While a cyber incident can cripple an agency, a large number of insurance agencies continue to be uninsured or underinsured for cyber exposures. Are you offering Cybersurance to your clients?
Coverage
- Security Breach Liability Coverage
- Privacy Breach Liability Coverage
- Breach Notice Response Coverage
- Ransomware consulting expense sublimit of $5,000 included in case a hacker encrypts data and locks up the machine for ransom
- $50k now included for ransomware
Limits Available
- $50,000
- $100,000
- $250,000
- $500,000
- $1,000,000
- $2,000,000
Optional Add-On Coverage
Online Banking Theft – $25,000 & $50,000 limits available. This form covers:
- Online Banking Theft – Unauthorized access to or use of an accountholder’s commercial account that results in a loss of funds.
- Funds Transfer Fraud – A fraudulent instruction directing a financial institution to transfer, pay, or deliver funds from the insured’s bank account.
- Social Engineering Fraud – Intentional misleading or deception of the insured or their employee through pretexting, phishing, spear phishing, or any other confidence trick via email, text, instant message, telephone, or other electronic means.
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