Cyber that focuses on your business operations, not the size of your funds
Beltex’s cyber underwriting processes focus on the cybersecurity and financial controls of your operating entities and portfolio companies instead of the size of your LP funds. This results in better coverage and lower rates, and an easier underwriting process.
The Beltex team also provides other professional liability coverage such as directors and officers (D&O) and VCAP.
Q & A
Q: I heard/you said that Beltex will be doing <revolutionary thing> but you’re not.
A: Due to the pace the insurance industry moves at, we cannot get everything approved and compliant at once. Beltex is launching each feature as it is ready, so we can provide our MSP partners and policy holders the best possible experience as soon as it becomes available.
Q: How do I get paid for selling Beltex (or any cyber insurance?)
A: You don’t without an insurance license (and if you take payment, you are putting yourself at risk!) Cyber insurance is another layer in the cyber security stack, and as an MSP it should drive more security. Fifthwall Solutions has designed the industry’s best partner program for MSPs and cyber insurance, including a full academy on how to leverage insurance for increased security and revenue.
Q: How does Beltex communicate with my MSP and customers?
A: During the application process, contact info will be provided for IT, including the customer’s MSP. Beltex will send updates out during the year to educate about renewal requirements. Renewal notices will be sent 60 days in advance to give sufficient time for any new requirements to be met. Any security scans will be sent to the IT contact only unless they impact application/renewal.
Q: How does Beltex scan my customers and what are the requirements?
A: Beltex is only port scanning for remote desktop protocol (RDP) being open directly to the internet (3389 or the equivalent port being open; RDGW is acceptable.) Scans are performed for vulnerabilities with an assigned CVE. Beltex does NOT use scare tactic scans such as identifying specific firewalls as a theoretical risk - scan information is only sent when it is directly applicable to that specific customer and actionable. Beltex scans and recommendations are very lightweight and provide general guidance, the SMB’s MSP is there to guide and protect them.
As of 2023 Q4, Beltex is currently running scans no more than quarterly, and mainly when quoting a policy (both new and renewal.)