Why Incident Response Retainer Makes You an Insurance Superstar

Published on: 4 June 2024
  • By ALCiT Team
Why Incident Response Retainer Makes You an Insurance Superstar

Running an organization in Canada comes with a lot of responsibility. Keeping your data secure is a big one, especially with cyberattacks on the rise.  But did you know having a solid incident response (IR) plan can actually make you more insurable?

That's right! Insurance companies are increasingly looking for organization's that take cybersecurity seriously. Here's why having an IR plan can be a game-changer:

Reduced Risk, Reduced Costs

Imagine a break-in at your store. The faster you contain the situation, the less damage there is. The same applies to cyberattacks. An effective IR helps you identify and stop a breach quickly, minimizing data loss and downtime. This translates to lower overall costs for your business, which insurers love.

Peace of Mind, Their Peace of Mind

Cyberattacks are stressful. With a dedicated IR team on your side, you have experts handling the technical aspects while you focus on keeping your business running. This translates to a calmer, more collected approach to the situation, something insurance companies value when assessing risk.

Expertise They Can Trust

Let's face it, cybersecurity can be complex. Insurers appreciate businesses that partner with cybersecurity experts who have the knowledge and experience to deal with sophisticated threats. Our team at ALCiT stays up-to-date on the latest cyber threats and has the tools to handle them efficiently. This gives insurers confidence that you're prepared for anything.

Faster Recovery, Lower Payouts

The longer a cyberattack goes undetected, the more damage it can inflict (some insurer will even decrease their payout if you do not start acting fast enough). A strong IR plan helps you get your systems back online quickly, minimizing business disruption. This means less money the insurer has to pay out in the event of a claim.

ALCiT is partnering with Arctic Wolf to offer you a comprehensive Incident Response Retainer tailored specifically for enterprises like yours. We'll work with you to develop a strategy that minimizes risk and keeps your business safe. Remember, insurance coverage is not just about financial protection; it's about empowering your enterprise to navigate the complexities of the digital age with confidence and resilience. 


Learn more about our Incident Response Retainer or chat with one of our cybersecurity experts (online calendar here) and see how an IR plan can make you an insurance superstar!


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