Infoprotect UK’s Post

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

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 cover 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

If you have previously considered #cyberinsurance and have baulked (or even fallen off your chair) at the cost, now may be a good time to reconsider and get some updated quotes from your broker. Of course, while a very good #riskmanagement technique for residual risk, a cyber insurance policy should be your *last* line of help with regard to #cyberrisk. Before considering cyber insurance, your organisation should have a strategy to manage cyber risk - through effective #governance, #prevention, #detection, #response, and #recovery processes and controls. These things are what my team and I can assist with. And of course, when buying a cyber insurance policy, make sure you understand the policy inclusions and limits. And … it never hurts to ask that if an #incident were to ever occur, your policy allows you to call the KordaMentha #cyber and #forensics team to assist you. After all, in times of crises, experience is everything.

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

Does your answering service have adequate cyber insurance coverage? Here are a few questions you should think about when reviewing or buying a cyber insurance policy. If you want more information, comment on this thread: "Can you host a webinar on this topic?" Is your policy limit sufficient to cover the full cost of a cybersecurity attack, including incident response, legal fees, ransom payments, business interruption, and data recovery? Do you rely on your E&O policy for cybersecurity? What happens if you have a cybersecurity incident after you made a separate claim on your E&O policy? Does your cyber insurance policy have a sub-limit for ransomware? Does your cyber insurance policy have a phone number to call when you experience an attack? Does your insurance provider have a cyber incident coach, often an attorney, who can explain the legal ramifications of the incident? Does your insurance provider have an incident response (IR) firm they contract with to get you the best rates? Or are you required to find your own IR firm? Does your cyber insurance policy require you to meet certain requirements to be paid out for an insurance claim? If a customer sues you for lost revenue because your answering service could not take calls for them, will your insurance provider cover lost damages? If you want more information, comment on this thread: "Can you host a webinar on this topic?" #cybersecurity #insurance #cyber #cyberinsurance #ransomware

I love this post by Joseph S. Erle, MBA, CIC, CRM, TRA especially after his eye opening #23andMe “credential stuffing attack” post. I totally agree, “cyber insurance isn’t enough to protect your business and it won't be your silver bullet against bad actors.” What he said here struck me the most: ”Don't misunderstand – cyber insurance is crucial. But it's most effective when reinforced with: • Robust cybersecurity infrastructure • Regular vulnerability assessments • Comprehensive employee training • Well-rehearsed incident response plans Remember: Insurance is like body armor. It offers protection, but it doesn't make you invincible or teach you combat skills. As a broker, l'm not just here to sell you insurance. I'm here to help you manage risk.” Joseph is an expert at managing risk. He is a cybersecurity and cyber insurance professional and thought leader, and I am impressed by the informative and educational content he shares helping businesses understand the security landscape, threats, and risks. If you are an industry leader or business follow Joseph S. Erle, MBA, CIC, CRM, TRA and make sure to reach out to him to discuss your risks and strategies to ensure that you are not left vulnerable to the high cost of security threats. #cybersecurity #thoughtleader #cyber #risk #ransomware #cyberinsurance #cybercrucible

Welcome to my first installment of quick read Cyber coverage tips in 2025. This week’s topic - WAITING PERIODS! ⏰⏰⏰ As Tom Petty once crooned, “the waaaaiting is the haaaardest part.” Anyone who is familiar with cyber insurance knows that a Waiting Period will apply before triggering coverage for business interruption caused by a security breach or system failure … but not all Waiting Periods are the same. There are two basic kinds. Let’s say your policy has an 8 hour Waiting Period on the Declarations. In the fine print, one policy form may say that once 8 hours have elapsed, the insured’s interruption damages will be calculated from that point forward until the interruption essentially ends (Period of Recovery). Other forms, with what are known colloquially as “qualifying” Waiting Periods, will say that once the interruption has surpassed the 8 hour mark, coverage is triggered, but damages will run from the time the interruption began, essentially turning back the clock and capturing the previous 8 hours of interruption damages. This provides a broader and more favorable Period of Recovery. In many instances, the damages sustained in those initial hours can be substantial! Be sure to review your policy and determine which kind of Waiting Period you have. If you have the more basic version, consider amending that with your carrier to the “qualifying” version to better protect your business from immediate impacts of an event that halts operations. Many carriers have endorsements that can accomplish this if it is not in their base form. I hope this was helpful and I am open to addressing any other cyber insurance coverage topics you’re interested in hearing about in the comments! #cyberinsurance

🔐 Did you know that October is cyber security month? In light of cyber security month, we’d love to highlight the increasing benefits cyber security delivers toward collection agencies! 💡Many teams serving in collection agencies and professional business services may not recognize exactly what makes cyber insurance an asset. Here’s the TOP 5 reasons why cyber security is important to collection agencies like you: ✅Protect Sensitive Data Cyber insurance provides essential coverage that may protect critical business and customer information from breaches and cyberattacks. By doing so, it mitigates the risks of identity theft and fraud while ensuring compliance with regulatory obligations. ✅Client Requirements Many clients now mandate that their vendors carry cyber insurance as part of their contractual agreements. Having this coverage not only provides a competitive advantage but also strengthens partnerships by fostering trust and transparency with clients. ✅Maintaining Reputation A robust cyber insurance policy may allow businesses to respond effectively to data breaches, thereby protecting their reputation. Quick and efficient incident response helps preserve client trust, which is vital for maintaining long-term relationships and securing repeat business. ✅Efficient Office Operation Cyber insurance may aid in quickly restoring operations following a cyber incident, minimizing downtime. By covering recovery costs, it ensures that businesses can continue operating seamlessly, allowing them to allocate resources effectively towards core operations rather than crisis management. ✅Protected Finances Cyber insurance may help cover the financial losses associated with data breaches, including legal fees and notification expenses, thereby ensuring business stability. By securing financial resources, organizations can focus on growth and innovation without the fear of crippling losses from potential cyber incidents. Let’s ensure the highest level of security for your agency, connect with WAVE: 📞1-855-809-5166 📞WAVE Core TF: 888-688-6551 💻hello@waveins.ca 🌊Visit our website for more details! https://lnkd.in/gCPGkDrz #Collections #DataSecurity #Compliance #ReputationManagement #BusinessContinuity #insurance #groupprogram #Cyberawareness #home #auto #coverage #service #advice

No one remembers the premium they paid at claim time Simply buying Cyber Insurance is not enough. If you buy the cheapest Cyber Insurance policy put in front of you, and it then simply collects dust in your top drawer or email inbox, you are flirting with extreme danger. Because yes, you may have ticked an exercise box, and now have some warm and fuzzy feelings thinking you have gotten that job out the way, but this could lead to a world of hurt at claim time. And unlike those pesky building or motor claims, that can drag on for months and still eventually sort themselves out. When you discover you are having, or have had, a Cyber Incident, you really have minutes to snap into action. And you need to be able to trust your Incident Response Team with your business life. If you don’t know what your Incident Response process looks like, or who you will be dealing with, or the extent of coverage that you have in place. Then you are running blind in the worst race of your professional life. And it will become very real very quickly. We do not sell Cyber Insurance. We specialise in it. Good Advice over Cheapest Cost #cyberinsurance #infosure

Unpopular insurance opinion: Cyber insurance isnt enough to protect your business. It won't be your silver bullet against bad actors. As a cyber insurance broker, I've learned that a policy is just one layer in your cybersecurity armor. How I uncovered this hard truth: Last month, a client called me, her voice shaking. Despite having a comprehensive cyber policy, her tech startup was under siege after a devastating ransomware attack. The policy covered the ransom and even gave her some funds towards trying to get customers back, but couldn't shield her company's reputation or defend against the loss of customer trust. Remember that insurance is a backup plan, not an all in one risk management strategy. Here's what every business leader needs to know: 1. Policies are evolving. Insurers now demand stronger security measures before providing coverage. 2. Underwriting is more sophisticated and is rewarding those with controls like MDR and penalizing companies that aren’t taking cybersecurity seriously. 3. Coverage has weak spots. No policy can cover every type of cyber or social engineering attack. 4. Claims can be rejected. Neglecting best practices might leave you exposed. 5. Recovery isn't guaranteed. A payout can't always repair the damage to your reputation. Don't misunderstand – cyber insurance is crucial. But it's most effective when reinforced with: • Robust cybersecurity infrastructure • Regular vulnerability assessments • Comprehensive employee training • Well-rehearsed incident response plans Remember: Insurance is like body armor. It offers protection, but it doesn't make you invincible or teach you combat skills. As a broker, I'm not just here to sell you insurance. I'm here to help you manage risk. What do you think is the biggest threat to businesses right now? #cyberinsurance #cybersecurity #riskmanagement #insurance