Today, we’re asserting our partnership with SecurityScorecard, a famend authority in cybersecurity scores. In becoming a member of forces, our two organizations proceed to enhance the insurance coverage shopping for course of for companies by integrating cybersecurity hygiene instantly into the method.
This partnership is a win for policyholders as firms with an A grade from SecurityScorecard are actually eligible for as much as a ten% low cost on their Technology E&O/Cyber Liability insurance policies. To see should you qualify, get your free SecurityScorecard account right here.
A Fusion of Expertise
Embroker’s repute for modern insurance coverage options merges seamlessly with SecurityScorecard’s experience in cybersecurity evaluation. This collaboration is underpinned by a shared imaginative and prescient of elevating cyber safety and offering companies with the instruments they should thrive in an more and more digital world.
SecurityScorecard’s scores are a trusted measurement of cybersecurity danger. Organizations with an “A” score from SecurityScorecard have been proven to be 7.7 occasions much less more likely to be breached versus these with an “F” score. In mixture with Embroker’s experience in cyber legal responsibility insurance coverage, this partnership creates a complete answer for companies to handle their cyber danger.
Key Benefits of the Partnership
The alliance between Embroker and SecurityScorecard introduces two pivotal benefits for shoppers searching for cyber legal responsibility insurance coverage:
Streamlined Insurance Application Process
Thanks to this partnership, companies making use of for expertise errors and omissions and cyber legal responsibility insurance coverage by Embroker will expertise a streamlined utility course of. Embroker, by a digital integration with SecurityScorecard, can scale back the variety of questions usually required in the course of the utility part. This not solely saves time but in addition ensures a extra correct evaluation of an organization’s danger profile.
How It Enhances the Experience:
- Simplified Application: Fewer questions. By figuring out your cybersecurity hygiene score from SecurityScorecard, Embroker can ship a streamlined, easy utility course of.
- Accurate Risk Assessment: More tailor-made coverage options. Based on SecurityScorecard’s complete cybersecurity scores, Embroker can extra precisely ship firms the protection they want for the place they’re.
Continuous Cyber Health Monitoring
A standout characteristic of this partnership is the mixing of steady cyber well being monitoring over the time period of the insurance coverage coverage. Embroker, using the insights supplied by SecurityScorecard, will be capable to monitor and deal with potential digital safety considerations all through the coverage’s period to supply ideas for additional enhancements and digital protections.
Advantages of Continuous Monitoring:
- Proactive Risk Management: Hourly, day by day, and weekly monitoring permits for instant identification and response to rising cybersecurity threats.
- Dynamic Policy Adjustment: Insurance protection may be adjusted dynamically in response to modifications in an organization’s cyber well being profile.
Industry-Wide Implications
By intertwining cybersecurity evaluation with insurance coverage choices, Embroker and SecurityScorecard are setting a brand new commonplace for industrial insurance coverage.
Uplevlelling Insurance Practices
The integration of cybersecurity scores into the insurance coverage utility course of and the supply of ongoing cyber-health monitoring are poised to change into vital within the industrial insurance coverage business. This method promotes a extra knowledgeable and responsive insurance coverage panorama.
Enhancing Cybersecurity Awareness
The partnership underscores the crucial position of steady cybersecurity vigilance. It highlights how integral cybersecurity just isn’t just for operational safety but in addition for monetary and reputational safety.
Moving Forward
The collaboration between Embroker and SecurityScorecard is a testomony to each firms’ dedication to innovation and excellence.
This partnership between Embroker and SecurityScorecard is greater than a collaboration; it’s a dedication to remodeling how companies method and handle digital danger. It’s a step in direction of a future the place cybersecurity and insurance coverage are intrinsically linked, offering companies the arrogance to navigate the digital panorama safely and efficiently.
To see should you qualify, get your free SecurityScorecard account right here.