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The business world is evolving at a rapid pace. As innovation triumphs and consumer demands develop, more and more companies are turning to third-party providers to help them stay on top of the game.
Companies who choose to outsource their vital operations to external service providers are stuck in a susceptible position when it comes to cyber liability insurance. At present, there’s little guaranteed protection for enterprises who experience loss as a result of a third-party systems failure.
NAS Insurance Services has introduced various new updates to its cyber suite to address current gaps in the burgeoning cyber market. The company’s senior vice president of marketing, Jeremy Barnett will be discussing exciting updates to cyber coverage components in our exclusive webinar ‘State of the Art Cyber: New Risks, Expanded Coverages, Essential Services’ being held later this month.
“One of our big new products is called Dependent Systems Failure coverage, which extends coverage for business interruption caused by systems failure, to third parties,” Barnett told Insurance Business. “If a business is dependent on a third-party provider, like…
