As the frequency and severity of security breaches and ransomware attacks are hitting a fever pitch, so is the demand for cyber-specific insurance policies. Prices and insurer costs are skyrocketing, while coverage limits for some vulnerable sectors are decreasing, making it difficult for companies to accurately assess risk exposure.
Johnson, Kendall & Johnson (JKJ) is a premier retail brokerage for cyber risk and was awarded the 2022 Cyber Risk Retail Broking Team of the Year from Advisen. The JKJ cyber practice is focused on creating risk management programs that are tailored to an organization’s operations, budget and risk tolerance. JKJ is dedicated to sharing insight on claim trends and changes in insurance terms and educating clients on the importance of cyber incident response and incident prevention strategies.
JKJ’s commitment to offering the most comprehensive and pertinent cyber risk advisory and solutions is evidenced by our cyber practice leader who is one of less than 200 individuals worldwide to have obtained the prestigious Cyber COPE Insurance Certification (CCIC) designation from Carnegie Mellon – Heinz College of Information Systems and Public Policy.
Cybersecurity News & Resources
Cyber Insurance Readiness with JKJ
April 18, 2022
This webinar will educate you on what your company needs prior to applying for cyber insurance and how to manage some of the most commonly exploited cyber risks.
Top Cyber Insurance Gotchas & How To Ensure the Lowest Premiums
March 17, 2022
Featuring Alexandra Bretschneider, JKJ’s Cyber Practice Leader and Ben Prorock from IT Solutions.
The Insurer | ND panel: Cyber market in flux as softening results in less onerous demands on controls
Coalition, Inc. | Cyber Savvy Broker: Alexandra Bretschneider
Insurance Journal | 'It’s Not Been Fun’: Cyber Insurance Brokers Seek Consistency as Hard Market Settles
Law360 | Cloud Outage Insurance Could Bridge Cyber Gaps
“A year ago, we took Alexandra and JKJ up on their offer to review our cyber coverage and mitigation policies and procedures. Alexandra is also an IT expert who understands the cyber market like no other broker we have seen. Over the course of a year, she worked with our management and IT teams to close ports, go 100% multi-factor authentication, implement endpoint detection response software and air-gap our backups. She also worked with one of the insurance carriers to do some preliminary penetration testing on our environment. These were all done pre-emptively to make sure we were in a good position to apply for cyber insurance in the upcoming year. Due to her efforts, we were able to secure better coverage with only a slight increase in premiums in a tough market. But best of all, we feel our IT security is in a much better place which gives us better piece of mind.”