ASX tech play, WhiteHawk (ASX:WHK), has inked a real-time partnership with leading US independent insurance agency, Clarke & Sampson, to offer cyber liability insurance to its small and medium-sized enterprise (SME) customers.
WHK is the first global online cybersecurity exchange SMEs to take smart action against cybercrime and fraud.
For some time, WhiteHawk has been pursuing a real-time referral mechanism to affordable and reputable underwriters for SME cyber liability coverage.
With that in mind, cyber liability insurance is Clarke & Sampson’s key specialty. The agency is situated in Alexandria, VA, and has an extensive portfolio of cyber liability policy options through RPS, a central force in providing cyber liability quotes online.
These policies, in turn, are underwritten by various carriers, including BCS, AXIS, Hiscox, and Lloyds of London.
Comparable to the introduction of a compulsory car insurance scheme in the UK with the Road Traffic Act 1930, cyber liability insurance is now seen as pivotal to protect businesses from digital risks to their revenue, reputation and operations.
With the average cyber-crime or fraud event beginning at $35,000 and extending to over…
