Progressive Insurance will offer small business owners the ability to compare, quote and buy cyber insurance online, alongside other small business coverages, through CyberPolicy, an online cyber insurance marketplace . Progressive Insurance offers a suite of insurance products for small businesses, and cyber insurance is a critical component to consider when shopping for coverage. According to Keith Moore, founder and CEO of CyberPolicy, the new relationship will deliver options for cyber insurance to SMB customers. CyberPolicy launched in 2016, offering small businesses an online system to compare, quote, and buy cyber insurance online in minutes. Since then, CyberPolicy has expanded its cyber insurance offerings to cover 98 percent of small business types with up to $250 million in revenue. CyberPolicy works with insurers including Progressive, Chubb, Hiscox, SecurityScorecard, UpGuard and others to develop bundled cybersecurity offerings to help small businesses against cyberattacks. CyberPolicy is a wholly-owned subsidiary of CoverHound Inc. Was this article valuable? Yes No Here are more articles you may enjoy. Get the latest insurance newssent straight to your inbox.
Progressive Insurance will offer small business owners an online platform to compare, quote and buy insurance through CyberPolicy’s online marketplace. The platform says it’s able to provide coverage for 98% of small businesses with under $250m in revenue. “Small businesses are the backbone of our economy – they create jobs and generate tax revenue,” said John Deasy, president and CEO of Progressive Insurance.