RIA in a Box® has partnered with ProWriters and AssetSure to provide registered investment advisors ("RIAs") with access to cybersecurity insurance from top providers in the industry. RIAs now have streamlined access to leading cybersecurity insurance plans to help protect their firms from financial losses in the event of a cybersecurity breach. Directly through our MyRIACompliance® platform, RIA in a Box® clients will have easy access to the ProWriters platform, which populates cyber insurance quotes from multiple carriers based on each firm's individualized needs. After inputting some basic information, RIAs will receive a customized risk assessment report which they can use when comparing insurance carriers' prices and features. The integration will reduce the time and effort needed to identify and understand the relative benefits of available cybersecurity insurance providers and plans. Through this new feature, RIAs will be able to access industry-leading cyber insurance carriers, including Axis, At-Bay, CFC, Chubb, Coalition, Corvus, Hiscox, HCC, and Tokio Marine. Most carriers offer an 'enhancement' on the coverage issued to RIAB customers. Moreover, participating in a cybersecurity program like MRC Cyber can reduce your premium by ~5-25%.
Once ProWriters identifies recommended insurance carriers based on a firm's unique business needs, AssetSure guides RIAs through the process of selecting the carrier, answering any questions, and securing coverage. AssetSure also provides advisors with a client portal to access detailed plan information at the click of a button.
Learn more about our Cyber Insurance offering with ProWriters here. We have also created a Cyber Insurance Checklist to further breakdown the process of finding the best cyber insurance plan for your firm.