Cyber Risk Management

Emerging cyber threats impact every company. It’s not a question of if you will have a cyber incident, but when. As businesses increase their utilization and dependence on technology, they are more vulnerable to emerging cyber threats that are growing in complexity and sophistication. The importance of a cyber risk management program is increasingly critical.

RHSB guides our clients through Cyber Risks, Readiness, and Response, so that when an incident occurs they are prepared to mitigate potential damage and loss. RHSB leverages the extensive experience and proven track record of our dedicated technology practice that has been negotiating and placing cyber coverage for over 15 years.

Unique RHSB resources include:

  • Client Risk Digest cyber exposure assessment
  • Cyber Liability tool kit
  • Data breach calculators
  • Proprietary peer coverage benchmarking
  • Access to TechAssure’s eRisk Hub
Cyber Liability Insurance

Advances in information technology over the last decade have dramatically changed how business is conducted. New risks to network and information security occur at unprecedented rates with unintended consequences. Data breaches, network failures, cyber extortion, regulatory expenses, and other cyber risks are serious exposures faced by companies of all sizes in every industry. What’s more, standard Property and Liability insurance policies are not designed to cover all cyber perils.

Cyber Liability insurance addresses cyber-attacks from two angles—risk prevention and coverage (should a loss occur). Cyber insurance often promotes risk prevention by providing services and offering incentives to companies that strengthen their security. However, if an attack occurs (and for many companies, it’s not “if” but “when”), the insurance is designed to cover a multitude of losses.

Cyber Liability insurance policies are designed to cover data breaches, business interruptions, security audits, post incident public relations, network damage, customer credit monitoring services, and even criminal reward funds. Policy coverages can differ per insurer and that is why it’s important to have a broker to assist you with the process in finding the policy right for your business.

RHSB’s Cyber Liability practice strives to determine which policy best fits your business to provide mitigation of cyber risk both in terms of your own recovery expenses, as well as liability to third parties.

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RHSB is an exclusive member of TechAssure, the premier international association of technology insurance brokers. Cyber insurers work closely with TechAssure members to develop cutting-edge wording and coverage forms.
TechAssure also publishes a proprietary Cyber insurance benchmarking report.

Internationally Recognized Expertise

Doug Jones received the distinguished Power Broker recognition for Telecommunication and Technology categories from Risk & Insurance Magazine in 2010, 2011, 2013, 2016, and 2020 as well as the Cyber Risk Management Leadership Award in 2015 and 2016.

cyber risk management leadership award logo

RHSB SVP Doug Jones joins Critical Start CTO Randy Watkins for their Cybersecurity podcast Son of a Breach! Episode 6 for a deep but practical dive into the insurance implications of ransomware for businesses. Doug shares what you need to know to keep your business covered. Listen to episode