Smart Cyber Insurance®: Primary and Excess

Our Smart Cyber Insurance^® policy covers losses resulting from a security breach or cyber crime event, including: first-party losses, or losses suffered by your company (for example, income loss or digital asset loss) and third-party losses (amounts that your company is legally obligated to pay to others).

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Corvus considers several factors when calculating premiums, including an organization’s score on our noninvasive IT security scan, the organization’s revenue and nature of business, the quality of the organization’s cybersecurity controls, and the limit requested.

The cost of cyber insurance premiums varies depending on the type and size of the business insured. Annual premiums start at around $2,000.

Your cyber insurance provider is an important partner in mitigating security threats. Every Corvus policy includes access to Travelers Cyber Risk Services, the only cyber risk mitigation solution proven to reduce risk. Policyholders engaged with Cyber Risk Services have experienced up to a 20% reduction in the frequency and cost of cyber breaches. Policyholders also gain access to unlimited consultations with cyber experts, real-time intelligence on emerging threats, and easy-to-use tools to manage security risks.

Corvus collaborates with the top cyber insurance brokers in the market, including both wholesale brokers and retail brokers. These partnerships emphasize expertise in cyber risk management, ensuring clients receive tailored coverage that addresses evolving digital threats and cyber exposure such as social engineering, business email compromise, and phishing attacks. Corvus values partnerships with brokers committed to client education, creating a network that enhances the accessibility and effectiveness of cyber insurance solutions across different industries and business sizes.

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Contact your commercial insurance broker and ask them about cyber liability coverage. Corvus's offerings are available via select appointed agencies around the country. Our expert cyber underwriters work hand-in-hand with brokers to provide fast, accurate, and fully customized cyber insurance quotes.

The first step toward submitting a cyber insurance application with Corvus is to get appointed with us.

If you are already appointed to work with our team, you can either email us directly at submissions@corvusinsurance.com or reach out to your local Territory Manager to begin your submission.

Corvus Territory Managers:

Jim Lannon - Northeast

Assistant Vice President, Distribution 
jlannon@corvusinsurance.com 

Allie Greenberger - Mid-West / Texas

Manager, Central National Accounts
agreenberger@corvusinsurance.com

Preston Way - West Coast

Territory Assistant Vice President
pway@corvusinsurance.com

Christy Johnson - Southeast

Territory Assistant Vice President
cjohnson@corvusinsurance.com

Common incidents that trigger cyber insurance claims include:

• Ransomware attacks: Hackers lock up files or devices and demand a ransom payment in exchange for release

• Data breaches: Confidential data is stolen or otherwise exposed by threat actors or human error

• Wire fraud: An employee is tricked into sending money to a scammer

• System failure: Shutdowns due to system outages that may or may not be malicious in nature