We help you obtain or regain coverage. And stay covered.
At Concertium, we are well aware that the requirements are only getting more stringent in order to qualify for getting and maintaining coverage for cyber liability insurance. Fortunately, our team is experienced in the qualification requirements and can streamline the process to obtain or regain coverage quickly. We assess your current environment, advise you on the path to compliance, and provide the solutions that serve your business needs.
Common Challenges
Factors that contribute to getting denied insurance or having fewer options with higher premiums:
Inadequate Security Measures
Lacking sufficient security controls, such as firewalls, intrusion detection systems, encryption protocols, or employee training programs
Lack of Documentation and Risk Assessment
Failing to demonstrate a comprehensive understanding of cyber risks or being unable to provide the necessary documentation
Emerging Technologies and Unique Risks
Lacking historical data on associated risks for emerging technologies, such as Internet of Things (IoT) devices, artificial intelligence, or blockchain
How We Help
Cyber Insurance Compliance
We provide the level of support you need to help you achieve your goals, whether your objective is to meet the minimum requirements, obtain or regain coverage or arm your business with optimum protection.
Reduced Premium Costs
We identify the areas of your business that do not meet insurer’s requirements and provide the solutions to resolve those gaps, reducing your risk level and giving you the opportunity to have more insurance options at lower rates.
End-to-End Protection
We enforce access controls and on-premise and cloud policies in your environment to proactively prevent cyberattacks and minimize impacts should an incident occur.
Solutions Offered
Multi-Factor Authentication
Patch Management
Managed Endpoint Detection and Response (MDR)
Email Filtering and Web Security
Privileged Access Management (PAM)
Cybersecurity Awareness Training and Testing
Secure, Encrypted, and Tested Backups
Incident Response and Planning and Testing
Our Approach
We understand the critical importance of cyber insurance compliance for businesses. Our tailored approach and expertise provide a clear path to achieving compliance and reaping the benefits of comprehensive cyber insurance coverage.
Initial Consultation and Assessment
We start with a comprehensive assessment of your business to identify compliance gaps and vulnerabilities.
Customized Compliance Strategy
Based on the assessment, we develop a tailored strategy that aligns with your industry, regulatory obligations, and business goals.
Implementation and Remediation
Once the compliance strategy is defined, we will guide you through the implementation phase.
Ongoing Monitoring and Support
Maintaining cyber insurance compliance is an ongoing effort that necessitates continuous monitoring and upkeep.
Value and Benefits
Partnering with us guarantees compliance, minimizes operational disruptions, and provides peace of mind, knowing that your organization is well-protected against cyber threats.
How Cyber Insurance
Helped Companies:
Real-World Examples
Cyber insurance compliance is now essential for businesses in today’s digital age, where cyber threats have become pervasive and sophisticated.
Home Depot held a cyber insurance policy valued at $105 million during its widespread data breach. The coverage helped manage the breach’s fallout, which impacted thousands of customer credit and debit cards.