(Image source: Cork website.)

Cork Protection, Inc. (Dover, Del.), a provider of smart warranty solutions for MSPs serving small businesses and the ISV solutions they manage, has announced a strategic partnership with DataStream, a digital cyber insurance company for the MSP channel. This collaboration aims to deliver end-to-end cyber warranty and cyber insurance protection to MSPs and the small businesses (SMBs) they serve, according to a statement from Cork.

“As we mark Cork’s one-year anniversary since exiting stealth mode, we are excited to announce our new partnership with DataStream,” comments Carlson Choi, CEO, Cork. “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.”

One-Stop Shop for Cyber Assurance
The combination of DataStream’s cyber insurance and Cork’s cyber warranty policies can reduce the total cost of ownership for MSPs and their clients regarding cyber financial protection, according to the Cork statement. Backed by a leading technology-enabled cyber reinsurer, DataStream provides extensive coverage and risk analysis tools for first-party and third-party losses, including breaches, ransomware, cybercrime, and cyber-terrorism.

Cork says that, leveraging the SMB’s existing security stack investment, the company underwrites eligible cyber warranty customers in minutes and is now extending these capabilities to include cyber insurance policy underwriting, including estimates and quoting. Cork says that with its real-time monitoring and active loss prevention platform, MSPs and their clients can prevent attacks from happening. If an attack does occur, SMBs will get instant funding relief and fast claim payouts in days rather than months, the Cork statement says.

“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 Paul Guthrie, Managing Director, DataStream. “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.” 

Corvus Insurance Doubles Underwriting Offering, Expands Small Business Cyber Offering