Connecticut's largest business organization today announced a new partnership with At-Bay, a provider of digital insurance and risk management tools, to provide cyber insurance for small businesses.
Ken Comeau, president of CBIA's Service Corp., said the partnership will provide CBIA member companies protection and peace of mind.
"All companies, regardless of size, are at risk of a cyberattack," Comeau said today. "It is critical to protect your company from a potentially catastrophic breach.
"At-Bay's comprehensive policy and unique proposal and monitoring platform make it an easy decision to implement and maintain cyber coverage."
At-Bay's cyber insurance policies cover information privacy, network security, business interruption, cyber extortion, financial fraud, and media content losses.
Polices include ongoing security monitoring and support throughout the life of the policy to help policyholders close security holes quickly and avoid loss.
Security alerts let customers know when threats occur, which ones matter, and how to stop them.
"If we can monitor the security of our clients and scan them for potential vulnerabilities, our in-house experts can react quickly and prevent those threats from becoming attacks," said At-Bay founder and CEO Rotem Iram.
"Cyber risk changes constantly and is very complex, so having the support of an experienced cybersecurity team is a huge value for our clients by making sure they're protected, so they can focus on managing and growing their business."
Unique to this product is the speed and simplicity of the proposal process. Agents answer a few questions on behalf of their clients, then the At-Bay system scans their website to identify potential vulnerabilities and develop a quote for coverage within minutes, not weeks.
The quote includes a detailed report of security findings, financial exposure, and coverage analysis.
CBIA is Connecticut's largest business organization, with thousands of member companies, small and large, representing a diverse range of industries from every part of the state.
CBIA Health Connections, a program of CBIA Service Corp., is a nationally recognized program offering benefit solutions for thousands of Connecticut member companies and their employees. It includes group medical, dental, life, and disability coverage options as well as voluntary dental, life, disability, accident & illness, vision, and identity theft benefits.
Learn more at cbia.com/insurance.
At-Bay provides insurance for the digital age, building insurance products and services that make brokers’ lives easier and help customers avoid loss. As a Managing General Underwriter (MGU), At-Bay underwrites insurance policies through HSB Specialty Insurance Company, rated A++ by A.M. Best Company and part of Munich Re. At-Bay is backed by Lightspeed Ventures Partners and Khosla Ventures.
Learn more at at-bay.com.