Hiscox USA
Founded Year
1901Mosaic Score The Mosaic Score is an algorithm that measures the overall financial health and market potential of private companies.
+10 points in the past 30 days
About Hiscox USA
Hiscox USA specializes in small business insurance across various industries, offering a range of specialty risk solutions. The company provides essential coverage such as general liability, professional liability, and business owner policies, as well as cyber security and workers' compensation insurance. Hiscox USA caters to a diverse clientele, including professions in architecture, engineering, health and wellness, consulting, and artisan subcontracting. It was founded in 1901 and is based in Atlanta, Georgia.
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Research containing Hiscox USA
Get data-driven expert analysis from the CB Insights Intelligence Unit.
CB Insights Intelligence Analysts have mentioned Hiscox USA in 2 CB Insights research briefs, most recently on Aug 28, 2024.
Aug 28, 2024 report
Insurtech 50: The most promising insurtech startups of 2024
Latest Hiscox USA News
Oct 25, 2024
Report finds rising attacks lead to customer loss and negative publicity Share According to the latest Hiscox Cyber Readiness Report, two-thirds of organizations globally (67%) and in the UK (70%) have experienced an increase in cyber incidents over the past 12 months compared to the previous year. The report highlighted that the rise in cyberattacks is putting business reputations and brand trust at greater risk. Nearly half of the businesses impacted by these attacks report difficulties in attracting new customers, with 47% globally and 46% in the UK noting this challenge, a significant increase from 20% the previous year. Other effects included a loss of existing customers (43% in 2024, up from 21% in 2023), negative publicity (38% in 2024, compared to 25% the previous year), and loss of business partners (21%, up from 16% in 2023). Concerns over reputational damage have also played a key role in businesses’ decisions to make ransomware payments. Over the past year, the top reasons for paying ransom were to protect customer data, safeguard reputations, and recover data in the absence of backups. However, paying ransom did not always lead to data recovery, with only 18% of businesses managing to fully recover their information. Eddie Lamb (pictured above), chief information and security officer at Hiscox, stressed the importance of reputation management, noting that businesses invest years and substantial resources into building their reputation, which can be quickly undermined by a cyberattack. “It is vital that businesses continue to foster an environment where cyber education is a continuous process, ensuring every member of the organization understands the critical role they play in maintaining cybersecurity,” he said.
Hiscox USA Frequently Asked Questions (FAQ)
When was Hiscox USA founded?
Hiscox USA was founded in 1901.
Where is Hiscox USA's headquarters?
Hiscox USA's headquarters is located at 5 Concourse Parkway, Atlanta.
Who are Hiscox USA's competitors?
Competitors of Hiscox USA include Chartis, Cowbell Cyber, Convex, Thimble, Superscript and 7 more.
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Compare Hiscox USA to Competitors
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