SAN FRANCISCO, Nov. 27, 2018 (GLOBE NEWSWIRE) — CyberPolicy, the world’s first marketplace to help small business owners compare, quote and buy cyber insurance online, is proud to provide a seamless, high touch experience when purchasing cyber insurance, alongside other small business coverages, through Progressive Insurance.
In today’s digital age, with the prevalence of connected devices and stored information as well as increasing state and federal regulations, small to medium sized businesses (SMBs) are turning their focus to protecting data and insuring themselves in the event of a cyberattack.
Progressive Insurance is a leader in the marketplace for commercial insurance, offering a robust suite of insurance products to protect small businesses financially, and cyber insurance is a critical component to consider when shopping for coverage.
“With increased awareness around cyber threats and the heightened need to protect consumer data, the cyber insurance market is growing rapidly,” said Keith Moore, Founder and CEO of CyberPolicy. “We are pleased to be working with Progressive, a leading insurance carrier, and know this relationship will deliver options for cyber insurance to SMB customers.”
“Cyber Insurance is one of the fastest growing insurance products for small businesses,” said Bill Kampf, General Manager of Small Business Insurance at Progressive Insurance. “Progressive wants to make finding insurance easier for the small business owner, and by working with CyberPolicy, we can offer consumers an efficient platform to shop for cyber insurance and easily find coverages to help protect their business.”
SMBs can research, compare and purchase cyber insurance at https://www.progressivecommercial.com/business-insurance/cyber-insurance/.
In 2016, CyberPolicy became the world’s first marketplace to help small businesses compare, quote, and buy cyber insurance online in minutes. Since then, CyberPolicy has expanded its cyber insurance offerings to cover 98 percent of small business types with up to $250 million in revenue. CyberPolicy works with market leaders including Progressive, Chubb, Hiscox, SecurityScorecard, UpGuard and others to develop extensive bundled cybersecurity offerings to help small businesses “Plan. Prevent. Insure.” against cyberattacks. CyberPolicy is a wholly-owned subsidiary of CoverHound Inc.
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