Cyber and technology insurance

Cyberattacks are now a constant threat, with criminals constantly adjusting to evolving security. That means you’re no longer protected by the supplemental cybercoverage traditionally added to a standard business policy. Instead, you need specialized cyber and technology liability insurance that adjusts to rapid changes in the cyber-risk landscape.

And because cyberpolicies aren’t standardized, you also need a service-minded partner with enough experience to decipher ambiguous policy language and pinpoint coverage differences before recommending the correct coverage. Connected Risk Solutions has those experts.

Our process

Thorough, accurate quoting
Every policy form and quote is carefully reviewed, with coverage deficiencies highlighted and their implications explained.
Strategic marketing
We canvas key insurers to find the most competitive terms and pricing for every policy, whether it’s new or up for renewal.
Highly visible submissions
Every marketplace submission includes the details needed to move it to the top of our underwriter’s desk, so you’re more likely to get a quick, positive response.
Collaborative partnerships
We work with every retail partner to produce educational marketing content, webinars and other forward-looking materials to generate more cyber-related discussion at your agency and with your clients.

Target classes

The list below is only a sampling of our most common target classes.
Feel free to contact us for partnership opportunities in other classes as well.

  • Healthcare
  • Real estate
  • Manufacturing and distribution
  • Transportation
  • Technology
  • Finance, financial services and insurance
  • Hospitality and entertainment
  • Construction
  • Energy
  • Food and beverage
  • Professional services
  • Wholesale and retail
  • Education
  • Arts, entertainment and recreation
  • Energy
  • Public entities
  • Municipalities
  • Cryptocurrency
  • Political entities
  • Casinos, gaming and gambling
  • Managed service providers
  • Social media
  • Government agencies
  • Law firms
  • Data aggregators
  • Professional employer organizations (PEOs)

Cyber insurance

Every business is at risk, regardless of size or industry. Because hackers are continually refining their methods and adding new targets, our experts design responsive, stand-alone cyber-risk policies that include specific coverage for each client’s individual risk profile and needs.

  • Third-party liability
  • First-party cost and expense
  • Data loss, recovery and recreation
  • Business interruption
  • Fraudulent funds transfer
  • Cyberextortion
  • Media

Technology E&O

Along with cyber liability insurance, technology errors and omissions (E&O) is a must for technology companies. With this coverage, if a third party claims a financial loss due to one of your company’s products or services, you’ll be protected from the financial consequences of defending yourself, as well as any related settlements or judgments.

Market access

Connected Risk Solutions leverages more than 45 admitted and non-admitted cyber insurance markets place risks of any size or complexity. In addition, our longstanding carrier partnerships allow us to stay ahead of emerging threats and develop exclusive programs.

Understanding insurance carrier requirements

As businesses expand the use of technology to optimize customer experiences and streamline operations, they also elevate the potential for cybercrimes. A digital transformation without proper security controls or risk management programs in place gives malicious actors more opportunities to exploit your vulnerabilities.

In addition, many insurance carriers require companies to already have cybersecurity measures in place before they’ll consider underwriting a risk. The challenge of finding appropriate cyber insurance is compounded by the reality that many insurers have become wary of providing this type of coverage as claims grow in severity, frequency and unpredictability.

Connected Risk Solutions understands these challenges and can help you develop an effective cybersecurity program that protects your company and meets or even exceeds carrier expectations.

Examples of supplemental cybersecurity measures

  • Employee awareness training and phishing simulations
  • Multi-Factor Authentication (MFA) for all users
  • System-wide password manager
  • Virtual private network (VPN)
  • Principle-of-least-privilege policy
  • Remote desktop protocol (RDP)
  • Air-gap technique and encryption of all system back-ups
  • Removal of end-of-life (EOL) and end-of-service life (EOSL) devices and software
  • Endpoint detection and response (EDR) solution to monitor and stop suspicious activity
  • Enabling and analyzing device logs
  • Patch management program
  • Incident response plan and testing

Connected highlights

Primary, excess and contract-specific policies
Nationwide availability
A-rated, admitted and excess and surplus (E&S) lines carriers
Policy form and quote comparisons

Explore our other solutions

Cyber Highlights