If Your Customers Need Cyber Risk Insurance, You Need Audit Guru.
With an alarming uptick in data breaches and ransomware in recent years, an increasing number of businesses have opted to add Cyber Risk Insurance to protect themselves from catastrophic loss.
But as the threat landscape continues to expand, many insurance companies are restricting payouts by creating more claim exceptions and exclusions. Some of these are clearly stated, while others are hidden within confusing policy applications. This leaves many policy-holders vulnerable to holding the short-end of the stick when the insurer looks to disqualify a claim.
Audit Guru for Cyber Insurance ensures that companies with Cyber Risk Insurance actually get paid in the event of a claim by automatically verifying the accuracy of information submitted on the original insurance application and then documenting on an ongoing basis, that the business has used “due care” to reasonably secure their computer network against a breach.
Keep Your Customers In Compliance With Their Policy Terms.
Unlike other types of compliance, there is no official “standard” when it comes to Cyber Insurance Policies. Each underwriter creates its own unique definition of coverage and set of exclusions. These requirements are governed by application questions submitted by your customers when they apply for Cyber Insurance coverage along with the terms & conditions stated in the carrier’s insurance policy.
We have compiled the application forms from all the top cyber insurance carriers, extracted the technical requirements and built them into the Cyber Insurance module for Audit Guru. You can optionally select one or more insurance carriers to create the specific “standard” to which your customer must comply. The Audit Guru platform does the rest.
Using Audit Guru for Cyber Insurance dramatically improves your customer’s insurance claim by providing hard evidence and documentation of the Due Care you performed to secure the environment, a requirement under all cyber insurance policies.
Let’s face it. If you’re customer is paying good money to cover its losses in the event of a breach, the last thing he or she wants is a battle with the insurance company to collect in the event of a claim. But the truth is, paying a little bit more to run Audit Guru regularly also reduces the likelihood that your client will ever need to file a claim in the first place since Audit Guru proactively discovers and exposes vulnerabilities that you can mitigate to harden your customer’s environment from cyber security risks.
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With our 30-day, 100% satisfaction guarantee there’s absolutely no risk to you. You have everything to gain and nothing to lose.