Two weeks after unveiling insurance offerings for small businesses on its online platform, CoverHound has launched another website-CyberPolicy.com-with cyber protection tools for a similar target market.
Initially targeting slightly smaller businesses-those with 15 employees or fewer-CyberPolicy.com went live on Oct. 5, offering cybersecurity tools and cyber insurance policies from Norton by Symantec and Chubb in one bundled sale. The site launched back in July, but until now it only offered educational content about cyber risks to the general public.
The products are being offered in California only now at launch but the company plans to expand to other states soon.
Also, the CyberPolicy site will eventually expand to cover larger businesses, CoverHound said.
"The future of cyber and small business products is underwriting the vendors that people use," CoverHound CEO Keith Moore told Carrier Management recently, explaining how it is possible to simplify the cyber insurance sales process from an underwriting standpoint and open up the possibility of binding small business cyber policies online.