Englewood Cliffs, New JerseyAnd Jan 19 2022 /PRNewswire/ – iBynd and Cowbell® Cyber, Inc. has teamed up. (Cowbell) to expand the distribution of electronic insurance coverage to small and medium-sized businesses (SMBs). iBynd’s built-in proprietary technology makes it simple and fast for Cowbell broker customers, technology partners and managed security providers to digitally evaluate, view and link Cowbell insurance offerings in real time. In addition, iBynd will begin offering Cowbel’s “A” rated online insurance to small and medium businesses through iBynd’s distribution network, augmenting the company’s existing electronic insurance offering.
“Cyber-attacks are causing significant financial damage to small and medium-sized businesses,” he said. Phil Friedman, CEO of iBynd and Finalist for the Top 100 Insurance Companies 2022. “To successfully recover from cybercriminal breaches, small and medium businesses need the protection that standalone cyber insurance can provide. We are pleased to deploy our technology to expand Cowbell distribution. In addition to the addition of Cowbell to our portfolio Our “A” rated insurers enhance our ability to serve the SME markets by providing higher e-insurance limits and additional customized options.”
The iBynd platform allows customers to evaluate, quote and link a policy in less than 5 minutes, while other solutions can take days or weeks. The iBynd solution is embedded on partner websites using the partner’s branding, including logo, colors, and font. The integration requires just one or two lines of code to embed the entire solution, giving small business customers the ability to purchase an insurance policy online without leaving the partner site.
“Cowbell and iBynd are well aligned with fast, accurate pricing and e-insurance protection for small and medium-sized businesses,” he said. Erin DyerCowbell, Director of Alternative Distribution. “Automated underwriting, easy-to-use interfaces, and real-time APIs are part of my corporate culture. By leveraging our strengths, we are making it easier and faster than ever for small and medium businesses to protect themselves from the growing and financially devastating attacks of cybercriminals.”
iBynd expands product offerings for its customers by adding standalone electronic insurance coverage with higher limits from Cowbell. Standard policies such as general liability and technology errors and omissions often exclude cyber breaches or provide inadequate coverage. With higher limits, internet focused coverage, and claims teams specialized in cyber losses, the independent electronic insurance policies offered through iBynd provide the protection small and medium businesses need to respond and recover from a cyber breach.
Founded in 2019, iBynd is a digital insurance company. With a strong technical backbone, marketing expertise and proprietary distribution solutions, the company provides electronic liability insurance products for small business, as well as personalized online insurance policies. iBynd makes it quick and easy to rate, quote, and link online in real time, providing ‘A’ rated insurance and peace of mind for clients and customers. The company was created by passionate insurance professionals, engineers, and marketing executives with one goal: to combine insurance and technology in order to deliver a dynamic product that truly protects its customers in the event of a data breach or cyber attack. To find out more, visit: www.ibynd.com.
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