Progressive Insurance is now offering its small business customers the option of an online marketplace for cyber coverage. AXA XL, meanwhile, added complimentary proactive cybersecurity services for its primary cyber & technology insurance clients. Starr Insurance Companies will work with an outside company to provide insurance for rescue and evacuation for skiers and snowboarders in the United States.
Progressive Insurance now offers its small business customers CyberPolicy, an online cyber insurance marketplace designed to give them the ability to compare, quote and buy the coverage online.
Keith Moore, founder and CEO of CyberPolicy, said that the new relationship will deliver options for cyber insurance to small business customers.
CyberPolicy launched in 2016 and offers small businesses an online system to compare, quote and buy cyber insurance online in minutes. The company since that time has expanded its cyber insurance offerings to cover 98 percent of small business types with up to $250 million in revenue.
CyberPolicy works with insurers including Progressive, Chubb, Hiscox, SecurityScorecard, UpGuard and others to develop bundled cybersecurity offerings to help small businesses against cyber attacks. CyberPolicy is a wholly owned subsidiary of CoverHound Inc.
AXA XL, a division of AXA, added complimentary proactive cybersecurity services for its primary cyber & technology insurance clients
The added benefit is designed to help clients improve their cybersecurity preparedness.
During their first cyber insurance policy year, AXA XL’s cyber clients can choose one of several proactive services from a number of pre-qualified vendors, including Cylance Consulting, Kivu, NetDiligence Breach Plan Connect, Sylint, S-RM and Troutman Sanders LLP.
The menu of available pre-breach services includes consultations and assessments, along with other services, in areas including social engineering and phishing awareness, incident readiness, incident planning and coaching, and payment card industry compliance training.
Clients can choose one complimentary service with the purchase of AXA XL’s cyber policy – CyberRiskConnect – which provides broad coverage for data protection and privacy risks, both for third-party claims and first-party mitigation costs following a technology or cyber event. Coverage is tailored for businesses across various industries.
Starr Insurance Companies inked a deal with Safe Descents Inc. to provide an insurance program for rescue and evacuation for skiers and snowboarders in the United States.
The policy, underwritten by Starr Indemnity & Liability Co. and sold through Safe Descents, provides coverage for transportation costs associated with accidental injuries from skiing, snowboarding, riding a lift, or participating in a ski or snowboard school within a resort. The insurance is available to residents in 45 states and the District of Columbia, covering ski and snowboard activities in the continental U.S. (approval is pending in Indiana, Massachusetts, New York, Texas and Virginia).
The insurance includes the following benefits, subject to the applicable reductions, limitations, exclusions and termination provisions: field rescue, emergency medical evacuation, medical repatriation and companion travel (the cost of a medical escort to accompany the injured skier or their children back home, if they can’t travel alone).
Coverage is available with the purchase of a daily or season pass.
Sources: Progressive, AXA XL, Starr Insurance Companies