To keep it simple, cyber insurance is like your car insurance. You pay a premium each month to protect you and your vehicle in the unlikely event of an accident. A cyber warranty is akin to your AAA membership or your protection plan at the dealership. It’s complementary to your car insurance but the coverage extends to the everyday headaches, protecting you against a flat tire, a dead battery, etc.

Cyber insurance generally covers liability for data breach involving sensitive customer information. It can help with costs like legal fees, data recovery, business interruption, customer notification, identity restoration and crisis communication. Insurance can be expensive and typically has a long manual and complex application and approval process. It can have higher policy limits with high deductibles.

Cyber warranty bridges a key gap in the financial protection stack with advanced technology to mitigate cyber threats. It typically includes help with recovery costs, incident response or business interruption loss from certain cyber attacks. The Cork warranty is specifically designed to help with common cyber attacks (ransomware, phishing, business email compromise (BEC)) that target small and medium businesses, whereas cyber insurance is comprehensive protection that generally covers any and all cyber risks. As a result, the Cork cyber warranty does not require a deductible, making it more affordable for small and medium businesses.

A cyber warranty is complementary to your cyber insurance policy. Just as your AAA membership provides additive benefits to your car insurance premium, Cork is designed to do the same. By adding Cork cyber warranty protection, we provide you with fast payment/reimbursement for data recovery services, business interruption loss, incident response services, and more.

The default limit for the cyber warranty is $100,000 which will be included with Guardian.  If you would like we can increase the cyber warranty limit to $500,000 and provide additional benefits around ransom payments, business interruption, incident response, and data recovery services.  This upgrade would come at an additional cost but could provide vital working capital in the event of a cyber incident. Keep in mind, while this is NOT a replacement for a dedicated cyber insurance policy, this added protection may be enough to bridge the gap for some smaller claims.

The base Guardian cyber warranty covers up to $100,000 and upgrading to the $500,000 warranty tier may be a good option to consider when renewing your cyber insurance policy.  

Take advantage of Greenlight’s expertise when renewing your cyber insurance policy as we can help you pick the right policy with appropriate limits and sub-limits.  By being a Guardian-protected business, you will also qualify for discounts on certain cyber insurance policies with carriers we have partnered with. 

Additionally, if you haven’t already, please share your cyber insurance policy with us so we have it documented and can be proactive in helping you save money at renewal time!

The security tools we currently have in place are designed to provide robust protection and help prevent permanent data loss. A cyber warranty is an extra layer of protection, designed to safeguard your business against financial loss due to common cyber attacks like ransomware, phishing, and business email compromise (BEC).

Greenlight works directly with Cork to integrate our existing security tools into their platform. Once integrated, Cork’s risk monitoring platform helps identify and detect potential security gaps that could be exploited by an attacker and engages Greenlight to remediate them quickly. In the event a cyber attack occurs, Cork uses real-time critical insights from your security stack to validate that the right protections were in place and streamline the path to settlement in just days.

Cork’s unique approach minimizes your risk of cyber attacks, but in the event Ransomware, Business Email Compromise and Spear Phishing incidents do occur, Cork will cover costs such as business interruption loss, incident response service and more.

Once the warranty has been activated, you will receive an email from us which will contain the warranty contract from Cork. You will need to accept the warranty agreement to activate and allow Cork’s risk monitoring platform to begin monitoring your security posture.

The warranty agreement is for a one-year term, beginning from the date of activation. The warranty is not active until you sign and accept the warranty agreement.

Cork provides the warranty to allow flexibility for designing a holistic product made for small businesses. 

If you experience a cyber attack that has resulted in a financial loss, we will file the claim on your behalf. Upon approval, Cork will distribute funds directly into an account that you control to cover eligible expenses. 

*$5,000 minimum claim value applies
* Additional Terms and Conditions Apply.