Mulberri, an AI-driven insurance platform, and Acronis, a leader in cyber protection, announced a new partnership today to offer cyber insurance specifically designed for small and medium-sized businesses (SMBs) in the United States. This collaboration integrates Mulberri’s cyber insurance directly into the Acronis platform, enabling Acronis’s customers to easily opt-in for coverage.
This partnership is transformative because Acronis combines cybersecurity, data protection, and endpoint management into a comprehensive service for managed service providers (MSPs) and SMBs. By adding cyber insurance, Acronis and Mulberri now provide an end-to-end solution that enhances these businesses’ overall security posture.
Mulberri’s cyber insurance is AM Best rated, indicating high reliability and financial strength. The insurance offering includes standalone policies with $250,000 and $500,000 limits and fixed premiums, making it accessible for SMBs. These features aim to address the traditional barriers that have kept cyber insurance adoption rates among SMBs below 5%. The simplified product design and regulatory approval by state insurance authorities mean that SMBs can now afford basic yet crucial coverage.
“Streamlining this Process”
Hamesh Chawla, co-founder and CEO of Mulberri, emphasized the importance of this partnership, stating, “Our embedded partners often hesitate to sell cyber insurance to SMBs because it complicates the sales process with additional questions and due diligence. By streamlining this process and offering lower policy limits, we have created an entry-level program that opens up cyber insurance to businesses previously unprotected.” He expressed enthusiasm about providing SMBs with security against the growing threat of cyber attacks that can severely impact their operations.
Mulberri’s cyber insurance seeks to simplify the buying process through its straightforward coverage terms, minimal underwriting questions, and seamless integration into the sales cycle by offering a simple, frictionless, and embedded insurance solution. Cyber insurance for SMBs is a complex landscape fraught with new and complex issues. Partnerships like the one bewtween Mulberri’s and Acronis are a risk management solution for SMBs that is worth considering.
Other News: SMBs Get Easier Access to Cyber Insurance with SaaS Alerts and FifthWall Solutions(Opens in a new browser tab).