Services
Cyber
Our Cyber team is not just about cyber insurance. We help you identify the cyber risks that exist in your operations and create a customized plan to address them.
Every Company Needs a Shield
From highly publicized hacks to ever-changing government regulations, there’s a lot to stay on top of when it comes to cyber liability and crafting your cyber insurance policy. At Woodruff Sawyer, we’ve invested in cyber expertise to provide you with deep technical knowledge while delivering unparalleled service. You’ll get a strategic partner who works to understand your company’s specific risks—as well as robust data analytics to quantify your risk and support decision-making on the right policy. At the end of the day, you want your policy to perform when you need it, and we’re here to ensure it does.
The most common cyber risks that insurance can help with include:
Tech companies may find it difficult or costly to purchase robust technology E&O coverage along with their cyber insurance. With our knowledge of the market and deep carrier relationships, we’ll ensure you get the best available policy options.
Data breaches are on the rise. This means it’s more important than ever for companies to protect their data and take the right steps after an incident. We’ll ensure coverage against this risk, including fallout expenses such as lost profits and IT forensic costs from breaches that may occur.
Whether from physical damage, a security failure, or a system failure, network business interruption can come from various sources. Our specialists work with you to ensure adequate coverage and, with a deep understanding of your policies, we’ll make sure the right policy responds when you need it.
Continued ransomware attacks are driving the need for heightened cyber extortion controls. The good news is cyber policies will respond to these incidents, including the cost to pay an extortion demand. Our dedicated team of cyber risk experts constantly evaluates the latest threats and will connect you with the right specialists if an incident arises.
Underwriters consistently rank ransomware as the top cyber threat that companies face—and high-profile news coverage and new SEC disclosure rules don’t help things. We’ll help identify steps to take to reduce your risks and guide you through incidents to minimize their impact.
An increasing number of government agencies (including states) are implementing regulations to ensure customer privacy and protection. Our team of experts stays on top of these evolving regulations, providing you with informed insights on what these new laws could mean for your business.
A traditional cyber policy will not cover physical damage to property or equipment caused by a cyberattack—leaving your costly equipment and products at risk. We’ll provide solutions to resolve the coverage gap and ensure your facility is fully protected.
Data & Analytics
Data Intelligence To Help You Make Smart Decisions
We use data to give you actionable insights, enabling you to:
- Budget for, monitor, and manage risk with more precision
- Retain portions of risk that are financially viable
- Build your optimal insurance and risk finance strategy
Specialized Advisors
We’ll Explain and Guide You Through Your Cyber Risk
Our cyber experts work as an extension of your team, providing end-to-end guidance and specialized advice. From reviewing your exposures to explaining cyber risk to your board, to guiding you through the claims process in the event of a cyberattack, we’re your partner for all your cyber risk needs.
Artificial Intelligence
Empowering AI Innovators
We deliver customized risk management strategies to help AI companies avoid insurance blind spots and support their growth. We offer:
- Market expertise
- Knowledge of where your company fits in the AI ecosystem
- Negotiating power with underwriters
- Agility to scale coverage solutions as you grow
2024 Guide to Cyber Liability Insurance
Understand the ins and outs of cyber insurance, including identifying your organization's unique cyber risks and the benefits of cyber coverage.