Cyber Insurance-as-a-Service: The Next Big Opportunity for MSPs

Research from Marsh, Wavestone and law firm CMS, the number of cyber insurance claims grew by 83% during 2020.

According to the Government Office of Accountability, cybersecurity insurance costs have spiked up to 30% with the increasing surge in ransomware attacks.

The question is not IF one of your clients get hacked -- it's which clients, when, and how much the breaches will cost. That's why it's so essential that MSPs have their own adequate cyber liability coverage, and that each individual client -- and their work-from-home employees -- are also covered.

During the session we will discuss the different types of cyber insurance available for MSPs and their clients, and explain the critical role that MSPs can play in this industry. We’ll also discuss how Compliance ensures you meet the requirements of insurance companies and have everything double locked and loaded.

During the webinar, you will learn:
• How insurance companies PROTECT THEMSELVES from paying claims based on what’s in their policy application forms
• How you, as an MSP, can use the insurance policy application as the centrepiece of your own, branded cyber risk “assurance” offering
• How to offer a valuable cyber risk insurance policy to all your clients, either as a primary or supplemental policy, and protect yourself at the same time.

The presentation will include a demo of the Compliance Manager Cyber Risk Insurance module, and how to use it to sell, deliver, and manage a comprehensive cyber risk insurance compliance service. Compliance Manager includes a mechanism to quickly and easily bind your clients with a cyber risk policy right from inside the tool.