Ep 15: Cyber – Risk and the Insurance Industry

by | Sep 19, 2017

Robert Sargent is the Founder and President of Tennant Risk Services, a national wholesale insurance broker and underwriting manager that focuses on professional liability as well as specialty insurance coverages for all forms of businesses. He is also a past president of the National Association of Professional Surplus Lines Organizations (NAPSLO), and the author of the Specialty Insurance blog.

Robert joins me to discuss what a cyber risk is, how it can damage you and your business, and explain how to equip our companies with the right kind of protection against cyber-attacks.

“Exposures have evolved beyond just a data breach.” –Robert Sargent

What you’ll learn:

  • What is cyber risk insurance?
  • Why is cyber risk insurance important?
  • What kind of changes are we seeing in cyber-attacks?
  • How does Robert Sargent define cybercrime?
  • Real world examples of cybercrime
  • What is ransomware and why is it trending?
  • What kind of coverage is needed for cyber risk?
  • The difference between data breach coverage and cyber risk insurance.
  • How do you get cyber risk insurance?

Connect with Robert

Key Takeaways:

  • Ransomware is the fastest growing form of cyber-attack. Not only can it hold your data, but also your business for ransom.
  • You need a comprehensive policy to protect yourself from cyber risk.

Resources Mentioned:

This episode was brought to you by

Insurance Licensing Services of America (ILSA), America’s premier regulatory compliance experts. To learn more visit ILSAinc.com.

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