Slice Labs, an on-demand insurance platform, has announced that its cloud-based cyber insurance for small to midsize businesses (SMB) will now be offered through the Security Advisor suite of the Lenovo Vantage platform.

The cyber insurance is provided by one of the affiliated insurance companies of AXA XL.

Customers of Lenovo SMB will have access to information on the cyber insurance, which provides cover to a wide range of cyber attacks including ransomware.

By tapping AI and analytics,  Slice and AXA XL inform customers of any potential attacks through cyber risk management education.

AXA XL’s cyber insurance team chief underwriting officer John Coletti said: “Establishing a relationship with a global technology leader illustrates that SMBs can access on-demand cyber insurance in an even more practicable manner.

“Small businesses owe it to themselves, customers, and partners to spend a few minutes to get an on-demand cyber insurance policy in place. The consequences of not doing so are way more detrimental than losing a short period of the day to purchase this product compared to the potential of having to close business after an attack.”

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With this opt-in, on-demand solution provided by Slice and AXA XL, Lenovo can provide its SMB customers with a more accessible insurance option to safeguard themselves against a quickly changing threat landscape.

Slice Labs co-founder and CEO Tim Attia said: “With cybercrime on the rise in the current environment, the enormity of protecting businesses requires a multi-pronged approach to cyber risk management comprising education, technology, and insurance.

“Lenovo’s robust SMB ecosystem will now benefit from a seamless addition to strengthening cyber health. We applaud their continued efforts to increase the awareness of cyber insurance to SMBs which are traditionally unaware of a potential life-saver.”