Cork Protection, which provides smart warranty solutions for MSPs serving small businesses and the ISV solutions they manage, established a strategic partnership with digital cyber insurance company DataStream. This collaboration is designed to deliver end-to-end cyber warranty and cyber insurance protection to MSPs and the SMBs that they serve.
“As we mark Cork’s one-year anniversary since exiting stealth mode, we are excited to announce our new partnership with DataStream,” said Cork CEO, Carlson Choi. “This alliance demonstrates our commitment to helping MSPs strengthen both their cybersecurity and that of their clients against the evolving cyber threat landscape by simplifying the deployment of risk mitigation and financial protection. We are thrilled to enable our partners to utilize Cork’s cyber intelligence and active loss prevention platform for underwriting, granting immediate access to Cork’s cyber warranty and providing a DataStream cyber insurance estimate within minutes.”
The combination of DataStream’s cyber insurance and Cork’s cyber warranty policies are designed reduce TCO for MSPs and their clients, regarding cyber financial protection. Backed by a technology-enabled cyber reinsurer, DataStream will extend coverage and risk-analysis tools for first-party and third-party losses, including breaches, ransomware, cybercrime and cyber-terrorism.
Cork – leveraging the SMB’s existing security stack investment – underwrites eligible cyber warranty customers in minutes, and is now extending these capabilities to include cyber insurance policy underwriting, including estimates and quoting. With Cork’s real-time monitoring and active loss prevention platform, MSPs and their customers can prevent attacks from happening. If an attack does occur, SMBs gain instant funding relief and fast claim payouts in days rather than months.
“It’s difficult for an SMB to become a cybersecurity expert while also managing their business, but with the right partners, they can easily avoid becoming a target for cybercriminals,” said DataStream managing director, Paul Guthrie. “We are pleased to be teaming with Cork to offer MSPs a one-stop shop for cyber assurance. By purchasing both a cyber warranty policy and a cyber insurance policy at the same time, MSPs can create a security blanket around their IT infrastructure and ensure they have the financial coverage and mitigations services they need in the event of an attack.”
MSPs interested in learning more about Cork can visit corkinc.com. For more information on DataStream’s cyber insurance solutions, visit: https://datastreaminsurance.com/why-datastream/.
