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Cyber Liability

​​​​​Specifically designed to meet the needs of the Independent Agent - Premiums start at $515 for $500,000 limit and up to 50,000 records

What Would You Do If Your
Agency Had A Data Breach?

Would you be surprised to know that 80 percent of businesses that experience one do not recover?

Cyber attacks have increased significantly since 2009. Data breaches are extremely common among smaller businesses. The fact of the matter is that data held by small businesses is low hanging fruit. Hackers know these enterprises lack the security resources of their larger counterparts.

So, how do you know if you need a cyber liability product?​ Here is the simplest answer:  when it comes to data, if you collect it, you own it. If you maintain two or more pieces of private information or process credit cards, you need protection. Every agent who uses the internet to communicate with clients (or sends text messages on their cell phone) has a legal obligation to protect non-public information - and much of the personal data you collect from clients falls into this category.   

Before you decide you do not need or cannot afford a policy, make sure you can afford recovering from a data breach. Responding to a data breach is not only costly( an estimated $200,000) it’s complex. State and federal regulations dictate proper handling of private information. If this information is breached; agents must navigate the laws in 46 different states mandating how victims must be notified. Experts from multiple disciplines; forensics investigators, legal counsel and public relations firms, may be needed to coordinate a response to even the smallest incident. In some instances the cost of a forensics investigator alone can reach up to $340,000.

So, can you afford not to have one?

Independent Insurance Agents of Nebraska has partnered with Arlington/Roe & Co., Inc. to offer our members an exclusive program at a negotiated rate, to help protect their agencies from information security breaches. 

This program is a holistic risk management approach that will help train your staff on privacy compliance in addition to handling data breach notification and 3rd party suits. Our program offers the following benefits:

  • Available to IIAN Members only
  • No Encyrption Requirement
  • Up To 50% Off Premium
  • IIAN Members Are Pre-Qualified For Enrollment*

  • HIPAA Compliance Tools
  • Step-By-Step Procedures for Compliance
  • Newsletters
  • Data Breach Coach To Help With Notification
  • Forensic Investigators
  • Private Counsel
  • Call Center
  • Credit Restoration Services

  • On-Line Compliance Material
  • Staff Training Program
  • Expert Support On-Line
  • Regulatory Fines and Penalties
  • Public Relations Firms
  • Notification Costs Outside Limit of Liability
  • Credit Monitoring
  • Security & Privacy Liability

*some restrictions apply.  Agencies over $5 M in revenue, over 50% benefits or with prior losses need to be underwritten. 

CyberLiability_Application.pdfCyberLiability_Application.pdf


 Pricing for agencies with revenues**
**If revenue is over $5 Million, submit application for quote.

 For more information or if you have questions, please contact:
 

John Immordino
Arlington/Roe
Program Administrator
Phone:  800-878-9891 Ext. 8732
Emailjimmordino@arlingtonroe.com

 

Brenda Kaiser
IIAN
Membership Programs Director
Phone: 402-476-2951
Emailbrenda.kaiser@biginebraska.org

 

Companies with revenues less than $1,000,000

 
Option #1
Option #2
Option #3
Binding Coverage is easy as 1,2,3
 
1.       Choose the option number and premium from the chart on the left.  This chart is for companies with revenues less than $1M. Make check payable to:  Nebraska Agency Services
2.      Complete the application and addendum attached.
3.      Attach the check to the application/addendum and mail to:
Nebraska Agency Services
8231-B Northwoods Drive
Lincoln, NE 68505
Limit of Liability Agg.
$250,000
$500,000
$1,000,000
Retention
$2,500
$2,500
$2,500
Notification Limit
Legal, Forensics & PR
(outside limit of liability)
25,000 records
$250,000
50,000 records
$500,000
100,000 records
$1,000,000
Notification Threshold
100 records
100 records
100 records
Sublimits
 
 
 
Security & Privacy Liability
$250,000
$500,000
$1,000,000
Regulatory Def. & Penalties
$250,000
$500,000
$1,000,000
PCI Fines & Penalties
$250,000
$250,000
$250,000
Website Media Liability
$250,000
$500,000
$1,000,000
Cyber Extortion
$250,000
$500,000
$1,000,000
Data Protection Loss and Business Interruption Loss
$250,000
$500,000
$1,000,000
Premium
 less than 50% benefits
$257.50
$515.00
$772.50
Companies with revenues from $1M to $2M
 
 
Option #1
Option #2
Option #3
Binding Coverage is easy as 1,2,3
 
1.       Choose the option number and premium from the chart on the left.  This chart is for companies with revenues from $1M-$2M. Make check payable to:  Nebraska Agency Services
2.      Complete the application and addendum attached.
3.      Attach the check to the application/addendum and mail to:
Nebraska Agency Services
8231-B Northwoods Drive
Lincoln, NE 68505
Limit of Liability Agg.
$500,000
$1,000,000
$1,000,000
Retention
$2,500
$2,500
$2,500
Notification Limit
Legal, Forensics & PR
(outside limit of liability)
50,000 records
$500,000
50,000 records
$1,000,000
100,000 records
$1,000,000
Notification Threshold
100 records
100 records
100 records
Sublimits
 
 
 
Security & Privacy Liability
$500,000
$1,000,000
$1,000,000
Regulatory Def. & Penalties
$500,000
$1,000,000
$1,000,000
PCI Fines & Penalties
$250,000
$250,000
$250,000
Website Media Liability
$500,000
$1,000,000
$1,000,000
Cyber Extortion
$500,000
$1,000,000
$1,000,000
Data Protection Loss and Business Interruption Loss
$500,000
$1,000,000
$1,000,000
Premium
 less than 50% benefits
$566.50
$875.50
$978.50
Companies with revenues from $2M to $3M
 
 
Option #1
Option #2
Option #3
Binding Coverage is easy as 1,2,3
 
1.       Choose the option number and premium from the chart on the left.  This chart is for companies with revenues from $2M-$3M. Make check payable to:  Nebraska Agency Services
2.      Complete the application and addendum attached.
3.      Attach the check to the application/addendum and mail to:
Nebraska Agency Services
8231-B Northwoods Drive
Lincoln, NE 68505
Limit of Liability Agg.
$500,000
$1,000,000
$1,000,000
Retention
$2,500
$2,500
$2,500
Notification Limit
Legal, Forensics & PR
(outside limit of liability)
50,000 records
$500,000
50,000 records
$1,000,000
100,000 records
$1,000,000
Notification Threshold
100 records
100 records
100 records
Sublimits
 
 
 
Security & Privacy Liability
$500,000
$1,000,000
$1,000,000
Regulatory Def. & Penalties
$500,000
$1,000,000
$1,000,000
PCI Fines & Penalties
$250,000
$250,000
$250,000
Website Media Liability
$500,000
$1,000,000
$1,000,000
Cyber Extortion
$500,000
$1,000,000
$1,000,000
Data Protection Loss and Business Interruption Loss
$500,000
$1,000,000
$1,000,000
Premium
 less than 50% benefits
$772.50
$978.50
$1133.00
Companies with revenues from $3M to $4M
 
 
Option #1
Option #2
Option #3
Binding Coverage is easy as 1,2,3
 
1.       Choose the option number and premium from the chart on the left.  This chart is for companies with revenues from $3M-$4M. Make check payable to:  Nebraska Agency Services
2.      Complete the application and addendum attached.
3.      Attach the check to the application/addendum and mail to:
Nebraska Agency Services
8231-B Northwoods Drive
Lincoln, NE 68505
Limit of Liability Agg.
$500,000
$1,000,000
$1,000,000
Retention
$2,500
$2,500
$2,500
Notification Limit
Legal, Forensics & PR
(outside limit of liability)
50,000 records
$500,000
50,000 records
$1,000,000
100,000 records
$1,000,000
Notification Threshold
100 records
100 records
100 records
Sublimits
 
 
 
Security & Privacy Liability
$500,000
$1,000,000
$1,000,000
Regulatory Def. & Penalties
$500,000
$1,000,000
$1,000,000
PCI Fines & Penalties
$250,000
$250,000
$250,000
Website Media Liability
$500,000
$1,000,000
$1,000,000
Cyber Extortion
$500,000
$1,000,000
$1,000,000
Data Protection Loss and Business Interruption Loss
$500,000
$1,000,000
$1,000,000
Premium
 less than 50% benefits
$978.50
$1133.00
$1287.50
Companies with revenues from $4M to $5M
 
 
Option #1
Option #2
Option #3
Binding Coverage is easy as 1,2,3
 
1.       Choose the option number and premium from the chart on the left.  This chart is for companies with revenues from $4M-$5M. Make check payable to:  Nebraska Agency Services
2.      Complete the application and addendum attached.
3.      Attach the check to the application/addendum and mail to:
Nebraska Agency Services
8231-B Northwoods Drive
Lincoln, NE 68505
Limit of Liability Agg.
$1,000,000
$1,000,000
$1,000,000
Retention
$2,500
$2,500
$2,500
Notification Limit
Legal, Forensics & PR
(outside limit of liability)
50,000 records
$1,000,000
100,000 records
$1,000,000
150,000 records
$1,000,000
Notification Threshold
100 records
100 records
100 records
Sublimits
 
 
 
Security & Privacy Liability
$1,000,000
$1,000,000
$1,000,000
Regulatory Def. & Penalties
$1,000,000
$1,000,000
$1,000,000
PCI Fines & Penalties
$250,000
$250,000
$250,000
Website Media Liability
$1,000,000
$1,000,000
$1,000,000
Cyber Extortion
$1,000,000
$1,000,000
$1,000,000
Data Protection Loss and Business Interruption Loss
$1,000,000
$1,000,000
$1,000,000
Premium
 less than 50% benefits
$1236.00
$1390.50
$1545.00