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Introducing Bind by Layr for Stripe


Enabling Stripe customers to purchase instant cyber liability and data breach insurance with up to $1,000,000 in coverage for as little as $40 per month without applications or underwriting.

I’m happy to share that development of Bind by Layr is moving steadily along. The Layr community has been instrumental in helping us test and refine our recently released Xero integration. And today, I’m thrilled to share that our next integration is live.

I’d like to introduce Bind by Layr for Stripe. As a Stripe Verified Partner, we’re enabling companies who process payments with Stripe to instantly purchase cyber liability and data breach insurance with up to $1,000,000 in protection starting at $40 per month. And when I say instantly, I mean instantly. No underwriting; no back and forth with an agent; simply connect your stripe account, select your coverage limits, and hit “Complete Purchase” to activate the policy.

 

Bind by Layr for Stripe

Robust Coverage

Most companies that use Stripe’s payment technology are digital businesses which means they are highly exposed to data breaches and system disruption. This robust and easy-to-secure insurance policy addresses the vast majority of threats a Stripe customer will face. Specifically, the policy provided through Bind by Layr for Stripe is admitted in all fifty states from an A+ rated carrier, provides coverage for data breaches, and also includes a host of first-party coverages including:

  • Crisis Management
  • Fraud Respons
  • Public Relation
  • Forensic & Legal Expense
  • Extortion
  • PCI-DSS Fines
  • Ransomware Losses
  • Social Engineering Fraud
  • Telecommunication Theft
  • Electronic System Disruption
  • Data Recovery

 


Just the Beginning

While only cyber liability and data breach insurance is currently available through our Stripe integration, development is ongoing and we’ll be slowly rolling out additional lines of coverage that will be available to purchase with only a few simple clicks.

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