April 3, 2023

Company FAQs | Cyber Insurance Nerds™

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Company FAQs | Cyber Insurance Nerds™

How Is Cyber Insurance Nerds™ Different From Other Online Insurance Agencies & Websites?

You might not know this, but a large majority of insurance sites are actually lead generators—which means they capture your information, "like a request for a quote," and sell that to multiple insurance agents.

Once these agents get your information, I am sure you can imagine how hard they might try to sell you. Well, we don’t do that; if you want to apply for insurance simply and fast, you can get an instant quote and get covered at your own pace.

And here's the thing: 

If you need any help, we will work with you personally to make sure you are satisfied 

Second, most insurance sites don’t provide a great user experience. They don’t make it easy to simply get a quote and buy your coverage without all of the complicated and long forms, multiple conversations with agents that can confuse you even more, and those 75-day waiting periods for approval. Unlike other sites, we plan to get you exactly what you are looking for so that you can have peace of mind that your family is covered and get back to your daily activities.  It is incredibly easy to get coverage from us and you won't understand why other people find purchasing cyber insurance to be such a task.

How Do We Make Money?

We’re an insurance agency, so we get paid either by commission or advertising fees by insurance companies for each application submission or sale.  Insurance commissions and any advertising fees are already baked into the price of an insurance policy, so you’re not paying any extra for using our service (or any agent, agency, or broker’s service). This is another benefit of working with our agency, we only work with carriers that have products that are simplified issues, which means that we won't try to persuade you into a specific option, we want you to have the simplest and fastest cyber insurance buying experience. Keep in mind that If you ever feel the need to know what commission we'd earn on any of our insurance products, just ask us. We'll be glad to tell you.

Are We Licensed?

Yes—all insurance agents, agencies, and brokers are required by law to be licensed in each state they do business. 

Are We Affiliated With Any Insurance Companies?

No—we’re an independent agency.

That means we can offer insurance products from several different companies.

There are also what’s called “captive” agents, who only offer products from their specific insurance company (like New York Life, Northwestern Mutual, or State Farm

Can We Get You A Cheaper Price For Insurance?

No—and neither can anyone else. Insurance rate tables and premiums are filed with and regulated by your state's Department of Insurance. That means you pay the same price for a given insurance company’s product, wherever you buy it from.  

How Do We Choose Which Insurance Companies To Work With?

First, we only consider insurance companies that are reputable and have sound financial ratings. After that, we select based on the ease of doing business with them. That means we work with companies that:

  • Will work through an independent broker
  • Are comfortable with our online-based model of engaging with customers
  • Make it easy for us to provide a great shopping experience to our customers (e.g., by providing access to real-time quoting, accepting electronic applications, etc.)

Who Can I Speak To If I Have Questions?

A licensed Cyber Insurance agent is available to help with your questions. Email us at [email protected]