News
BDI Global and Havoc Shield, supported by Beazley, launch an SMB cyber risk assessment and remediation platform
October 2023 by Marc Jacob
BDI Global in partnership with Havoc Shield, a comprehensive cybersecurity program-as-a-service built for SMBs, announced the launch of Shield Up, a cyber risk assessment and remediation platform designed to make cyber liability insurance more accessible to small businesses. The program is supported by a Beazley facility and has already accelerated SMB application bind time by an average of 40%.
With the increase in volume and sophistication of cyberattacks over the last few years, companies under $100 million in revenue have found it especially difficult to meet carriers’ rising standards. Shield Up’s online portal offers a path for these businesses to quickly understand what IT security controls prevent them from obtaining full and affordable coverage. It allows them to immediately adopt underwriting-vetted solutions provided by Havoc Shield to close those gaps and bind a policy. Shield Up also transforms the underwriting process through automated scanning technology and an automated control verification process, culminating in a streamlined buying experience for insureds and their brokers.
