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HARTFORD, Conn. - The Hartford has announced the nationwide availability of its CyberChoice First Response cyber insurance product for small businesses through its ICON quoting and binding system. The coverage is now accessible in 47 states, excluding Alaska, Louisiana and Vermont. The company, with a market capitalization of $36.82 billion and a strong financial health rating of "GREAT" according to InvestingPro, continues to expand its product offerings.
The cyber insurance offering has been integrated alongside The Hartford’s Spectrum Business Owners Policy (BOP), which provides property, general liability, and business income insurance. According to the company, agents and brokers can now quote and bind tailored cyber coverage through a streamlined digital process. With a healthy current ratio of 1.75, The Hartford demonstrates strong financial stability to support its expanding insurance products.
The cyber insurance product includes coverage for business income loss due to ransomware attacks, data breach expenses, network restoration costs, and regulatory inquiry defense. It also features a 24/7 U.S.-based cyber incident hotline and options for system failure and administrative error protection.
"Now more than ever, all small businesses can be vulnerable to cyber threats," said Chris Jones, head of Small Business at The Hartford, in a press release statement.
Small business customers can obtain cyber coverage through insurance agents and brokers using the ICON system, or directly through The Hartford’s website. The company serves over one million small business customers and has maintained a dedicated Small Business insurance unit for more than 40 years.
The Hartford’s ICON platform has been recognized by benchmarking firm Keynova Group as the top Digital Small Business Insurer for six consecutive years.
The Hartford Insurance Group, Inc. (NYSE:HIG) is headquartered in Connecticut and has been in operation for more than 200 years, offering property and casualty insurance, employee benefits, and mutual funds. The company has maintained dividend payments for 30 consecutive years and raised them for the past 12 years, showcasing its financial strength. InvestingPro analysis reveals 8 additional key insights about The Hartford’s performance and outlook, available to subscribers along with comprehensive financial metrics and expert analysis.
In other recent news, Hartford Financial Services Group reported impressive second-quarter 2025 results, surpassing earnings per share (EPS) expectations. The company achieved an EPS of $3.41, notably exceeding the projected $2.84 by 20.07%. Although revenue slightly missed forecasts, coming in at $6.99 billion compared to the anticipated $7.04 billion, the overall financial performance was strong. In response to these results, Keefe, Bruyette & Woods adjusted their price target for Hartford Financial Services from $135 to $137, maintaining an Outperform rating. This adjustment was influenced by the company’s stronger-than-expected performance in the recent earnings report. The market responded positively to these developments, reflecting investor confidence in Hartford’s strategic direction. These recent updates underscore the company’s solid financial standing and potential for future growth.
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