Beecher Carlson’s cyber practice provides leading-edge advice and resources to address our clients’ complex cyber-risk issues. Comprised of 16 industry experts skilled in managing the intricate risks that cyber liabilities pose, Beecher Carlson’s cyber practice helps clients defend their data and company reputations by evolving our technology and resources alongside complex and dynamic cyber risks.
The ability to assess cyber risk with superior analytics is one of the cyber group’s distinguishing characteristics. The practice has developed a suite of proprietary cyber products and tools to assist in quantifying and analyzing potential exposures to cyber risks for the benefit of our clients. Among these is Beecher Carlson’s proprietary In-Site series, which generates evidence-based information that assists in the evaluation of our clients’ cyber risks. Included in the In-Site series are the following models: Cyber In-Site PML (Privacy Probably Maximum Loss Model), Cyber In-Site BI (Business Interruption Model), and Cyber In-Site F&S (Frequency and Severity Model).
Beecher Carlson also utilizes its CyberSelect 360˚ tool to cover a full spectrum of potential cyber-related losses on an Excess, Difference in Conditions, and Difference in Limits basis. The program sits on top of other designated insurance policies and fills in the gaps between those policies. Broad cyber coverage, which includes traditional and non-traditional risks, can be coordinated with property and casualty programs. Using this tool, we are able to protect our clients from gaps in coverage. Additionally, Beecher Carlson leverages it presence in the marketplace to aggressively negotiate the best possible programs for our clients. We achieve this by partnering with our clients and advocating for them. Representative of our success, we were able negotiated a multi-hundreds of million dollar limit placement that included contract manufacturing coverage.
Developing new and better technologies and utilizing our risk management expertise, Beecher Carlson’s cyber practice helps our clients manage their business risks and protect and enhance their capital.
