Hiscox Launches Protection for Security Risks to Small, Medium-Sized Businesses

Hiscox has launched a new proactive program addressing a variety of increasing security risks faced by small and medium sized organizations and their employees. Hiscox Special Protection Solutions insurance coverage allows these organizations to address growing domestic exposures, backed by advice and counsel from their exclusive incident response partner, Control Risks.

Threats by disgruntled employees or customers against individual employees and businesses have become all too common. The Future Risk Survey indicates that 38 percent of corporate resilience directors believe their organizations will take on more risk in the coming year. However, most small to medium sized organizations don’t have risk managers or security personnel to quickly and professionally respond to threatening situations. Hiscox policies offer threat assessment and protection with limits ranging from $500,000 to $65 million. Premiums start at $900 annually.

In the US, Hiscox offers Special Protection Solutions as part of its broader executive risk insurance portfolio and has offices in New York, Atlanta, Chicago, Los Angeles, San Francisco, and White Plains, N.Y.