The iPrevision Difference

Cyber Risk  &  Cyber Insurance

In today’s wired world, cyber-attacks on businesses are increasingly common and rising steadily. Today’s cyber-attacks have changed radically over the last few years, from those annoying yet nondestructive mischief attacks, to current day attacks that are stealthy, advanced, and targeted. These advanced cyber-attacks more often than not, target small and midsize businesses (SMBs) and are focused on acquiring data with real monetary value. Valuable data such as, sensitive personal information, intellectual property, authentication credentials, insider information can be obtained several ways, a compromised website, infected email, or good old fashioned blunt force hacking. Whatever the method, these cyber breaches can result in losses of hundreds of thousands of dollars or more and can cause incalculable damage to a company’s reputation.

Of course the answer is to STOP all attacks but, even the most technological and well-funded organizations have fallen short of this goal and rely on a valuable backstop.

Cyber Liability / Network Security Insurance Coverage

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Generically helps protect companies and allows them to manage a broad range of costly security threats:

  • E-business interruption resulting from a cyber-attack
  • Costs relating to privacy notification and crisis management
  • Alleging intellectual property, trademark, or copyright infringement
  • Alleging invasion of privacy, libel, slander, defamation, or product disparagement
  • Lawsuits stemming from unauthorized access to personally identifiable information
  • Hacking events that result in the theft of confidential information, costly e-vandalism and/or cyber extortion threats
  • Identity theft resulting from lost or stolen Personally Identifiable Information (PII) i.e. Social Security numbers, credit card information, driver’s license, or financial information
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Cyber Risk Management Process

Our Technology Team stays current and focuses specifically on the risk needs of the technology world. From the “small” repair service to the most sophisticated manufacture of precision equipment, we have a solution. Even if your product is so new that it is difficult to categorize, our goal is to bring innovative risk mitigation and management solutions as new ideas emerge in the market.

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