Description
Cyber insurance today is just as important as having General Liability, Property and Workers Compensation coverage. Just take a look at the most recent stats: In 2017, 61% of SMBs were breached as compared to 55% in 2016. A total of seven-plus billion records were compromised due to security breaches with the average cost per lost or stolen record at $141. Spear phishing and social engineering – digital tricks designed to win people’s trust and get a hold of financial and personal data to exploit – has exploded in the last few years. It’s a wake-up call for all business to get cyber-ready.
We’re here to help you get this much-needed coverage into the hands of your insureds. Our Cyber program is designed for a wide range of industries and offers a painless and streamlined way for your clients to get coverage. With broad built-in coverage, choice of limits and very competitive pricing, this is one of the best solutions in the market.
Broker Benefits
- Product is in Limited Distribution and Semi-exclusive to Tangram
- Competitive Commission
- Quote Provided with Minimal Information
- Quote in Your Hands within 24 Hours
- Protection against Potential E&O claims
Product Highlights & Features
Aggregate Limits
- $500,000, $1M, $2M and $3M Base Limits Available for Most Classes
- Higher Limits: Up to $5M can be Requested
Claims-Made Liability Coverage
- Enterprise Security Event Liability Coverage
- Privacy Regulation Liability Coverage
First-Party Coverages
- Crisis Management and Fraud Prevention Expenses
- Computer System Extortion Coverage
- Crisis Management
- Fraud Response
- Public Relations
- Forensic/Legal
- System Disruption Business Interruption
- Data Recovery Expense
A Lot More than Basic Coverages Included
- Breach Preparedness Information Services Before Claim – Free
- Right and Duty to Defend
- PCI Fines Included
- Ransomware Loss Included
- Extortion Threat Reward
- Website Media Claim
- Social Engineering Fraud – $100,000 sublimit
- Telecommunications Theft Loss – $100,000 sublimit
Coverages Offered
Cyber Liability
Availability
Applications and Informational PDFs
Contact
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