Embroker Team December 20, 2023 3 min read

Embroker and SecurityScorecard Announce Partnership to Enhance Cybersecurity Insurance

Embroker and Security Scorecard announce partnership.

Today, we are announcing our partnership with SecurityScorecard, a renowned authority in cybersecurity ratings. In joining forces, our two organizations continue to improve the insurance buying process for businesses by integrating cybersecurity hygiene directly into the process.

This partnership is a win for policyholders as companies with an A grade from SecurityScorecard are now eligible for up to a 10% discount on their Technology E&O/Cyber Liability policies. To see if you qualify, get your free SecurityScorecard account here

A Fusion of Expertise

Embroker’s reputation for innovative insurance solutions merges seamlessly with SecurityScorecard’s expertise in cybersecurity assessment. This collaboration is underpinned by a shared vision of elevating cyber security and providing businesses with the tools they need to thrive in an increasingly digital world.

SecurityScorecard’s ratings are a trusted measurement of cybersecurity risk. Organizations with an “A” rating from SecurityScorecard have been shown to be 7.7 times less likely to be breached versus those with an “F” rating. In combination with Embroker’s expertise in cyber liability insurance, this partnership creates a comprehensive solution for businesses to manage their cyber risk. 

Key Benefits of the Partnership

The alliance between Embroker and SecurityScorecard introduces two pivotal advantages for clients seeking cyber liability insurance:

Streamlined Insurance Application Process

Thanks to this partnership, businesses applying for technology errors and omissions and cyber liability insurance through Embroker will experience a streamlined application process. Embroker, through a digital integration with SecurityScorecard, can reduce the number of questions typically required during the application phase. This not only saves time but also ensures a more accurate assessment of a company’s risk profile.

How It Enhances the Experience:

  • Simplified Application: Fewer questions. By knowing your cybersecurity hygiene rating from SecurityScorecard, Embroker can deliver a streamlined, straightforward application process.
  • Accurate Risk Assessment: More tailored policy solutions. Based on SecurityScorecard’s comprehensive cybersecurity ratings, Embroker can more accurately deliver companies the coverage they need for where they are. 

Continuous Cyber Health Monitoring

A standout feature of this partnership is the integration of continuous cyber health monitoring over the term of the insurance policy. Embroker, utilizing the insights provided by SecurityScorecard, will be able to track and address potential digital security concerns throughout the policy’s duration to provide suggestions for further improvements and digital protections.

Advantages of Continuous Monitoring:

  • Proactive Risk Management: Hourly, daily, and weekly monitoring allows for immediate identification and response to emerging cybersecurity threats.
  • Dynamic Policy Adjustment: Insurance coverage can be adjusted dynamically in response to changes in a company’s cyber health profile.

Industry-Wide Implications

By intertwining cybersecurity assessment with insurance offerings, Embroker and SecurityScorecard are setting a new standard for commercial insurance.

Uplevlelling Insurance Practices

The integration of cybersecurity ratings into the insurance application process and the provision of ongoing cyber-health monitoring are poised to become necessary in the commercial insurance industry. This approach promotes a more informed and responsive insurance landscape.

Enhancing Cybersecurity Awareness

The partnership underscores the critical role of continuous cybersecurity vigilance. It highlights how integral cybersecurity is not only for operational security but also for financial and reputational protection.

Moving Forward

The collaboration between Embroker and SecurityScorecard is a testament to both companies’ commitment to innovation and excellence.

This partnership between Embroker and SecurityScorecard is more than a collaboration; it’s a commitment to transforming how businesses approach and manage digital risk. It’s a step towards a future where cybersecurity and insurance are intrinsically linked, providing businesses the confidence to navigate the digital landscape safely and successfully.

To see if you qualify, get your free SecurityScorecard account here.

Related Articles

A home inspector is using a flashlight to investigate a home. Embroker's home inspector risk management guide should help them with anything they need on the business side.
Risk Management Guide for Home Inspectors

Risk Management Guide for Home Inspectors

7 min read

Risk management is synonymous with home inspectors. After all, they help manage risk for prospective homebuyers.  But what about managing the risks that home inspectors themselves face? Or, is anyone thinking about home inspector risk management more broadly? Risk management is crucial for a successful home inspection business. In fact, it’s been reported that 12% […]

Read More
A person is standing, holding their index finger up, with a megaphone, hopefully talking about Embroker's May Newsletter.
How Policy Limits Work – May 2024 Embroker Newsletter

How Policy Limits Work – May 2024 Embroker Newsletter

13 min read

Let’s be honest. Shopping for and buying insurance can be confusing, especially if you’re just starting a business. What policies do you need? How much do you want to pay in premiums? What’s the right deductible to get? What do these words even mean? While all of those are important considerations, there’s another critical component […]

Read More