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Description

Great American’s excess cyber risk product stands out for its straightforward and adaptable nature. The policy, which is presented on a single page, follows a standard format and can be customized to extend coverage over sub-limits for different areas, including social engineering and contingent business interruption. Additionally, Great American caters to a diverse range of excess programs that encompass risks faced by governmental bodies, nonprofit organizations, and both private and public companies. With a team of skilled underwriters, we are prepared to meet the requirements of clients whose revenues reach up to $250 million. Our commitment to flexibility and comprehensive coverage ensures that we can address the unique needs of every client effectively.

Description

Cyber liability insurance serves as a safeguard for small businesses against the substantial financial repercussions stemming from data breaches and cyberattacks. It encompasses various costs, including notifying customers, providing credit monitoring services, covering legal expenses, and paying fines. With the rise in frequency and cost of cyber threats, small businesses, often equipped with inadequate cybersecurity measures, find themselves at heightened risk. A cyberattack can have dire consequences, potentially leading to a business's closure; startlingly, 60% of small businesses do not survive beyond six months following such an incident. By securing cyber insurance, businesses can mitigate the financial fallout from these attacks, ensuring coverage for legal fees, credit monitoring, and other significant expenses. Furthermore, in instances where hackers demand ransom for stolen sensitive information, cyber liability insurance can assist in meeting those demands, facilitating a more robust recovery process for the affected business. Thus, this type of insurance is not merely a precaution but a vital component of a small business's risk management strategy.

API Access

Has API

API Access

Has API

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Integrations

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Integrations

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Pricing Details

No price information available.
Free Trial
Free Version

Pricing Details

No price information available.
Free Trial
Free Version

Deployment

Web-Based
On-Premises
iPhone App
iPad App
Android App
Windows
Mac
Linux
Chromebook

Deployment

Web-Based
On-Premises
iPhone App
iPad App
Android App
Windows
Mac
Linux
Chromebook

Customer Support

Business Hours
Live Rep (24/7)
Online Support

Customer Support

Business Hours
Live Rep (24/7)
Online Support

Types of Training

Training Docs
Webinars
Live Training (Online)
In Person

Types of Training

Training Docs
Webinars
Live Training (Online)
In Person

Vendor Details

Company Name

Great American Insurance Group

Country

United States

Website

www.greatamericaninsurancegroup.com/for-businesses/product-details/cyber-risk-insurance/excess-cyber-risk-coverage

Vendor Details

Company Name

Insureon

Founded

2011

Country

United States

Website

www.insureon.com/small-business-insurance/cyber-liability

Product Features

Product Features

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