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 Keher Moore, the founder and CEO of CyberPolicy, the new relationship will offer cyber insurance options for SMB customers.
CyberPolicy launched in 2016 and offers an online system for small businesses to compare, quote and buy cyber insurance within minutes. Since then, CyberPolicy has expanded its offer of cyber insurance with revenue of $ 250 million to cover 98 percent of small business types.
CyberPolicy works with insurance companies such as Progressive, Chubb, Hiscox, SecurityScorecard, UpGuard and others to develop packaged cyber security offers to help small businesses against cyber attacks. CyberPolicy, CoverHound Inc. is a wholly owned subsidiary.
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