Property Casualty Crisis Alert

Cyber Liability

There have been significant shifts in the cyber landscape that are moving at a rapid pace. Technology is engrained in nearly everything we do, and businesses — no matter how large or small — rely heavily on it to operate. From breaches that cause reputational harm to ransomware attacks that shut down business and impact bottom lines, cyber criminals are experts at taking advantage of weak cybersecurity defenses. Is your company prepared?

Holmes Murphy is here to be a partner for your organization to make sure you’re equipped with the proper knowledge and resources to stay resilient from cyber threats that can result in:

  • Compromised client data
  • Devastating financial recovery expenses
  • Tarnished company reputation
  • Substantial direct financial losses
  • Weakened client trust

There’s no “one size fits all” solution, which is where Holmes Murphy’s expertise comes in. We tailor our clients’ protection so policy language is clear, detrimental coverage gaps don’t exist, and cyber posture remains strong.

One Customized Risk Management Approach

Using our proprietary and unique Understanding ART approach, we ask questions that allow us to dig deep into your business and culture to create a custom risk management plan that works for you. Understanding ART extends beyond coverage gaps and price to Avoid, Reduce, and Transfer our clients’ losses by focusing on Your Business, Your Risk Management, and Your Potential.

Through Understanding ART, we seek to understand your cybersecurity posture and framework, identify opportunities for greatest improvement, then enhance your cyber posture and security controls in place. Ultimately, we find a risk transfer or insurance product that will act as a safety net for you on a rainy day.

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Holmes Murphy Cyber Partners

Holmes Murphy is proud to be a member of TechAssure, an organization dedicated to advancing knowledge and capabilities to its tech-innovation members.

In partnership with TechAssure and NetDiligence, we have access to a dynamic cyber security loss control survey intended to gauge your organization’s implementation and posture of high-priority technical security practices relating to various network, system, and application solutions. The high-priority practices identified through the survey can help mitigate risk against high-profile, high-impact exploits that your organization may face from internal and external malicious cyber threats.

Additionally, having a cyber breach response plan in place with access to the third-party resources you need can help you efficiently and cost-effectively respond to and recover from a breach.

As a TechAssure member, our clients have access to the eRiskHub® portal. eRiskHub® provides tools and resources to help you understand your cyber exposures, establish a response plan and minimize the effects of a cyber breach on your organization.

Maximize Your Cyber Liability Insurance

The cyber world can be confusing, but it’s what we do best! Whether it’s reviewing cyber security best practices, deciphering policy language, or providing loss analysis and benchmarking reports, Holmes Murphy offers a forward-thinking and dynamic approach to keep your organization resilient from cyber threats. To learn more about how we can help protect your most vulnerable information, contact us for a personal consultation.

Not quite ready to make the jump? Learn more about cyber liability insurance and Holmes Murphy on our What’s Up Holmes blog! We post new blogs every Monday and Thursday.