Average Ratings 0 Ratings
Average Ratings 0 Ratings
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
Integrations
No details available.
Integrations
No details available.
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