protect you and your practice. Policyholders have the option to add an Optional 1 Party Breach Endorsement, which provides additional protection for data breaches that are directly caused by you or your staff. NASW members pay $20 annually for the optional coverage. It covers office workers in the following classes: secretary, receptionist, administrative clerical worker, and administrator clerical worker. If you need additional coverage for HIPAA coverage that is not covered by your NASW RRG professionals liability policy, the Optional First Party Breach Endorsement would be highly recommended.

Businesses around the world are at risk from cyber exposures. Everest's Cyber Liability team offers innovative and customized solutions to Cyber Liability through the Everest Elevation® Insurance Policy. Everest's team of experienced underwriters and specialized claim professionals have extensive industry knowledge and experience to assist clients in navigating the changing cyber landscape. Everest Elevation®, offers comprehensive coverage for businesses in all industries and pre-breach services. Our full range of resources includes custom, ongoing security services throughout the policy's lifecycle, robust coverage, and incident support support in the event that a cyber-attack occurs to get your business back on its feet. Business interruption includes unlimited 3rd-party forensic accountant expenses.

Although not all of these could have led to identity theft they could have each theoretically triggered a lawsuit from the person affected. Cyber insurance covers the costs associated with these lawsuits if they are directed at your startup as well as the costs of helping victims of breaches recover. Cyber insurance was created to help companies manage the risks of storing and processing customer information. It can provide services that help reduce the risk of a lawsuit in the event of a data breach or cyber incident. Cyber insurance is essential because so many startups are powered by data. Vouch's Cyber policy can offer protection even if you're not fueled by data. Our coverage covers both electronic funds transfer and social engineering scams. Both can happen at any time. Once you have the first form completed on your website, you will have customer data.

Simply because you are reading this online, it means that you are connected to some kind of cyber network. Cyberattacks are possible simply because you're online. According to the Federal Communications Commission, digital information, including customer payment and personal information, is more often stolen than physical property theft. Cyber insurance is essential to protect your business. There's a good chance that we can provide cyber insurance for your small business through our online quote form. Cyber insurance, also known as cyber liability insurance, covers the costs associated with customer data theft, cyberattacks and fraud.

1Fort is a commercial insurance marketplace which combines best-in class coverage with proactive solutions to reduce insurance premiums for clients. Streamline insurance management with expert resources, tools and guidance to achieve compliance. 1Fort automates and streamlines the process of obtaining and maintaining commercial insurance. Businesses can save time, unlock savings and reduce risk. Software that reduces premiums and expenses. AI-powered software that reduces risk and offers leading insurance coverage. Risk management can be automated and you can get protected in minutes.