Broker WTW said it has launched a cyber solution specifically for business with annual revenue under $50 million, including startups and pre-revenue accounts.
This tailored solution for small- and medium-sized enterprises (SME) is meant to address challenges faces by these types of business in traditional underwriting that often favor larger enterprises.
WTW said it has partnered with leading cyber insurance carriers dedicated to serving the unique needs of SMEs by providing quick and easy access to competitive insurance quotes through self-service quoting platforms. WTW has also allocated dedicated underwriting staff to focus on the specific needs of SMEs and offers policyholder resources, including tools and support to implement and maintain robust cybersecurity measures.
“This moment signifies a transformative effort, dedicated to addressing the distinctive challenges SMEs face in the realm of cybersecurity. Through strategic partnerships with top-tier cyber insurance carriers and the delivery of resources, we assure SMEs access to affordable and comprehensive coverage. This initiative not only resolves concerns previously facing SMEs but also positions cybersecurity as an integral and manageable component of their business strategy and enterprise risk management,” said Jessica Klipphahn, North America head of middle-market Cyber/E&O at WTW.
Topics Cyber Profit Loss Willis Towers Watson
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