Progressive Insurance will offer small business owners the ability to compare, quote and buy cyber insurance online, alongside other small business coverages, through CyberPolicy, an online cyber insurance marketplace .
Progressive Insurance offers a suite of insurance products for small businesses, and cyber insurance is a critical component to consider when shopping for coverage.
According to Keith Moore, founder and CEO of CyberPolicy, the new relationship will deliver options for cyber insurance to SMB customers.
CyberPolicy launched in 2016, offering small businesses an online system to compare, quote, and buy cyber insurance online in minutes. Since then, CyberPolicy has expanded its cyber insurance offerings to cover 98 percent of small business types with up to $250 million in revenue.
CyberPolicy works with insurers including Progressive, Chubb, Hiscox, SecurityScorecard, UpGuard and others to develop bundled cybersecurity offerings to help small businesses against cyberattacks. CyberPolicy is a wholly-owned subsidiary of CoverHound Inc.
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