We recently launched our first carrier for our fourth line of business: Cyber. As businesses invest more and more in technology and attackers get more and more sophisticated, cyber events have become one of the fastest-growing categories of risk. As a result, more small businesses either choose to carry cyber insurance or are compelled to in the terms of their contracts with key customers. In turn, our distribution partners frequently request that Herald support Cyber quotes on our platform.
Here are some of the updates we made made to support Cyber:
- We added new Cyber risk parameters.
- We created a standard set of Cyber coverage parameters across multiple carriers’ products.