Infoprotect UK’s Post

What if you could produce a report for your clients that not only reduces their cyber insurance premium but increases the level of cover they have? We understand that paperwork is often the last thing on a technologist's mind and asking them to complete a lengthy cyber insurance risk questionnaire is unlikely to happen quickly. In most cases, it falls on the IT professionals to tackle the cyber insurance proposal form. However, we've developed a proven method for efficiently gathering and presenting risk information to cyber underwriters, ultimately leading to more comprehensive coverage and favourable terms for your clients. Our approach eliminates the need for a traditional proposal form. Instead, we guide you through the entire process, addressing all the necessary questions. While there may still be documents to upload and a few details to provide, it's far less burdensome than trying to navigate a questionnaire alone. Plus, you can have confidence that the responses align with what the underwriters are seeking. What sets our approach apart is the collaborative effort between the client, the broker, Infoprotect, and the underwriter. Your clients can also rest assured that the information they provide will be available in the report we generate. This report outlines their current cyber status, areas for enhancement, and a roadmap to achieve those improvements. No more submitting a proposal and never hearing about it again! The data we gather offers the underwriter the necessary insight to accurately price the risk, and your clients will have a clear understanding of their coverage. In our recent case study, this approach enabled the underwriter to offer twice the coverage for just one-third of the original premium quoted to the client. This is why we believe our solution is a game-changer for brokers, insurers, and clients seeking cyber insurance. If you'd like to learn more, please don't hesitate to contact Brad Fraser for a confidential discussion. #cyberriskmanagement #cyberinsurance #insurance #insurers #cyberclaims #valueaddedservices #ransomeware #infoprotect

What if you could produce a report for your clients that not only reduces their cyber insurance premium but increases the level of cover they have? We understand that paperwork is often the last thing on a technologist's mind and asking them to complete a lengthy cyber insurance risk questionnaire is unlikely to happen quickly. In most cases, it falls on the IT professionals to tackle the cyber insurance proposal form. However, we've developed a proven method for efficiently gathering and presenting risk information to cyber underwriters, ultimately leading to more comprehensive coverage and favourable terms for your clients. Our approach eliminates the need for a traditional proposal form. Instead, we guide you through the entire process, addressing all the necessary questions. While there may still be documents to upload and a few details to provide, it's far less burdensome than trying to navigate a questionnaire alone. Plus, you can have confidence that the responses align with what the underwriters are seeking. What sets our approach apart is the collaborative effort between the client, the broker, Infoprotect, and the underwriter. Your clients can also rest assured that the information they provide will be available in the report we generate. This report outlines their current cyber status, areas for enhancement, and a roadmap to achieve those improvements. No more submitting a proposal and never hearing about it again! The data we gather offers the underwriter the necessary insight to accurately price the risk, and your clients will have a clear understanding of their coverage. In our recent case study, this approach enabled the underwriter to offer twice the coverage for just one-third of the original premium quoted to the client. This is why we believe our solution is a game-changer for brokers, insurers, and clients seeking cyber insurance. If you'd like to learn more, please don't hesitate to reach out to me for a confidential discussion. #cyberriskmanagement #cyberinsurance #insurance #insurers #cyberclaims #valueaddedservices #ransomeware #infoprotect

We know that the last thing a technologist wants to do is paperwork, asking them to complete a lengthy cyber insurance questionnaire is just not going to happen quickly! 9 times out of 10 it is the IT person who is asked to complete a cyber insurance proposal form. We have a tried and tested approach to collecting and presenting risk information to a cyber underwriter that can help you get better cover and better terms for your clients. Our approach removes the need for a proposal form, we walk you through the process including all the questions. Sure, there might be documents that you need to upload and we may need some more information on certain things but it will be a lot less painful than completing a questionnaire on your own, not knowing if the answers you give are what the underwriters are looking for. The beauty of our process is the collaboration between the client, broker, Infoprotect and the underwriter. Your client can also be assured that the information they provide will be available to them in the report we create that sets out their current cyber position, the areas that need improvement and a roadmap for making those improvements. It won't be a case of sending off a proposal and never seeing it again! The information provides the risk profile the underwriter needs to price the risk and the client knows exactly what they are covered for. In our case study this allowed the underwriter to give twice as much cover for a third of the original premium quoted to the client, which is why we think out solution is a game-changer for brokers, insurers and clients buying cyber insurance. If you'd like more information, get in touch with Brad Fraser today for a confidential chat. #cyberriskmanagement #cyberinsurance #insurance #insurers #cyberclaims #coalitioncyber #ransomeware #infoprotect

Cyber Insurance Brokers.... What if you could produce a Cyber Risk Assessment for your clients that not only reduces their cyber insurance premium but increases the level of cover they have? In most cases, it falls on the IT professionals to tackle the cyber insurance proposal form and paperwork is often the last thing on a technologist's mind Therefore asking them to complete a lengthy cyber insurance risk questionnaire is unlikely to happen quickly. However, Infoprotect UK have developed a proven method for efficiently gathering and presenting risk information to cyber underwriters, ultimately leading to more comprehensive coverage and favourable terms for your clients. Our approach, utilising Global Cyber Security Frameworks, eliminates the need for a traditional proposal form. Instead, we guide you and your client through the entire process, addressing all the necessary requirements. While there may still be documents to upload and a few details to provide, it's far less burdensome than trying to navigate a questionnaire alone. Plus, you can have confidence that the responses align with what the underwriters are seeking. What sets our approach apart is the collaborative effort between the client, the broker, Infoprotect UK, and the underwriter. Your clients can also rest assured that the information they provide will be available in the report we generate. This report outlines their current cyber status, areas for enhancement, and a roadmap to achieve those improvements. No more submitting a proposal and never hearing about it again! The data we gather offers the underwriter the necessary insight to accurately price the risk, and your clients will have a clear understanding of their coverage. In our recent case study, this approach enabled the underwriter to offer twice the coverage for just one-third of the original premium quoted to the client. This is why we believe our solution is a game-changer for brokers, insurers, and clients seeking cyber insurance. If you'd like to learn more, please don't hesitate to contact me for a confidential discussion. Brokerbility FortMesa CFC Coalition, Inc. Optimum Speciality Risks #cyberriskmanagement #cyberinsurance #insurance #insurers #cyberclaims #valueaddedservices #ransomeware #infoprotectuk

📢 Cyber Insurance Brokers: Measured Analytics and Insurance has you covered! Measured built the Broker Resources page to answer any questions you may have about Measured's CyberGuard 2023, Claims Process, and Underwriting Appetite: https://lnkd.in/eg566hfS    Here you’ll find the following resources, all available as downloadable resources.    ✔ CyberGuard 2023 Quick Facts: Start with the latest on CyberGuard 2023. This download provides quick facts and features a coverage guide as well (base form, endorsed, and provisions). https://lnkd.in/e7iqFwax   ✔ Digital Policy Hub: Want more detailed info? Visit the Digital Policy Hub to take a closer look at a CyberGuard 2023 policy. It’s all here, including what Measured will indemnify, definitions, and exclusions.  https://lnkd.in/d6nWaPay)   ✔ Cyber Breach Response: Curious about the claims process? Measured has detailed info on its cyber breach response (handled by Measured's capacity partner, Canopius Group). See all the steps involved in a complete 24/7-ready response.   https://lnkd.in/eiH9vP6M   ✔ Cyber Insurance Applications: See just how manageable our applications for coverage can be. We’ve included two application forms, one for firms with less than $100 million in revenue and one for those with more than $100 million in revenue.   Feel free to reach out directly. Measured's leading underwriters are ready to help you answer any questions that you may have: Andrew Page, Zankhna Kapadia, and Ted Applegate #cyber #cyberinsurance #riskmanagement #artificialintelligence #cyberrisk

Avoiding Claim Denials: Understanding the Pitfalls of Cyber-Liability Insurance #Cyber #liability #insurance is your safety net against the financial repercussions of cyberattacks and data breaches. However, understanding the common pitfalls that can lead to claim denials is equally important. Here are the top five reasons for claim denials and how to avoid them: 1. Poor Prevention Practices: Pitfall: Neglecting cybersecurity measures can lead to claim denials. Insurance providers expect businesses to take proactive steps to prevent cyber incidents. Solution: Invest in robust cybersecurity practices, regular employee training, and stay up-to-date with the latest threats and best practices. 2. Failure to Document Security Measures: Pitfall: Inadequate documentation of security measures can hinder your claim. Insurers may require evidence that you implemented preventive measures. Solution: Keep detailed records of cybersecurity measures, audits, and employee training. Proper documentation can strengthen your claim. 3. Third-Party Faults: Pitfall: Claims from third-party vendors or service providers may be denied if your policy doesn't cover them. Solution: Review your policy carefully and consider adding endorsements to cover third-party liabilities if necessary. 4. Accidental Errors: Pitfall: Mistakes or errors made by your employees can lead to breaches. Some policies may exclude coverage for unintentional errors. Solution: Train your employees rigorously and consider a policy that covers errors and omissions to ensure comprehensive protection. 5. Coverage Time Limits: Pitfall: Exceeding coverage time limits can result in claim denials. Be aware of the duration of your policy's coverage. Solution: Review and renew your policy promptly to ensure continuous coverage. Consider purchasing extended reporting periods if needed. Understanding these pitfalls and taking proactive steps can help you avoid claim denials when you most need cyber-liability insurance. Don't just rely on insurance; prioritize cybersecurity for your business's safety and success. Message #TotalCareIT at [email protected] for assistance today. #CyberInsurance #ClaimDenials #CyberSecurity #PreventionPractices #DataProtection

Insurance Companies & MGAs: 🔒 Protect Your Small Business Clients from Cyber Risks! 🔒 In today's digital world, cyber threats are on the rise, and small businesses are increasingly becoming targets. That's why every insurance company should offer Cyber Liability Insurance to their small business clients. 💼 Why go through all the trouble of filings, claims, and underwriting when we have done that for you? Admitted in all 50 States, our cyber program is an easy bolt-on coverage to your current commercial portfolio, including your workers' comp clients. 🌟Our Program: 1️⃣ Policy 1️⃣ Limit 1️⃣ Premium 🚫Underwriting 🚫Filing 🚫Claims 💲Lots of revenues 🚀Increased sales 🚀Increased retention Don't let your small business clients fall victim to cyber threats. Offer them the protection they need with Cyber Liability Insurance today! 💻🛡️ Email me at [email protected] to learn more about the Cyber Risk Purchasing Group insurance program that will put you ahead of your competition. #CyberInsurance #SmallBusinessProtection #Insurance #CyberDot #FunInsuranceSolutions #ArielRiveraSolutions #ARsolutions #CyberSolutions

In Australia, we are now starting to see an increase in what we call “enforced cyber insurance purchases”. These have been mostly by way of business contract requirements I.e. Licensor requirements to their Licensee’s, New business Tender requirements around carrying Cyber Insurance etc. The problem with this is that it rushes the process. There’s now deadlines in play, money on the line, and so the pressure piles on because it’s now very reactive instead of proactive. Our concern is that this is just with a few coming in here and there. If this becomes a thing for the majority of business tenders and contract requirements, (like we know it will eventually), businesses are all going to be scrambling to get this done at the same time. The result of this is that some will miss out on new business tenders, because they can’t get their cyber insurance cover in place on time. Then add in the obvious risks of these policies being placed with the wrong insurers for the risk, or incorrect information being used to get the cover over the line in time, and you have a very dangerous concoction in the event of a claim. The alternative? Start now. Be ready. Be the company who gets their business tender in first because you already carry Cyber Insurance. #cyberinsurance #infosure

Does your business qualify for cyber insurance? Our team of experienced professionals is dedicated to helping businesses navigate the complex landscape of #cyber #insurance. We understand that each business is unique, so we help identify risk, achieve compliance, and prove eligibility. Cyber insurance acts as your safety net in case of cyberattacks or data breaches. However, selecting the perfect policy can be overwhelming. That's where we step in! Tailored Solutions Our IT experts work closely with you to assess your specific cyber risks and needs. We then tailor a cyber liability insurance policy that perfectly fits your business. No one-size-fits-all solutions here! Qualify with Confidence You can confidently qualify for cyber liability insurance with our guidance and customized policies. We aim to ensure your business is well-prepared to face the challenges of the digital age. Don't leave your business's security to chance. Partner with us, and let our IT services pave the way to a more secure future. Protect your data, your reputation, and your peace of mind. Ready to get started? Contact us today for a consultation and take the first step towards a more secure tomorrow. Your business deserves nothing less! #CyberSecurity #ITServices #CyberInsurance #DataProtection #BusinessSecurity Qualify for cyber liability insurance with our expert IT services. We can help you choose the right customized policies to secure your business. Interested? Send #TotalCareIT a message at [email protected].

𝗜 𝗿𝗲𝗰𝗲𝗻𝘁𝗹𝘆 𝗵𝗲𝗹𝗽𝗲𝗱 𝗮 𝗦𝗵𝗲𝗹𝗹𝗽𝗿𝗼𝗼𝗳 𝗰𝗹𝗶𝗲𝗻𝘁 𝗿𝗲𝘃𝗶𝗲𝘄 𝘁𝗵𝗲𝗶𝗿 𝗖𝘆𝗯𝗲𝗿 𝗜𝗻𝘀𝘂𝗿𝗮𝗻𝗰𝗲 𝗮𝗻𝗱 𝗶𝘁 𝗰𝗵𝗮𝗻𝗴𝗲𝗱 𝗲𝘃𝗲𝗿𝘆𝘁𝗵𝗶𝗻𝗴..... Imagine this: You think you’re fully protected with cyber insurance, but when an incident hits... you find out you’re on the hook for the majority of the costs. 😬💸 The reality is, many businesses assume their cyber insurance policy has them covered from all angles, only to discover gaps when it’s too late. Here’s why it’s critical to understand exactly what’s covered: • 🚫 Exclusions Exist: Many policies have exclusions for common attack types, like phishing or social engineering. Are those covered under your policy? If not, those are costs that could hit you hard.    • 💸 Cost of Recovery: Cyber insurance might cover immediate damages, but what about the cost of ongoing recovery, lost business, or regulatory fines? Understanding where the boundaries of your policy lie is key to avoiding nasty surprises.    • 💡 Sublimits Can Limit Your Coverage: Your policy may include sublimit caps on specific types of claims, like data breaches or ransom payments. Even if you think you’re covered, sublimits can significantly reduce how much the insurer will actually pay, leaving you to pick up the rest of the bill. Knowing your sublimits is just as important as knowing your overall coverage.    • 🔄 Compliance Requirements: Some policies require that you meet certain security standards to qualify for coverage. If you’re not meeting those standards, your claim could be denied leaving you with a big problem.    • 👥 Incident Response: Does your insurance help you with incident response, or are you on your own to figure out what to do next?    Cyber insurance isn’t a magic safety net. It’s a tool, but it’s only effective if you understand what it covers, what it doesn’t, and what responsibilities fall on you. The best strategy? Combine a strong cybersecurity program with a clear understanding of your insurance policy. And remember investing in compliance like CMMC doesn’t just prepare you for government contracts, it can also reduce your risk profile and lower those insurance costs. ✅ Want to make sure you’re truly covered, compliant, and saving on costs? Drop me a DM and let’s walk through how to align your cybersecurity strategy with your insurance policy before the unexpected happens. #CyberInsurance #CybersecurityAwarenessMonth  #BusinessSecurity #CMMC #InsuranceSavings