There's a good reason why 75% of middle market business leaders in the annual Business Insurance Trends Report say they are "extremely or very concerned" about cybersecurity and data privacy.
Especially when you consider that Forbes reports data breaches rose by 72% between 2021 and 2023—and there were 343 million victims of cyberattacks in 2023 alone.
That's why the insurers you partner with should not only provide your clients with specialized cyber coverages, like those available through Glatfelter Brokerage Services, but also resources that are focused on your clients' unique risks, like these resource libraries for community-focused organizations. And they may even teach you a thing or two along the way to help you do your job safely and efficiently!
When it comes to cybersecurity, the basics can go a long way. The Cybersecurity & Infrastructure Security Agency shares the following simple steps to help make you less vulnerable to threats:
According to Cybersecurity Dive, companies with cyber coverage are better at detecting and responding to cyberattacks! Further, 1 in 4 global companies with standalone cyber insurance coverage were able to detect and respond to incidents in a week or less, outperforming those who lacked or bundled their coverage.
Glatfelter is proud to offer clients a standalone, non-admitted cyber product that's designed to meet the growing threat posed by cyber-attacks in today's world.
This is provided by an A.M. Best A-Rated carrier and was the first product presented by Glatfelter's new wholesale unit, Glatfelter Brokerage Services (GBS). You can learn more about standalone cyber coverage available through Glatfelter here.