Cyber Liability & Data Breach Insurance

Did you know a lost or stolen laptop could cost you nearly $50,000?

The financial implications for a small business or independent contractor affected by a data breach can be devastating. In fact, studies show that 60 percent of small businesses go out of business within six months of experiencing a data breach.* The best way to prevent becoming a part of this sobering statistic is to protect your business by having insurance coverage in place.

This Cyber Liability and Data Breach Insurance program provides small businesses and independent contractors with coverage to help protect against the financial burden created by a data breach.

Pricing as low as $199 annually. Quoting this valuable coverage takes just minutes.

*Source: U.S. National Cyber Security Alliance

  • Accepted Payment Methods: MasterCard, Discover, American Express and Visa

    Pricing Information

    Insured Revenue
    $250K Limit
    $500K Limit
    $1M Limit
    $2M Limit
    $0 - $1M
    $199
    $299
    $400
    N/A
    $1M - $2.5M
    $310
    $399
    $599
    $799
    $2.5M - $5M
    $410
    $550
    $750
    $999

  • This Cyber Liability Insurance is specifically for:

    • Life and Health Agents
    • Registered Reps
    • Investment Advisors and Financial Planners
    • Property and Casualty Agents
    • Real Estate Agents
    • Agencies

    Reasons to consider a Cyber Liability & Data Breach policy:

    1. Responding to a breach is not only costly — it's complex. Experts from multiple disciplines—from forensic investigators, to public relations firms, to privacy counsel — may be needed to mount a coordinated response to even a small incident.
    2. A single laptop left on a commuter train or stolen at an airport can cost an agent nearly $50,000 — most of that being expenses to respond to data breached—or potentially breached.
    3. State and federal regulations dictate proper handling of private information. If this information is breached, agents must navigate the different laws in 46 states that mandate how victims must be notified.
    4. Even if you outsource data handling, your exposure stays in-house. Some 70 percent of small businesses report that breaches are more likely to occur when outsourcing data.
    5. The exposure is not just from hackers intruding on electronic systems. Breaches are caused by everything from lost, discarded, or stolen laptops, PDAs, smart phones, and portable memory devices, to innocent procedural errors and acts of disgruntled employees.
  • The Cyber and Data Breach Insurance plan provides insurance protection for both First and Third Party Expenses.

    First Party Expenses

    • Breach Response costs (including employees)
      • Credit Notification costs
      • Monitoring services for up to a year (or as required by law)
      • Forensic Analysis: computer forensic expert
      • PR consultant
    • Cyber Extortion
    • Business interruption costs
      • Loss of income
      • Restoration costs

    Third Party Expenses

    • Claims – i.e. damages and claim expenses – for:
      • Violations of privacy law or regulation
      • Multimedia liability (e.g. claims based on defamation, libel, copyright infringement)
    • Regulatory fines and penalties
    • Compensatory payments – as required by regulatory action – to affected individuals
    • PCI Assessments
  • Program Highlights

    • Easy Online Quote and Purchase Process
    • A Rated Admitted Insurance Carrier
    • Access to 24/7/365 Breach Response Line
    • Broad Coverage Options for:
      • Cyber Hacking
      • Data Breaches / Lost Information
      • Disclosure of Private / Confidential information
      • Defense / Legal Costs
      • Regulatory Claims and Penalties
      • Multimedia Liability
      • Cyber Crime and Extortion
  • Program Eligibility

    • Antivirus and firewalls that protect the insured's computer system(s) are required to bind coverage.
    • For agents domiciled in VT or a U.S. Territory, click here for a custom quote. Program is not available for agents domiciled in VT or U.S. Territories.
      • Please Note: For agents licensed under a non-resident license in VT or U.S. Territories, they are still eligible for the program.

    Policy Exclusions

    Underwriter

    • Your coverage is secured by BCS Insurance Company.
      www.bcsins.com
      BCS Insurance Company is A.M. Best A- (Excellent) IX rated carrier.
    • Powered by LLOYD'S

    Disclosures

    • A.M. Best rating chart and other disclosures.
    • This policy includes full prior acts coverage back to the first continuous date of coverage for claims made and reported during the policy period and prior to the date of cancellation or non-renewal, subject to all terms, conditions, and exclusions of the policy.

  Customer Care Center

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Friday: 8 am – 5 pm ET

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You can find answers to many of your questions in the NAPA Frequently Asked Questions.

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Open Enrollment is Nov. 01, 2018 through Dec. 15, 2018

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