British insurance major Aon has introduced a digital insurance solution for small and middle-market businesses.
Designed for any business generating up to $100m in annual revenue across sectors such as retail, technology, professional services, and manufacturing among others, this new offering is designed to ease the full process of purchasing and managing cyber and professional liability insurance online.
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It is said to build on Aon’s other insurance products for middle-market businesses and offers access to a platform that will help business manage all their insurance coverages under this offering.
As part of the solution, the businesses are also offered access to an insurance specialist to guide them through the application process and coverage details.
Aon Cyber Solutions North America CEO Christian Hoffman said: “As the world becomes increasingly interconnected online, cyber risks pose a growing threat to small and middle-market businesses, which may have limited technology and security resources.
“With our online platform, we are making cyber insurance coverage incredibly accessible. We can also help businesses of various sizes protect themselves against risks including data breach, ransomware, contractual liability, media liability, business interruption, social engineering, and more.”
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By GlobalDataAon said it is further expanding the solutions and services it offers to 30 million small and medium-sized US businesses through CoverWallet.
CoverWallet, which is a digital insurance platform for small and medium-sized businesses, was acquired by Aon in January this year.
Last month, Aon tied-up with Hudson Structured Capital Management to roll out a new product to protect re/insurers against systemic and catastrophic cyber events.
