WASHINGTON, July 7, 2020 /PRNewswire-PRWeb/ -- AHT Insurance in partnership with Coalition announced the release of NAM Cyber Cover, an exclusive cyber security and risk mitigation program for members of the National Association of Manufacturers (NAM).
As the nation's most effective resource and influential advocate for manufacturers across the country, the NAM identifies and offers solutions for members to help strengthen and protect the manufacturing industry. Cyber vulnerabilities have emerged as the largest risk facing manufacturers of all sizes and types, so the NAM led the creation of NAM Cyber Cover with national insurance broker AHT Insurance and underwriter Coalition.
"Modern manufacturers are deploying advanced technologies that are transforming what we make and how we make it. This rapid digitization and the workplace disruptions created by the COVID-19 pandemic have created new and unprecedented risks for our members," said Jay Timmons, NAM president and CEO. "Our partnership with AHT will help protect our industry from cyberattacks and ensure we can continue to lead our economic recovery and renewal."
NAM Cyber Cover brings the power of nationally recognized broker, AHT Insurance, together with leading cyber insurance provider, Coalition, to identify, protect and manage the unique exposures facing manufacturers. Differentiating this program from traditional, standalone insurance offerings is the full-cycle management and response to potential risks and cyberattacks. Shifting the focus from responding to an attack after it has already happened to prevention is the foundation upon which NAM Cyber Cover was built.
"The inimitable exposures manufacturers face, coupled with an unrelenting target on the industry, necessitates a pivot in how cyber programs are structured," said David Schaefer, AHT President and CEO. "We look forward to helping the NAM's members make that pivot to manage risks up front and protect themselves against cyberattacks."
For more than 25 years, AHT's boutique Manufacturing practice has been nationally recognized as a leader in risk management and global machinery manufacturing. Led by a team of professionals spanning more than 50 years of combined industry experience, AHT is uniquely positioned to help manufacturers identify and manage the risks they face.
"This partnership with the NAM marks a significant advancement in the security and protection of manufacturing organizations worldwide," said George Forrester, AHT SVP and Manufacturing Practice Leader. "We are excited to offer our expertise in risk mitigation, coupled with the resources and cyber insurance proficiency of Coalition, to NAM members."
Backed by an A+ carrier, Coalition is the only provider offering an industry-leading policy that covers the unique exposures facing manufacturing firms. Its technology platform delivers insurance plus proactive cybersecurity tools to keep your business safer, including risk management, security tools, incident response, claims and business recovery.
"Manufacturers are more reliant on technology than ever before, and more in need of a solution to survive catastrophic security failures and data breaches," said Joshua Motta, Coalition Founder and CEO. "We're proud to partner with the NAM and AHT to revolutionize the way manufacturers mitigate cyber risk, providing security tools to prevent incidents, incident response support to mitigate losses, together with the safety of insurance.
As new risks arise, and existing ones remain prevalent, manufacturers will continue to be regarded as easy targets for threat actors. Employing a comprehensive cyber program, such as NAM Cyber Cover, to manage, mitigate, respond to and recover from an attack will become an essential tool to help protect businesses from catastrophic loss. Read more about NAM Cyber Cover at http://www.namcybercover.org.
About AHT Insurance
AHT Insurance is a brokerage and consulting firm offering property and casualty, employee benefits, retirement, personal and international services for a wide range of industries – notably receiving national recognition for our practices in areas including technology, manufacturing, government contracting and nonprofits.
About Coalition
Coalition combines comprehensive insurance and free cybersecurity tools to help businesses manage and mitigate cyber risk. Backed by A+/A rated insurers Swiss Re Corporate Solutions and Argo Group, Coalition provides companies with up to $10M of cyber and technology insurance coverage in all 50 states and the District of Columbia.
About NAM
The National Association of Manufacturers (NAM) works for the success of the more than 12.8 million men and women who make things in America. Our work is centered around four values that make our industry strong and America exceptional: free enterprise, competitiveness, individual liberty and equal opportunity. These pillars guide what we do every day, whether it's standing up for manufacturers in Washington, DC, inspiring the next generation of manufacturing talent, providing news and intelligence about the industry or helping members innovate and advance. Representing 14,000 member companies—from small businesses to global leaders—in every industrial sector, we are the nation's most effective resource and most influential advocate for these values and for manufacturers across the country. Today, we are a one-stop shop for manufacturers and manufacturing.
If you would like more information, please visit ahtins.com/nam, call Jennifer Junda at 703.554.6284 or email [email protected].
SOURCE AHT Insurance
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