Amwins, a global distributor of specialty insurance products and services, announced a partnership with ePlace Solutions to provide retail agents and their insureds with access to cybersecurity experts who can advise about the security controls needed to secure the best cyber liability policy terms possible.
InsureReady is a proprietary, three-month service developed by ePlace Solutions that offers unlimited advice from cybersecurity experts, guidance on implementing security controls, vulnerability scanning of internet-facing systems, a standardized set of vital policies and procedures ready for customization, and more. Organizations will receive a certification from ePlace Solutions provided that external scanning shows no exposed, open remote access ports and no high-risk software vulnerabilities, and after understanding their technical environment and existing cybersecurity controls, the client receives recommendations on additional controls that, in ePlace’s professional opinion, create meaningful barriers to cyber-attacks. Amwins’ clients will receive a special discount on this service.
“Cyber losses related to ransomware, social engineering and privacy breaches are at an all-time high,” said Randy Krause, CEO of ePlace Solutions. “As a result, insurance carriers are increasing premiums, adding coverage restrictions, or outright declining to quote cyber liability for companies that lack basic security controls or have known vulnerabilities.”
“It’s important for insureds to put their best foot forward when going to market for cyber liability coverage,” said David Lewison, executive vice president and national professional lines practice leader at Amwins. “We believe this value-added service will help retailers position their clients to not only get a cyber liability quote but also receive the best terms possible.”For more information, please contact David Lewison, Amwins’ professional lines practice leader, or visit https://public.eplaceinc.com/insureready-amwins/.