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.
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.
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.
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.
Our agents are highly specialized in cyber and tech insurance solutions and risk management programs.
We deliver specialized proposals and innovative placement methodologies, while maintaining unparalleled service.