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Concierge Cyber Enhances Membership Benefits with $100,000 Admitted Cyber Insurance for SMEs

Posted on October 2, 2024October 2, 2024 By Martin Hinton

Small businesses are increasingly targeted by cyberattacks, accounting for 43% of incidents annually, with nearly half involving businesses with fewer than 1,000 employees. This trend has only intensified in the past year as more small businesses transition to cloud services and advanced technologies, increasing their vulnerability. That makes every new product designed to protect small and medium-sized enterprises (SMEs) worth a look.

Concierge Cyber has expanded its membership benefits by embedding $100,000 in cyber insurance for eligible SMEs. Announced on October 2, 2024, the new Concierge Cyber Insure program offers comprehensive admitted cyber insurance coverage as part of its membership. This enhancement targets organizations with revenues up to $25 million, subject to underwriting approval.



The coverage includes a range of property and liability cyber risks, such as event response, data recovery, and optional sublimits for reputational harm, system failure, and cyber extortion. Eligible members also gain access to experienced claims advocates who will assist in maximizing insurance recovery and reviewing third-party contracts to ensure comprehensive protection.

“Seamless Process”

Kurtis Suhs, CEO of Concierge Cyber, highlighted the value of this enhancement: “We are thrilled to offer embedded cyber insurance with Concierge Cyber Insure membership. This inclusion significantly enhances the customer experience by providing coverage from the start, integrating risk management and insurance in a seamless process.”

Concierge Cyber has been a resource for SMEs for over six years, providing cyber incident response strategies. The new insurance feature aims to further mitigate financial risks associated with cyberattacks, creating a more secure environment for member organizations.

The enhanced offering is available to over 650 authorized insurance and non-insurance partners across the United States. Members will also continue to benefit from significant discounts on cyber risk management products and services through Concierge Cyber’s network of credentialed providers.

Source: CONCIERGE CYBER® ENHANCES MEMBERSHIP BENEFITS WITH ADMITTED CYBER INSURANCE COVERAGE FOR SMALL AND MEDIUM-SIZED ENTERPRISES.

Other News: Howden Launches New Platform to Simplify Cyber Insurance for Small Businesses(Opens in a new browser tab)

Other News: UK reveals father and son at heart of Evil Corp hackers.

Cyber Insurance for SMEs/SMBs Tags:Concierge Cyber, cyber insurance, cyber insurance for small businesses, Cyber Insurance for SMBs, cyber insurance SMEs, cyber liability insurance, Cybersecurity

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In this clip from our latest podcast episode, Dan Candee, CEO of Cork Protection, dives into a critical topic that hits close to home: Cybersecurity for Main Street businesses.

🛡️ With a background in enterprise-level cybersecurity on Wall Street and a personal connection to small business through his family, Dan shares why Cork focuses on protecting small and mid-sized businesses from rising cyber threats.

🚨 "The threat actors are getting better, and they're coming after Main Street more and more."

👉 Discover why Main Street is being underserved in today's digital threat landscape and how Cork is filling that gap with a unique value proposition.

🔗 Learn more about Cork: corkinc.com
🎧 Full Podcast Episode: www.youtube.com/@CyberInsuranceNews/podcasts

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Cybersecurity for Main Street: Dan Candee on Protecting Small Businesses | CEO of Cork Protection
SMB Cyber Threats - In this episode of the Cyber Insurance News Podcast, host Martin Hinton talks with Dan Candee, CEO of Cork Protection, about the rising tide of cyber threats targeting small and mid-sized businesses (SMBs). Dan shares his journey from Main Street entrepreneur to cybersecurity leader, offering real-world insight into the threat landscape, financial vulnerabilities, and how AI and managed service providers (MSPs) can help fortify business resilience.

We explore:
• Why Main Street is more vulnerable than Wall Street
• Common SMB cybersecurity blind spots (like ACH fraud)
• The evolving role of managed service providers
• How Cork Protection blends cybersecurity and cyber insurance
• Real-world attack case studies and practical advice for SMBs

Whether you’re a small business owner, MSP, or cyber pro, this episode unpacks how to prepare, prevent, and protect your organization in today’s digital world.

📌 Topics: cybersecurity, cyber insurance, social engineering, SMB protection, ransomware, AI in security, MSPs

🎙 Guest: Dan Candee, CEO of Cork Protection
📢 Host: Martin Hinton, Executive Editor, Cyber Insurance News

👉 Don’t forget to like, comment, and subscribe for more insights on cyber insurance and digital defense!

#CyberSecurity #CyberInsurance #SMB #AI #CyberPodcast #BusinessResilience #smallbusiness #sme
00:00 Introduction - Dan Candee and Cork Protection
02:27 The Importance of Cybersecurity for Small Businesses
05:29 Understanding Cyber Threats and Their Impact
08:26 The Role of Managed Service Providers in Cybersecurity
11:24 24Financial Protection and Cyber Insurance Solutions
14:01 Leveraging AI in Cybersecurity
16:53 Navigating Cyber Insurance Policies
19:56 Empowering Small Businesses with Knowledge
21:52 The Future of Cybersecurity and Community Resilience
26:05 MSP/ MSSP The Lingo decoded
29:05 Finals Thoughts and a bit of Hope!
SMBs Are Cyber Targets | Dan Candee on Cyber Resilience & AI | Cyber Insurance News Podcast EP#6
Cyberattack on Small Business is on the rise—and AI is making it worse. In this episode of the Cyber Insurance News Podcast, host Martin Hinton sits down with William Altman of CyberCube to unpack how AI is enabling threat actors to more efficiently target and exploit small businesses.

🔐 From credential stuffing to brute force attacks, William explains how cybercriminals use AI to bypass login portals and MFA solutions—putting millions of small business owners at risk.

🎙️ Timestamps:
0:00 - Introduction
6:26 - William Altman on AI and threat actors
6:50 - Credential stuffing, brute force & reused credentials
10:00 - What small businesses can do right now
14:20 - The future of AI in cybercrime

🎧 Don’t miss this crucial update on the cybersecurity landscape for small businesses. Subscribe and stay informed.

#cyberattack #smallbusiness #AI #cybersecurity #CyberCube
Cyberattack on Small Business: How AI Supercharges Cyber Threats | William Altman @CyberCube"
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