Blumira, a supplier of safety data and occasion administration and prolonged detection and response options, has struck an alliance with Beltex Insurance coverage Company.
The collaboration is ready to offer small and mid-sized companies (SMBs) with enhanced cybersecurity insurance coverage options.
It goals to enhance protection, supply aggressive charges and improve incident response capabilities for managed service suppliers (MSPs) and their SMB shoppers.
In accordance with Blumira, a mere 55% of organisations possess cyber insurance coverage, and simply 19% are lined for cyber occasions exceeding $600,000, regardless of an increase in cyberattacks.
The alliance between Blumira and Beltex seeks to bolster cyber insurance coverage adoption and safeguard SMBs from cyber threats.
As a most well-liked vendor accomplice of Beltex, Blumira’s MSP companions can now current their prospects utilizing Blumira’s SIEM resolution with protection choices and doubtlessly extra beneficial cyber insurance coverage charges.
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Furthermore, MSPs may have the chance to use for the Beltex Licensed Incident Response (IR) programme.
This initiative will permit MSPs to have interaction of their prospects’ IR processes and doubtlessly obtain reimbursement for his or her efforts.
Beltex insurance coverage is at the moment obtainable to MSP prospects within the US with an annual income of lower than $100m, protecting 48 states, with plans to develop to 2 extra states shortly.
Blumira director of accomplice technique Jeremy Younger stated: “Blumira’s partnership with Beltex is a sport changer for MSPs, creating an insurance coverage product that considers the precise safety instruments MSPs are utilizing to supply larger limits at decrease prices is desperately wanted in our area.
“Moreover, Beltex understands the MSP’s position within the IR course of and, in doing so, has created the flexibility for them to get reimbursed for his or her work – it has by no means occurred earlier than.”
Beltex founder, CIO and managing accomplice Dustin Bolander stated: “Collaborating with business leaders like Blumira allows us to speed up our dedication to delivering high quality insurance policies and aggressive charges to SMBs.
“Collectively, we’re shaping a panorama the place companies can thrive with the peace of mind of strong safety options tailor-made to their distinctive wants.”
In different current developments within the cyber insurance coverage area, Resilience, a US-based cyber insurance coverage supplier acquired BreachQuest, an organization specialising in IR platforms.
Moreover, Beazley, a UK-based specialty insurer, launched Beazley Safety, a new cyber threat administration firm integrating varied cybersecurity providers.
