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Cyber Liability Insurance from PIA
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 Cyber insurance pia western alliance

 

Does your agency need to

purchase Cyber Liability Insurance?

 

Hiscox: Half of US businesses reported a cyber attack in the past year.

 

 

Purchase Cyber Liability Insurance for

your agency through PIA Western Alliance.

 

YOUR CYBER EXPOSURE

GREAT AMERICAN

CYBER INSURANCE COVERS

SOCIAL ENGINEERING

An employee is tricked into

sending money to an

imposter pretending to be a

company manager,

customer or vendor.

 

Xxxxxxx

Reimburses you for the money lost from a

social engineering scheme. 

FUNDS TRANSFER FRAUD

A hacker breaks into your

computer system and gains

access to your online banking

account.  The hacker uses his

access to request a funds transfer.

 

 

Covers the money lost but not reimbursed from

a criminal fraudulently issuing instructions to

your bank to electronically transfer funds.

RANSOMWARE

An employee unknowingly opens a link in

an email that contains a computer virus.

The virus immediately begins encrypting files

on your network. The criminals reach

out to you demanding $5,000 in return

for unlocking the company's files.

 

 

Covers the ransom in excess of the deductible

to unlock your files after consultation with the Insurer. 

NETWORK INTERRUPTION

A computer virus brings

down your order system.

It takes three days before

technicians can get it up

and running again.

 

 

Reimburses lost profits and any extra expenses

incurred while systems were down after an initial

8-hour down time threshold. 

DATA BREACH

A hacker gets past your

security controls and

breaches your network.

Customer data records

which included

sensitive personally

identifiable information was

stolen. However, the extent

of the breach and number

of records implicated

is undetermined without

further security review.

 

   

Legal fees, security experts, PR consultants,

notification costs, and identity theft protection for

customers impacted by the breach;

PCI fines and penalties; Defense and settlement

costs for related lawsuits.

NETWORK SECURITY

Your website was hit with a

virus that flooded your

network with 10 times the

normal traffic, rendering

your system inoperable.

The virus was transmitted

to several key employees,

bringing your systems down

 

Covers lawsuit impacted by the virus transmissions

and covers the cost to repair any damage to your data files.

MEDIA LIABILITY

A customer posted a

complaint on your Facebook

page.

An employee posted a reply

accusing the customer

of lying. 

 

Covers content related lawsuits for defamatory

and slanderous comments made by your company

on its social media accounts.

 

 

 

In addition to the seven coverage parts provided under the PIA cyber insurance policy, PIA and ABAIS have

worked with Great American Insurance Company to provide PIA agents with reduced rates compared to

ABAIS’s standard program for social engineering coverage as well as the following policy enhancements:

 

  • Expanded definition of multimedia wrongful acts – unauthorized use of website links, frames, formats, fonts, style, characters, titles
  • Coverage for HIPAA fines
  • Extended notice of Data Compromise (data breach event) from 5 to 30 days
  • Extended notice of Claim from 60 to 90 days after the end of the Policy Period
  • Extended notice of Non-Renewal from 60 to 90 days in advance of the Policy Expiration

 

CONTACT ME!

Kim Cottrell

PIA Western Alliance

888-246-4466 x 112

 

 

EDUCATIONAL RESOURCE

Cyber education - get it today!

ACCESS CYBER 101

 

Non-PIA members appointed by Partnership companies: Click here to access Cyber 101.

 

Other agents: To access Cyber 101, you will need to become a PIA member. Learn more about PIA membership and join today!



 

R A T E   S H E E T S


A special thank you to our KKlub Members for their support.