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Description
Every business that incorporates technology into its operations faces the potential threat of cyber attacks or data breaches. To safeguard your digital assets, cyber liability insurance can be an essential resource. At AXA XL, we empower our clients to comprehend and mitigate cyber risks through a combination of proactive services, dedicated support, and adaptable coverages tailored to protect a diverse array of businesses both before and after a cybersecurity event. As a prominent insurer in the cyber and technology space, we possess the industry expertise that truly makes an impact. For over two decades, we have been managing data breach cases and assessing cyber exposures for our clients. Our specialized cyber and technology insurance policy, known as CyberRiskConnect, is customizable to suit the specific requirements of your industry and offers enhanced coverage along with broader terms to defend against the evolving landscape of cyber threats. This includes sectors such as retail, financial services, healthcare, professional services, manufacturing, higher education, and utilities, ensuring comprehensive protection for all. By choosing AXA XL, you can fortify your business against the unexpected challenges of the digital age.
Description
Cyber liability insurance serves as a safeguard for small businesses against the substantial financial repercussions stemming from data breaches and cyberattacks. It encompasses various costs, including notifying customers, providing credit monitoring services, covering legal expenses, and paying fines. With the rise in frequency and cost of cyber threats, small businesses, often equipped with inadequate cybersecurity measures, find themselves at heightened risk. A cyberattack can have dire consequences, potentially leading to a business's closure; startlingly, 60% of small businesses do not survive beyond six months following such an incident. By securing cyber insurance, businesses can mitigate the financial fallout from these attacks, ensuring coverage for legal fees, credit monitoring, and other significant expenses. Furthermore, in instances where hackers demand ransom for stolen sensitive information, cyber liability insurance can assist in meeting those demands, facilitating a more robust recovery process for the affected business. Thus, this type of insurance is not merely a precaution but a vital component of a small business's risk management strategy.
API Access
Has API
API Access
Has API
Integrations
tldraw
Pricing Details
No price information available.
Free Trial
Free Version
Pricing Details
No price information available.
Free Trial
Free Version
Deployment
Web-Based
On-Premises
iPhone App
iPad App
Android App
Windows
Mac
Linux
Chromebook
Deployment
Web-Based
On-Premises
iPhone App
iPad App
Android App
Windows
Mac
Linux
Chromebook
Customer Support
Business Hours
Live Rep (24/7)
Online Support
Customer Support
Business Hours
Live Rep (24/7)
Online Support
Types of Training
Training Docs
Webinars
Live Training (Online)
In Person
Types of Training
Training Docs
Webinars
Live Training (Online)
In Person
Vendor Details
Company Name
AXA XL
Country
United Kingdom
Website
axaxl.com/insurance/products/cyber-insurance
Vendor Details
Company Name
Insureon
Founded
2011
Country
United States
Website
www.insureon.com/small-business-insurance/cyber-liability