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

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Contact Tangram Insurance Services