CYBER INSURANCE

According to a recent Tenable report, 91% of organizations have experienced at least one damaging cyber attack over the past two years. Despite this, many small and medium-sized enterprises (SMEs) struggle to get the coverage they need to handle their risk due to difficulties in distribution, lack of resources in addressing risk exposures, and poor understanding of the cyber threats they may face.

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One of our partner insurers has made the linked  free booklet available to insured:  Cyber Insurance for dummies.

 

Jorgensen & Company works with multiple stand-alone cyber insurers that can offer comprehensive coverage solutions to professionals and Small and Medium Sized Enterprises.  These policies can be tailored to the unique needs of each firm or business. Our partners include:

 

CFC Underwriting: https://www.cfcunderwriting.com/en-us/cyber/

Coalition: https://www.coalitioninc.com/

Cowbell:  https://cowbell.insure/

 

…and many other domestic and international insurers.

Coverage may include:

 

• Ransomware – coverage to pay the costs to restore your data and get you up and running again.

• Wire Fraud & Social Engineering – coverage for attacks which attempt to convince an officer or employee to transfer funds to a third party.

• Phishing and Data Breaches – coverage for claims arising from third party access to email or breaches of a network, including expenses, credit monitoring and regulatory penalties.

• Web Content liability

• Cyber Extortion

• Business Interruption and extra expenses

• Digital asset restoration

• Reputation harm

• Crime coverage

 

Coverage is underwritten by “A” [Excellent] insurers (per A M Best) and Lloyd’s of London underwriters.

 

The underwriting process is relatively simple and an estimate of terms can be provided quickly.

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Contact Rebecca Lombardi on (725) 231 7995 or Rickard Jorgensen at (725) 231 7959, or a member of the cyber insurance team, for more details.