Financial institutions or other financial companies
Candidates for privacy & security insurance include institutions with access to any individual’s personal/private information.
Our brokers have access to several quoting programs allowing us to provide you with coverage options in as few as 15 minutes!
COVERAGE HIGHLIGHTS & AVAILIBILITY
Broad and basic coverage forms
Claims made and reported
Duty to defend
Any breach of any right to privacy or consumer data breach law
Acts performed by contractors, vendors and outsourcers
Privacy claims by employees
Breach of confidentiality including commercial information
Civil regulatory action where insurable is available
Intellectual property infringement is available (media liability – includes web sites)
Negligent transmission of computer virus, work, logic bomb or Trojan horse
First party coverage to respond to an insured’s requirement to notify and monitor an individual’s credit after a data breach
Other coverage available: security costs, hacker damage, business interruption and cyber extortion
Minimum premium: $1,000 (less in some cases)
Limits available: we can offer as low as $250K or we can quote $1,000,000; limits above $1,000,000 are available in most cases
Minimum deductible: usually $1,000
All carriers rated A- or higher
Our company has the market access to provide admitted quotes for cyber liability. We carry licenses for surplus lines filing in all states.
Cyber Programs for Large Groups or Pools
AJ Wayne specializes in assembling Cyber Programs for Municipal Pools, Risk Retention Groups, as well as Trade Associations. We have proven expertise in this area and are able to provide broad coverage without the burdensome individual application process.
For those insured with equipment exposure, we are able to provide “True Equipment Coverage” without the need to prove physical damage.