As cyber risks continue to evolve, cyber insurance has become one of the most complex and highly sought after insurance policies in the history of insurance. For many companies, when purchasing cyber insurance for the first time, or renewing an existing policy, the best approach may be to pursue an internal cyber-security risk assessment at the time of applying for or renewing a cyber insurance policy.
What Makes Our Approach, the Out-Cyber Risk Assessment, Different?
Today there is certainly no shortage of cyber security companies that provide cyber risk assessments. However, it usually comes at a high cost, as most cyber security risk assessments cost thousands of dollars, and can be time consuming as most vendors will require on-site visits which can take several days and many hours of time to complete.
Whilst we agree that cyber security risk assessments need to be conducted in order to properly assess a company’s cyber risks, we don’t agree that it should come at a high cost and require an on-site visit.
Where others have failed to bridge the connection between cyber risk and underwriting a company’s cyber insurance policy, unlike anything available today, our unique and rare approach seamlessly connects the two together at the time a company chooses to purchase or renew a cyber insurance policy.
How Does the Out Cyber-Risk process work?
Whether your company is a small company that has yet to conduct a cyber risk assessment, and is interested in purchasing cyber insurance, or you’re a large company that wants to ensure your company’s cyber insurance policy is aligned with its cyber risks and that your company is properly vetting and managing your vendors cyber risks, we’re highly confident that our OutCyberRisk solution will become your preferred cyber risk assessment tool.