Beltex is a new, customized cyber insurance program for the MSP channel developed by FifthWall Solutions. The program was created for small to midsize businesses (SMBs) and can only be purchased through MSPs. Recognizing the high level of security MSPs provide their SMB customers, Beltex allows for a quick application process and competitive rates.
Additionally, for MSP partners of SaaS Alerts, you can apply to the Beltex IR program. This allows you to perform a limited incident response scope if your customer has a claim, and be eligible to be reimbursed for work during the claim.
When an SMB is interested, the program is very simple for both the MSP and their end customer. Beltex provides a customized link that MSPs send to their customers. Through the link, the customer verifies eligibility and, in most cases, gets a direct quote within minutes. In just a few more easy steps, coverage can be bound immediately.
In rare cases, such as when a customer’s revenue is above $100 million or the customer is in an industry class that requires a more customized insurance package, the submission will be sent directly to FifthWall Solutions, where the customer will get access to over 50 carriers and be provided with the best options.
There is no management or oversight needed by the MSP. Beltex manages everything from start to finish.
SaaS Alerts’ partners can register as an approved IR MSP here. The registration process is quick and easy. Expect 90 days for processing and approval. Once approved as an IR MSP, your customers can immediately apply and buy a $1 million policy.
Beltex is currently available in 48 U.S. states, with the remaining 2 coming on shortly.
SMBs with a specific security stack can purchase Beltex cyber insurance through their MSP partner.
Cyber insurance provides a critical safety net for small businesses, helping them manage the financial risks associated with cyber threats. Cyber insurance can often cover the costs associated with a cyber-attack or data breach, including legal fees, notification costs, credit monitoring services for affected individuals, ransomware payments, and more.
