Find the best plan to protect your firm.
Cyber insurance offers an important service to registered investment adviser ("RIA") firms that often remains underrated. During this time of remote work and relying on telecommunications, it is important now more than ever that your firm and your client's information has the highest protection available.
When looking for the right cybersecurity insurance for your firm, keep these best practices from ProWriters in mind:
- Educate Yourself: Many companies don’t understand what cyber exposures they face. If your firm utilizes technology in any business practices, you need coverage.
- Utilize Efficient Processes: Cyber insurance can be complicated, but finding the right policy doesn’t have to be. Using an insurance comparison tool can save you time and make the process seamless. This comparison tool with Assetsure will allow you to compare multiple quotes in minutes and an independent broker from Assetsure will reach out to discuss the differences in carriers and coverage to find you the right policy.
- Rely on the Experts: In this complicated industry, it’s important to enlist an expert with quality industry experience to make sure you’re up to date and complying with all cyber-related policies.
Learn more about ProWriters' best practices here.
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.
Participating in a cybersecurity program can reduce your premium by ~5-25%.
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.
Get an initial estimate and a cyber risk assessment report from carriers here.