Ep. 15: Cyber – Risk and the Insurance Industry
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
- Website: www.tennant.com/insurance
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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