Ep. 015 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

 Today on Spot On Insurance: 

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?

 Key Takeaway:

 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:

 Specialty Insurance Blog

Connect with Robert Sargent

 Tennant Risk Services

This episode was brought to you by…

Spot On Insurance is brought to you by Insurance Licensing Services of America (ILSA), America’s Premier Insurance Compliance and Licensing experts. To learn more about ILSA and their services, visit ILSAinc.com.

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