Cyber Liability
Cyber insurance covers your business’ liability for a data breach that includes sensitive customer information. This could include things like social security numbers, credit card numbers, account numbers driver’s license numbers and even medical records
Most E&O policies do not cover data breaches, and most cyber endorsements do not adequately address the exposures of an insurance agent. To avoid damage to your agency’s finances and reputation, a solid privacy and data breach policy is increasingly critical. Cyber crime is a real threat and their customers. Data breach is not just about cyber security – hackers, portable devices, and stolen laptops. It includes indiscretions and negligent disclosures that can occur within your agency and lead to a breach.
BEAZLEY BREACH RESPONSE POLICY FOR CYBER LIABILITY
A full 80 percent of businesses that experience a data breach do not recover.
Cyber attacks have increased significantly since 2009. Data breaches are extremely common among smaller businesses. Data held by small business is considered low hanging fruit for hackers because they know small businesses lack security resources.
As part of our continuing effort to serve our members, we offer a slot-rated Data Breach Program for MEMBERS ONLY for stand-alone coverage through Beazley.
PROGRAM BENEFITS AVAILABLE TO MEMBERS ONLY
- No Encryption Requirement
- HIPAA Compliance Tools
- Step-by-Step Procedures for Compliance
- Newsletters
- Data Breach Coach to Help with Notification
- Forensic Investigators
- Privacy Counsel
- Call Center
- Credit Restoration Services
- Online Compliance Materials
- Staff Training Programs
- Expert Support Online
- Regulatory Fines & Penalties
- Public Relations Firm
- Notification Costs Outside Limit of Liability
- Credit Monitoring
- Security & Privacy Liability
QUESTIONS, CONTACT US.
BRENDA KLUGER, CRM, CIC, CISR, CLP, CIIP
Membership Services Coordinator, brenda@iiaIowa.org, 515-402-4036
MEGAN KINCY, AIS, AINS
Membership Services Coordinator, megan@iiaIowa.org, 515-402-4037
COALITION CYBER LIABILITY POLICY
LINKS & DOWNLOADS
- Benefits of the Beazley Cyber Policy
- BBR 5.0 At a Glance
- BBR 5.0 Enhancements and Clarifications
- Full Spectrum Cyber Factsheet
- BBR 5.0 Redline Annotated Policy
- Arlington Roe Big I Cyber, December 2024
- Beazley Cyber Insurance Application
- Ransomware: Best Practices for Prevention and Response
- Timeline of Beazley Breach Response
- Beazley Postbreach Fact Sheet
- Beazley 2020 Breach Briefing