Eleven Risk Solutions (ERS) provides affordable, comprehensive cyber insurance. Through a unique approach to addressing the specific needs of vendors for large companies, we can vet your risk, provide cyber insurance, and help you become or remain a trusted partner to your clients.
Instead of filling out a complex, exhaustive questionnaire to determine your security and risk profile for your big-name clients, ERS will programmatically scan your endpoints and network for security capabilities and deficiencies. After the scan, you will be provided with a score between 1 and 1000.
To be eligible for the umbrella policy, you must score at least 600. Should the scans provide a score of less than 600, we will provide you with areas you can improve in order to bring your score up to 600 or higher.
As part of this process, you will be eligible to satisfy a vendee’s requirement of carrying a $10 million cyber insurance liability by participating with at least 19 other vendors to create an umbrella policy. This affordable approach allows you to pay about a quarter of what you would have to pay for a stand-alone $10M policy.
As well, you will receive an underlying cyber liability policy that covers you for any breach – whether or not it impacts the vendee on your umbrella policy – up to $1 million per incident, $2 million aggregate.