Cyber Insurers

Want To Know...

Does YOUR company have a cyber incident response plan?

Cyber insurers and regulators alike are increasingly requiring incident response plans to remain insurable and in compliance.

Get an actionable plan in place today with Breach Plan Connect®!

 

Tracking the Rising Cost of Cyber Incidents

How much does the average cyber incident cost?

The annual NetDiligence® Cyber Claims Study is a must-have insurance report which analyzes and aggregates thousands of real cyber insurance claims spanning the last five years.

Grab your copy today and uncover powerful findings based on real costs of cyber incidents from the perspective of the cyber insurers.

  • 10,000+ claims spanning 2019–2023
  • 4,900+ new and updated claims from 2021-2023
  • 1,300 total claims analyzed for 2023

Average Business Interruption Costs - SMEs

(N=313)

Resources for Cyber Insurers AND Their Policyholders

eRiskHub® Portal

The eRiskHub® platform is an effective way to help both insurers and their clients combat cyber losses with minimal, controlled and predictable costs.

This SaaS offering provides tools and resources to help clients understand the exposures, respond effectively and minimize the effects of breaches on their organizations.

  • Improve loss control by empowering policyholders
  • Train the next generation of cyber insurance professionals
  • Empower your policyholders and their staff
  • And more!

Learn More

Breach Plan Connect®

Breach Plan Connect® is a turnkey, pre-written incident response plan solution designed to help organizations oversee and coordinate your organization’s response to a cyber incident.

Companies must have an actionable incident response plan (IRP) to:

  • Prevent organizational chaos when a breach occurs
  • Establish and document clear action steps, roles, and responsibilities in the event of a breach
  • Help minimize the cost of data breach recovery
  • Help limit the severity of business interruption
  • Meet your regulatory duties

Start your 30-day free trial of Breach Plan Connect today!

Get Started

Breach Coach®

Breach Coach® is a registered trademark of NetDiligence®. We created the term to recognize law firms that have demonstrated excellence in data security and privacy.

Breach Coach® firms serve as thought leaders for the entire cyber industry. They have earned respect by serving on the front lines of the war on cybercrime and they are closely engaged with cyber insurers to help minimize cyber losses.

If you meet the criteria to qualify as a Breach Coach®, you’ll be joining an exclusive club. The Breach Coach® seal designates your firm as a top tier firm for data security, privacy, and incident response.

Learn More

QuietAudit® Cyber Risk Assessments

Since 2001, QuietAudit® Cyber Risk Assessments from NetDiligence provide a thorough, efficient way to document your organization’s data security posture and cyber risk readiness. Insurers recognize the value of a NetDiligence assessment; it allows them to validate that your organization has key safeguards and practices in place.

Our time-tested risk management approach (eliminate, mitigate, accept and cede residual risk) enables us to effectively help organizations of all types and sizes manage their cyber risk.

  • Cyber Health Check
  • CFO Cyber Assessment
  • Vulnerability Scan Testing

Get Started

“Are you prepared?”

Preparation equals prevention.

NetDiligence operates at the heart of the cyber community. We find cyber risk as a concern to most organizations and arguably the leading peril on the minds of IT and Risk Managers charged with mitigating the chaos and exposures. We’ve seen businesses of all sizes compromised and even destroyed by common threats like ransomware, theft of trade secrets, business interruption, privacy breach litigation, and more.

Cyber incidents are painful. But they can be managed and oftentimes prevented. That’s where we come in.

Mark Greisiger

President

What our partners say about us

As an insurance brokerage, our clients often rely on us to provide referrals for legal counsel to respond to cyber and privacy breaches. Many firms market themselves as cyber experts, yet not all are. The list of NetDiligence-authorized Breach Coach firms enhances our ability to provide clients with expert firms with deep expertise in this area.

Zac Cregar

Altus Partners

NetDiligence is unique in that as it’s grown, it’s been able to continue with that culture of responsiveness, of friendliness, of professionalism, of integrity. It’s a great company to work with.

Tracy Vispoli

Berkley Cyber Risk Solutions

For our proactive pre-breach services for our insureds, eRiskHub is central. It’s step one in the process. Get them registered and help them use some of the risk control materials. eRiskHub helps them understand what happens in a scenario, what the loss might look like, and how to mitigate those expenses. So, we really do value the eRiskHub. It’s been very well received and it’s a central part of our process for loss control.

Brian Robb

Berkshire Hathaway Specialty Insurance

Having a plan helps you hit those time-critical moments. If you don’t have a plan in place, you’re going to be making it up on the spot as you deal with the incident. And that’s going to take time, which is a precious commodity that you don’t have when dealing with a data breach or cyber incident. If you have a good plan, it’s going to reduce the costs of a breach.

Hans Allnut

DAC Beachcroft LLP

I consider the professionals at NetDiligence my friends, first and foremost. I’ve known them a very long time. There is a trust that they build. They never let you down. If they’re going to perform a particular service for your clients, they deliver every single time. I don’t have to worry about whether or not they’re going to step up and do what they say they’re going to do. So, I am privileged to be connected to NetDiligence and I really value the friendships that I have with the professionals who work there.

John Farley

Arthur J. Gallagher & Co

I have had the pleasure of working with NetDiligence since 2003 when the first cyber product I was involved with had a network security assessment done. There were a few people involved in NetDiligence at the time and I can honestly say with each additional team member and each additional service that they’ve built out, it’s just an enjoyable experience because there are such knowledgeable professionals involved in NetDiligence and the service is bar none.

Betty Shepherd

Great American Insurance Company

We view the eRiskHub as the go-to platform for our policyholders. It’s a good resource that we can point our agents, brokers, and policyholder base to when they want to evaluate what their exposure may be. We use the breach cost calculator quite a bit. It’s a tool that we find very useful.

Evan Fenaroli

Philadelphia Insurance Companies

It’s more than loss control. The eRiskHub portal is a way for us to engage our customers and to provide, in real time, good, up-to-date, value-added content, as well as risk management tools from NetDiligence and other vendors that we make available via that portal.

Brad Gow

Sompo International

We were probably one of the first to license the eRiskHub portal and we’ve gotten great feedback from our clients on it. The wealth of information provided by the eRiskHub makes our clients more prepared for a data breach and for a privacy event. So, it’s been a fantastic service, extremely valuable to our clients.

John Coletti

Swiss Re

By providing timely and insightful reporting on cybersecurity threats and risk mitigation measures, Netdiligence has distinguished itself as a fundamental resource for insurance companies, IT consultants, and breach coaches. In addition, through its advisory committees and sponsored events, Netdiligence provides an elite platform for members of the cybersecurity community to network and coordinate on cutting edge issues and trends. We deeply value our partnership with Netdiligence and the opportunities it has created.

Steve Stransky

Thompson Hine LLP

One of the challenges this industry has is pockets of data sitting out there all over the place. For NetDiligence to bring that together, where we’re able to measure that relative to what we’re seeing, certainly helps my claim staff in terms of assessing exposure and when we start looking at reserving. That provides a lot of value to us.

Robert Flowers

Travelers

The Cyber Risk Summit is the conference I’ve always sponsored. I’ve been to a fair amount of them over the years. This is basically the only one I go to now; the only one I’m interested in.

Josh Ladeau

Trium Cyber

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