The new offering uniquely qualifies small businesses to
obtain cyber insurance and enables them to acquire it through
Guardz's extensive network of MSP partners
MIAMI, May 21, 2024
/PRNewswire/ -- Guardz, the AI-powered cybersecurity
company empowering MSPs and IT professionals to deliver
comprehensive security solutions for SMBs, today announced the
launch of its cyber insurance offering coupled with active cyber
protection, tailored specifically for small and medium sized
businesses (SMBs). Available across the US to businesses both
directly and through a network of Managed Service Providers (MSPs),
the unified Guardz offering is bridging the gap of secure and
insure that SMBs and MSPs face in the cybersecurity realm. For the
first time, it allows SMBs that were not previously eligible
for cyber insurance to receive the protection, coverage, and
support they need to thrive in an evolving threat landscape.
The challenge for SMBs seeking cyber insurance is evident:
despite 89% recognizing its necessity, only 26% have secured it.
This gap highlights long standing issues in the industry, marked by
complex and time-consuming processes for obtaining cyber insurance,
challenging eligibility requirements, high risk, and high costs.
SMBs need to be protected from the inside out, and yet they
encounter barriers such as intricate underwriting, tedious
questionnaires, and a lack of tailored policies. At times, SMBs
can't even qualify for a policy due to a lack of sufficient
cybersecurity protections, or the high risk they pose for the
insurance carrier results in prohibitively expensive policies. With
new SEC cybersecurity rules now in effect, preparedness is all the
more important for private companies of all sizes, necessitating
both active protection and insurance for true cyber resilience.
Guardz aims to set a new industry standard with its AI-powered,
unified detection, response, and insurance coverage, available both
directly to SMBs online via the Guardz website and to those
businesses working with Guardz MSP partners. Now available across a
majority of US states, the cyber insurance policy offers
competitive pricing and a coverage limit of up to $3M, including media content liability, hardware
replacement coverage, and ransom payment coverage. Guardz
automatically assesses and monitors the inquiring business's cyber
posture, simplifying and shortening the onboarding process while
eliminating tedious questionnaires normally associated with
applying for a new policy, ultimately saving valuable time and
resources for businesses.
"Small and medium-size businesses underpin the US economy and
yet they are often unable to obtain the cyber protection and
insurance they need to survive and thrive. This is why we've
developed a solution that enhances their end-to-end protection,
delivered by a network of hundreds of highly professional MSPs,"
said Dor Eisner, CEO & Co-Founder of Guardz. "With the addition
of our cyber insurance offering, the Guardz solution is a
game-changer for SMBs. We're not only securing these vital
businesses by making them eligible for insurance, we're also
forging partnerships and building a community of secured and
insured businesses that are more resilient than ever before."
For SMBs who are currently uninsurable due to a lack of specific
security measures, Guardz seamlessly connects them with its MSP
partners, ensuring access to expert support. Additionally, offering
these previously ineligible companies the unified Guardz
cybersecurity solution renders them eligible to purchase a policy.
This personalized approach not only ensures tailored solutions and
cyber resilience for businesses, but also fosters additional
collaboration with the MSP community, empowering them to deliver
exceptional services to their clients alongside Guardz.
For more information about Guardz and its holistic cyber
insurance offering, please visit here.
About Guardz
Guardz is an AI-powered, unified cybersecurity platform that
empowers MSPs to secure and insure SMBs against ever-evolving
threats such as account compromise, phishing, ransomware, data
loss, and user risks by leveraging AI in a multilayered approach.
The solution streamlines cybersecurity with its automated detection
and response capabilities across users, emails, devices, data, and
cloud apps, all from a single pane of glass. By combining robust
cybersecurity technology and deep insurance expertise, Guardz
ensures that businesses' security is consistently monitored,
managed, and optimized to prevent the next attack and mitigate the
risk. Guardz was founded by Dor Eisner and Alon Lavi along with a team of cyber and
insurance experts who combine innovation, experience, and
creativity to create a safer digital world for small
businesses.
Media Contact
Allison
Grey
Headline Media
allison@headline.media
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SOURCE Guardz