At-Bay launched
an excess cyber insurance policy for clients across all industry
classes. At-Bay developed this product to fulfill broker demand for
access to the At-Bay Security Team for organizations with insurance
towers.
The At-Bay Security Team provides insureds with ongoing vulnerability
scanning, threat monitoring, and 24/7 support to help prevent loss. With
the new product launch, At-Bay has made these security services
available to Excess clients.
“We wanted to create an excess program for our clients that doesn’t just
provide capacity, but rather provides smart capacity that helps all
parties avoid loss, including the underlying limits,” said Brett Sadoff,
At-Bay’s Head of Insurance. “Proactive risk management is the future of
cyber insurance and we are very happy to bring this to market for our
customers.”
In addition to monitoring clients throughout the lifetime of their
policy, the At-Bay Security Team reviews prospective clients during the
underwriting process. The team built its own security scanning
technology and risk model to augment traditional underwriting methods.
With access to deep security insights, At-Bay can underwrite more
confidently, provide better coverage, and provide prices that match the
quality of the client’s security.
At-Bay’s excess product compliments their primary cyber insurance
product that is available to select broker partners. At-Bay offers both
primary and excess limits up to $10M for clients up to $5B in annual
revenue across all 50 states and Washington D.C.
About At-Bay
At-Bay is a cyber insurance provider with underwriting capacity by A++
rated The Hartford Steam Boiler Inspection and Insurance Company (HSB),
part of Munich Re. At-Bay provides coverage of up to $10M in all 50
states, for organizations as large as $5Bn across all industry classes.
At-Bay’s dedicated security team actively monitors our clients and finds
vulnerabilities before hackers do. The team is available and always on
call. At-Bay is backed by LightSpeed Ventures Partners and Khosla
Ventures. For more information about At-Bay, visit www.at-bay.com,
or contact us at underwriting@at-bay.com
View source version on businesswire.com: https://www.businesswire.com/news/home/20190516005024/en/