HSB Cyber Suite adds new insurance coverage and services to help prevent cybercrimes

What’s the best way for a small business owner to deal with a cyber-attack? Avoid it in the first place. If you can’t, get help from professionals. HSB Cyber Suite has your business covered, adding new insurance protection and risk management services, including website security scans and computer system upgrades to help prevent future cybercrimes, HSB announced.

HSB Cyber Suite provides a comprehensive collection of cyber insurance and services designed to protect small and medium-size businesses from cyber-attacks, data breaches, identity theft, cyber extortion, and misdirected payment and computer fraud. It’s available through insurance carriers that partner with HSB to add the coverage to their commercial policies.

“Any business with an internet connection is vulnerable to a cyber-attack,” said James Hajjar, assistant vice president for HSB, part of Munich Re.

“And while cybersecurity is complex, we don’t think getting the right insurance coverage or support needs to be. HSB Cyber Suite not only helps a small business respond and recover from a cyber-attack, but it gives them valuable resources they can use to predict and prevent cyber incidents.”

Cyber Safety offers big protection for small businesses

HSB Cyber Suite now includes Cyber Safety powered by Zeguro, providing easy-to-use cybersecurity tools that help prevent cyber-attacks. Zeguro is a leading cyber risk management company that protects small to medium-size businesses from the most prevalent security threats.

Cyber Safety is standard in every HSB Cyber Suite policy, offering services typically available to larger companies, including website scanning for security vulnerabilities, cybersecurity training for employees, and security policy templates and guidelines to help comply with regulatory requirements.

Prevent loss, protect income and reputations

HSB Cyber Suite also includes several additional coverage and service enhancements including:

  • Future loss avoidance for improvements to a customer’s computer system following an attack to help prevent future losses.
  • Hardware replacement when appropriate to reduce the amount of the loss by repairing or replacing data equipment that is damaged in a cyber-attack.
  • Privacy incident liability protects a small business against allegations of a privacy violation.
  • Reputational harm for the loss of business income resulting from damage to a business’s reputation because personal information in its care is compromised.

A holistic solution from a cyber pioneer

HSB Cyber Suite is a turnkey cyber reinsurance solution for property-casualty insurers, including underwriting, marketing support, 24/7 claim service, risk and product management.

Customers have access to the eRisk Hub cyber resources website, My Tech Support troubleshooting, and HSB’s extensive network of leading cyber incident response vendors.

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