Tom Ridge's firm launches three cyber productsPosted On: Jan. 20, 2016 12:00 AM CST
Ridge Global L.L.C. on Wednesday said it has launched three new cyber insurance products to complement the firm’s cyber resiliency services.
The Enterprise Plus is typically for larger organizations with revenues greater than $2.5 billion. It is a more expansive product that provides technical reviews. Enterprise provides feedback for insurance applicants on cyber resiliency. This is for organizations with $50 million and $2.5 billion in revenue. Professional is a cyber product for smaller organizations with revenues less than $50 million.
Limits are available up to $50 million. The products are based around an organization’s size and cyber priorities, according to the statement.
“The C-Suite understands how to protect against physical damage to its assets, but still struggles with virtual damage, much to their peril,” Tom Ridge, Chairman of Ridge Global and the first U.S. Secretary of Homeland Security said in a statement. “That is why we have created customized insurance solutions that combine with our segment-specific risk management and best-in-class pre-breach services.