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SMB Cyber Liability Coverage
K2 Cyber, part of K2 Insurance Services, has partnered with Liberty Mutual and its Ironshore programs group to offer expanded cyber risk insurance for small and mid-sized businesses. Liberty Mutual, rated “A” by A.M. Best, brings global underwriting and claims expertise to the collaboration. This move grants K2 Cyber delegated underwriting authority and added capacity to meet growing demand. The program offers up to $3 million in cyber liability coverage to businesses with annual revenues of up to $100 million.
Cyber Insurance For SMBs
Small and medium-sized businesses (SMBs) face rising threats in today’s digital world. Cyberattacks are increasingly targeting these businesses, often with devastating results. Traditional insurance options often fail to meet the complex needs of smaller firms.
The initiative protects organizations, executives, and owners, recognizing the overlap between personal and business digital exposure. “In today’s interconnected world, it’s nearly impossible to draw a clean line between personal and professional digital exposure,” said Keith Moore, CEO of K2 Cyber. “Our program recognizes that reality and builds protection where others leave gaps.”
Cyber Risk Insurance Features
K2 Cyber’s model includes real-time cyber monitoring, built-in risk tools, and complimentary risk engineering, with a focus on education and prevention. Brokers benefit from streamlined workflows and a differentiated offering.
“We’re excited to collaborate with K2 Cyber,” said Patrick Thielen, Global Head of Cyber Insurance at Liberty Mutual. “Their forward-thinking model addresses the needs of small and medium-sized organizations with sophistication and simplicity.”RELATED NEWS
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