The challenge
The cyber insurance coverage had lapsed for a provider of online privacy protection for public servants, exposing the SMB to the financial fallout of a cyber breach. They wanted to quickly procure coverage when they learned that global insurance broker Marsh and leading cyber insurance carriers had created a marketplace for SMBs to help decrease risk and increase resiliency more efficiently.
The company utilized Amazon Web Services (AWS) for its cloud computing and found the affiliation with Marsh’s Cyber Practice especially appealing, providing added confidence in the program.
The solution
By completing the streamlined Marsh Cyber Accelerate digital application question set, the SMB quickly received nuanced quotes for comprehensive cyber coverage. By answering questions about their organization and AWS cloud environment, Cyber Accelerate provided the company with quotes tailored to their specific environment based on their unique needs and risk posture in days, not weeks.
The result
After a discussion with a Marsh cyber advisor, the SMB completed the application process and decided to purchase coverage. In addition to the AWS affiliation and speed of the transaction, the company appreciated the availability of installment options, made available through a third-party vendor associated with the carrier.
