"The impact of not having Cyber Insurance in place to protect against financial loss can be devastating for a small contractor. Contractors now have easy access to affordable solutions that can help them manage their cyber risk."
LAKEWOOD RANCH, Fla. (PRWEB) November 05, 2018
360 Coverage Pros announced today the launch of a new suite of cyber risk solutions designed specifically for companies under contract with the federal government.
With cyber criminals increasingly targeting smaller businesses in the federal government supply chain, the program provides federal contractors access to an affordable package that combines cyber and data breach insurance with NIST 800-171 and DFARS compliance services. Depending on which agencies they work with, federal contractors must comply with NIST 800-171, DFARS, or both, and compliance must be continuous.
The program offers cyber risk assessments, compliance and breach prevention tools, and cyber liability insurance to help protect contractors against the high costs associated with a data breach. The products are affordable, simple to purchase and specific to today’s cyber and data breach risks. Contractors also have access to data breach response resources including a rapid cyber breach response hotline.
“The impact of not having Cyber Insurance in place to protect against financial loss can be devastating for a small contractor,” states Scott Reid, National Director of Cyber Insurance Programs for 360 Coverage Pros. “Not following the specific cyber security guidelines and requirements can cost a business their contract with the federal government. With the cyber insurance and the compliance and prevention tools that we are making available, these mission critical contractors now have easy access to affordable solutions that can help them manage their cyber risk, maintain cyber security best practices and mitigate the damage done to their business by a data breach.”
To participate in the program, an organization must be under contract with the federal government as a sub to a prime, or a prime in support of the Department of Defense or a non-DOD federal organization. The cost of the cyber insurance plans and data breach support may be reimbursable by the government as a security assistance expense.
To learn more please visit https://www.360coveragepros.com/federal-contractor-programs.
About 360 Coverage Pros:
360 Coverage Pros is administered by Gallagher, a global insurance brokerage, risk management and consulting services firm. Founded in 1927, Gallagher has operations in 33 countries and offers client service capabilities in more than 150 countries around the world through a network of correspondent brokers and consultants. 360 Coverage Pros utilizes innovative technologies to provide turnkey insurance solutions tailored to specific industries. Serving as the program administrator and provider for over 300 national associations and affinity groups, 360 Coverage Pros delivers unparalleled industry expertise and fast, easy access to insurance programs and services.