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Mitigate risk, minimize vulnerabilities, and maximize insurability.

Cysurance - Coverage

Take the Guesswork out of Your Cyber Insurance Coverage

With cyberattacks against businesses on the rise, cyber insurance rates are going up while coverage is declining—if it’s available at all.

Cysurance-certified solutions from Logically provide small- and medium-sized businesses with immediate and automatic warranty protection. This means you get a direct line to high-quality cyber insurance policies from the most reputable carriers in the world at highly discounted rates—no application or underwriting required. 

"43 percent of all cyberattacks target small businesses, with successful breaches growing at a 150 percent rate every year." 

From the Cisco Cybersecurity Report

 

"58 percent of security decision makers have cyber-risk insurance on their radars, and 58 percent are already using it." 

From the Foundry Security Priorities Study 2023

 

Cyber Insurance Coverage Challenges and Concerns

Cyber insurance policies are complex, stringent, and expensive. Logically and Cysurance take the guesswork out of what is and isn’t covered in the event of a cyberattack. By ensuring that Logically’s managed IT and security control solutions meet the most stringent cyber insurance requirements, Cysurance safeguards your business against financial loss due to a security event. 

Insufficient Risk Awareness

  • Underestimating the likelihood of being targeted by cybercriminals increases the risk of being impacted by a security event. 
  • Organizations fail to allocate sufficient resources toward security controls and adequate insurance coverage.

Lack of Cybersecurity Expertise

  • Lack of in-house cybersecurity expertise makes it difficult to navigate the complexities of cyber insurance and meet the requirements for coverage.
  • Limited cybersecurity knowledge can result in misconfigurations and gaps in security defenses, leaving the business susceptible to breaches.

Evolving Threat Landscape

  • The rapid evolution of cyberthreats makes it difficult for insurers to predict and price risks accurately, leading to potential gaps in coverage.
  • New attack vectors can bypass traditional security measures, exposing businesses to risks that may not be covered by existing policies.

Integration with Overall Cybersecurity Strategy

  • Balancing the cost of maintaining a cybersecurity infrastructure and paying insurance premiums on a limited budget may leave critical security controls underfunded.
  • Misalignment between cybersecurity practices and insurance requirements can lead to coverage gaps or denial of claims.

Coverage Limitations

  • Many policies have exclusions and limitations that may leave SMBs unprotected against specific threats, such as zero-day attacks and ransomware. 
  • Complex policy language can make it difficult to understand their coverage limitations, potentially leading to extensive out-of-pocket expenses.

Underwriting Challenges

  • Underwriting requires extensive documentation and risk assessments. 
  •  Meeting insurers’ stringent cybersecurity standards may require businesses to invest in additional technology and personnel.

Reduce Financial Impact; Improve Recovery Time; Protect Your Assets.

Logically’s managed IT and cyber controls integrate with Cysurance’s warranty and cyber insurance programs to substantially reduce the frequency, severity, and impact of cyberattacks.

Logically + Cysurance: Working together to limit the financial impact of cyber incidents

Cysurance - Certification and Warranty

Certification and Warranty Program

Logically’s Cysurance-certified solutions are your first line of defense against financial losses during and after a security event.

The Cysurance Certification and Warranty Program includes $500K reimbursements for remediation and recovery efforts, including: 

  • Ransomware and business email compromise (BEC) cleanup
  • Compliance and regulatory penalties 
  • Business income loss
  • Legal expenses
Cysurance - Cyber Insurance

Cyber Insurance

The Cysurance Certification and Warranty Program automatically qualifies users of Logically’s Cysurance-certified solutions for a highly discounted $1M or $3M fixed-rate cyber insurance policy.

If a ransomware, BEC, or compliance event occurs, the Cysurance Certification and Warranty Program will respond first. 

When those funds are exhausted, your cyber insurance policy extends coverage for additional remediation expenses up to the policy limit.

Cysurance - Special Endorsements

Special Endorsements

Cysurance offers special endorsements to cover specific circumstances that standard insurance often doesn't cover. For example, if your devices become unusable or you need to upgrade your technology systems after a breach, these endorsements provide coverage to help you replace them.

Relevant Resources

” SonicWall’s steadfast commitment to not just maintaining, but growing their security efficacy year over year empowers Logically to confidently protect thousands of customer networks.
Cara Parfitt
Vice President, Technology Alliances, Logically

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