Huntress and Acrisure Collaborate to Launch Innovative Zero-Deductible Cyber Insurance Program for Small and Mid-Sized Businesses
In a significant move aimed at enhancing cybersecurity resilience among smaller enterprises, cybersecurity firm Huntress has partnered with global fintech and insurance leader Acrisure to introduce a groundbreaking cyber insurance program specifically tailored for small and mid-sized businesses (SMBs). This newly unveiled initiative features the distinct advantage of offering coverage with no deductible for qualifying applicants, thereby making it more accessible for businesses that often grapple with the complexities of securing cybersecurity insurance.
The announcement, which was made today, outlines a program designed to simplify the insurance acquisition process for eligible Huntress customers and partners. These businesses will have the option to obtain either Cyber Insurance or Technology Errors and Omissions (Tech E&O) insurance policies, facilitated by Acrisure. This streamlined application process stands in stark contrast to the complicated procedures that frequently deter smaller organizations from seeking necessary coverage.
Eligible businesses that currently utilize Huntress’s Managed Endpoint Detection and Response (EDR) and Identity Threat Detection and Response (ITDR) solutions can apply through this simplified method. Those who meet the established criteria will benefit from insurance coverage that does not require any deductible, making it a noteworthy option for SMBs that strive to enhance their cyber defenses without incurring additional financial burdens.
This collaboration arises at a time when AI-driven cybercrime is on the rise, significantly elevating the need for robust cyber insurance among enterprises of all sizes. However, many organizations continue to encounter obstacles in securing appropriate coverage, often facing complex underwriting requirements and unpredictable market dynamics that can make the process daunting.
Jeremy Young, the Director of Community at Huntress, articulated the rationale behind selecting Acrisure as a partner for this initiative. He emphasized that the collaboration is founded on a shared commitment to making cyber protection and resilience more readily accessible to businesses. Young stated, "This collaboration reflects our shared focus on helping make cyber protection and resiliency more accessible to businesses through the combination of managed cybersecurity technology and cyber insurance solutions."
From the perspective of Acrisure, the strategic partnership is appealing due to the measurable security outcomes that Huntress can deliver. Adam Abresch, the Executive Vice President (EVP) of Cyber Solutions at Acrisure, highlighted the firm’s proven success in countering serious cyber threats, such as ransomware and business email compromise, which rank among the leading contributors to costly cyber insurance claims. Abresch noted, "Our data indicates that better outcomes can be achieved by leveraging managed security platforms, and insurers look for demonstrated results in this space to confidently underwrite policies and streamline terms."
A crucial element of the offering rests on Huntress’s 24/7 Security Operations Center (SOC), which is powered by artificial intelligence and staffed by skilled security analysts around the clock. The constant monitoring and expert oversight provided by the SOC further strengthen the underwriting process by assuring insurers of the comprehensive protection offered to policyholders.
The newly launched program is already available for interested businesses. They can verify their eligibility and submit applications directly via the dedicated website at acrisure.com/huntress. As cyber threats continue to evolve and pose significant risks, ensuring that small and mid-sized businesses are equipped with the necessary protective measures is vital.
Prominently, Huntress has established itself as a formidable player in the cybersecurity landscape, currently safeguarding over five million endpoints and protecting 11 million identities worldwide. This strategic collaboration underscores the importance of aligning cybersecurity solutions with insurance offerings to provide a robust safety net for businesses navigating today’s perilous digital environment.
As the landscape of cyber risk grows increasingly complex, initiatives such as this not only serve to empower small and mid-sized businesses but also reinforce the importance of collective effort in combating cyber threats across the board. The partnership between Huntress and Acrisure exemplifies an innovative approach to addressing these challenges, ensuring that businesses no longer need to navigate the murky waters of cyber insurance alone. The future of cybersecurity insurance for SMBs looks promising, characterized by improved accessibility, support, and resilience against the backdrop of an ever-evolving threat landscape.