Specialist insurer CFC has launched a new tool designed to help brokers talk to small and medium-sized businesses about cyber risks. The Cyber Threat Review reports focus on the real dangers a specific business might face, rather than offering generic or overwhelming information.
These bite-sized reports give brokers an easy way to compare the costs of cybersecurity services that come free with a CFC insurance policy against the client’s insurance premium. This clear comparison helps show the value of the coverage in a straightforward way.
Lindsey Maher, CFC’s Head of Global Cyber Development, explained that many current reports on cyber risks are too broad and leave businesses confused and hesitant about buying cyber insurance. The new Cyber Threat Reviews focus only on the most relevant risks to each business, making conversations simpler and more meaningful.
The report breaks down threats and vulnerabilities that could lead to real losses, shows the possible costs of a ransomware attack in detail, and explains cyber risks in plain language. This helps brokers give clients a clear picture of what they face and how insurance can protect them.
CFC hopes that by removing confusing jargon and fear, more SMEs will understand why having cyber insurance matters and will take steps to protect their business. The company also expects brokers to find new opportunities to grow their cyber insurance business worldwide.
At the same time, CFC has improved its Response App, giving policyholders faster, easier access to cyber threat alerts, free tools, expert help, and immediate contact with CFC’s cybersecurity team if an attack happens.
With these updates, CFC is making it easier for small businesses to see the real benefits of cyber insurance and for brokers to open conversations that lead to better protection.