Sophos and Capsule Unveil Innovative Cyber Insurance Solution for MSPs
In an innovative collaboration, Sophos, a leading global cybersecurity firm, has teamed up with the UK-based insurance broker Capsule to make cyber insurance more accessible for businesses utilizing Sophos solutions through managed service providers (MSPs). This partnership aims to streamline the process of obtaining cyber insurance, offering significant benefits tailored for small and medium-sized businesses (SMBs).
Key Features of the Cyber Insurance Program
The new cyber insurance program introduced by Sophos and Capsule comes with several advantages:
- Discounted Premiums: Businesses can enjoy lower insurance costs when utilizing Sophos solutions.
- Fast-Track Application Process: Simplified application procedures make it easier for SMBs to secure coverage.
- Comprehensive Coverage: The program includes pre-approved incident response services, ensuring businesses are prepared for potential cyber threats.
Addressing the Needs of Small and Medium-Sized Businesses
As cybersecurity threats continue to evolve, SMBs often face complex insurance requirements that can be daunting. This partnership is specifically designed to alleviate those challenges, enabling MSPs to better support their clients. Liam Green, co-founder and COO of Capsule, stated, “Cybersecurity and cyber insurance must work together to create measurable risk reduction for businesses.”
Enhancing Client Confidence and Support
By combining Sophos’ advanced threat intelligence with Capsule’s expertise in insurance broking, the partnership is focused on creating a practical solution for businesses. Green emphasizes that insurance should empower businesses rather than hinder them, stating, “We aim to make policies easier to access and more reflective of existing protections.”
Benefits for Managed Service Providers (MSPs)
Sophos is already recognized as a top choice for MSPs across the UK, providing a comprehensive portfolio of cybersecurity solutions. Chris Bell, Senior Vice President of Worldwide Channels and Alliances at Sophos, noted that this partnership will:
- Extend Benefits: Customers utilizing Sophos solutions via MSPs will gain enhanced insurance options.
- Reward Proactive Risk Reduction: Automatic discounts will be available for businesses implementing Sophos cyber controls.
- Streamline Support: MSPs will have easier access to support during cyber incidents, ensuring minimal disruption for customers.
This partnership not only strengthens the cybersecurity landscape but also provides much-needed support for SMBs navigating the complexities of cyber insurance. For more information about Sophos cybersecurity solutions or Capsule Insurance, visit their respective websites.
