Unlock Cyber Insurance Growth: Announcing Trava’s Exclusive Tools for Catalyit Subscribers

In today’s digital-first world, cyber insurance is a must for any business. We’re thrilled to announce an exclusive partnership with Trava Security, a leader in cyber risk management, to bring you state-of-the-art tools to bolster your cyber insurance offerings.

Trava’s Cyber Risk Checkup: Your Path to New Business

As a Catalyit subscriber, you gain exclusive access to Trava’s Cyber Risk Checkup at no cost. This tool enables you to:

• Assess and Demonstrate Need: Use Trava’s suite of vulnerability scans and reports to showcase the necessity of cyber insurance to your commercial clients.
• Prospect and Grow: Identify potential clients and effortlessly expand your cyber insurance portfolio.
• Exclusive Resources: Benefit from special access to Trava’s Underwriting and Risk Management Resources.
• Empower Your Agency: Conduct a Cyber Risk Checkup on your agency to better understand where you’re most vulnerable and explain your clients’ cyber liabilities.

Seize the Cyber Insurance Opportunity with Trava

Cyber insurance isn’t just a necessity – it’s a lucrative opportunity to grow your business. With Trava’s tools at your disposal, you can help protect your clients while expanding your business capabilities in a hard insurance market. Here’s a snapshot of the potential:

• Average Premiums: For a smaller company with $1M in annual revenue seeking a $1M limit with $10,000 retention, the average cyber insurance premium is around $2,000. Of course, premiums vary for each client and depend on industry segment, revenue, security controls, limit, retention and the carrier and can range from as low as $1,000 to over $10,000.
• Commission Potential: Average commission is a promising 15%, potentially going up to 18% depending on the carriers.
• Agency Revenue: Selling cyber insurance to just one client could mean around $300 in revenue for your agency (15% of a $2,000 premium).