What is Cyber Insurance?
Like Auto or Home Insurance, cyber insurance protects a business against damage caused by cyber-attacks. A security breach can become very costly and Cyber Insurance is a way to mitigate this risk by transferring the liability to a 3rd party.
Do I need Cyber Insurance?
If you process payments online, store customer or employee data, or use cloud systems to store company information, you need Cyber Insurance.
Do I Qualify for Cyber Insurance?
The bigger question is are you doing enough to protect your business against a cyber-attack? If you take this very real threat to heart and implement processes and technology to protect your business, then you will most likely qualify for Cyber Insurance. Dream Technology Solutions can help you determine if you qualify for Insurance with our Cyber Insurance Readiness Assessment.
What is a Cyber Insurance Readiness Assessment?
A Cyber Insurance Readiness Assessment is an in-depth review of your ability to protect your information assets against relevant threats.
Cyber Insurance doesn’t eliminate the need to have a good cybersecurity program in place, it supplements it. Insurance companies will determine your eligibility, coverage and rates based on several factors such as:
- Existing Business Continuity and Disaster Recovery Plan
- Effective firewalls, access controls and security procedures
- Use of encryption to protect sensitive information
- Secure use of cloud services
How does it work?
Dream Technology Solutions will work with your key stakeholders to evaluate your current cybersecurity posture. We compare your current practices to industry best practices and Cyber Insurance requirements to provide an informative and detailed report that you own. It’s a quick and cost-effective way to help you protect your business and save you money by securing the best insurance rates and coverage possible for your company.
What do you get?
You will get a professionally prepared document that will report our findings. The document will include:
- Where you meet Cyber Insurance requirements
- Where there are gaps that need to be addressed in order to get Cyber Insurance
- Recommendations to help you address any Cybersecurity gaps that need to be addressed beyond obtaining Cyber Insurance
Dream Technology Solutions is a local, experienced, knowledgeable and professional service provider that can help you qualify for the Cyber Insurance coverage you need at the best rates.
All of this for a fixed rate of $1,500
Contact us today to find out how we can help with your cyber insurance needs.
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