Cyber Liability

Emerging Risk Insurance Services for You and Your Clients

We offer retail agents & brokers a level playing field to compete in the complex insurance market for emerging risk products. These products are more complicated than other P&C policies and evolving at a rapid pace. Cyber Security Insurance and Technology E&O requires experienced specialized brokers to craft the appropriate coverage.

Products & Coverage

Cyber Security Insurance is intended to protect consumers of technology products and services. Businesses in every industry face loss due to a system or data security breach. Industries most vulnerable include hospitality, finance & banking, healthcare, retail, and manufacturing.

Technology Errors & Omissions Insurance is designed for providers of technology products and services. Examples include cyber security vendors, data storage companies, computer manufacturers and software designers.

Praxis Insurance Associates - Cyber Liability - World Network Safety Concept. Global Internet Network Conceptual Modern Technology Illustration.

  • Elite hacker entering a room through a keyhole silhouette 3d illustration information security backdoor concept with turquoise digital background matrix

Top agents & brokers make risk management decisions based on 3 simple rules:

 

Consider the odds: Your clients face a 3% chance of a fire loss. This compares to a 20% chance your clients will experience a cyber related incident. It’s not a question of if, but a question of when and how much.
Don't risk a lot for a little: Why risk noticing your agents E&O coverage as a result of a clients uninsured loss?. Given the competitive state of cyber insurance market, little time and expense are required to generate coverage options for your customers.
Don’t risk more than you can afford to lose: Why risk losing clients to your competition simply because time wasn’t taken to assist your clients evaluate and treat exposures to cyber extortion, business interruption, regulatory fines & penalties, and lawsuits? 

We assist our partner agents & brokers to understand and evaluate the unique cyber risk profiles of their clients and provide expertly designed coverage programs from a wide array of top insurers. For more information regarding out cyber programs email us at info@praxisins.com