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Cyber Liability

What would you do if your agency had a data breach?

The vast majority of businesses that suffer a data breach fail to recover because they did not have a plan in place to deal with a possible breach. Responding to a breach is a complicated process that requires the assistance of many different professionals. Failure to notify the affected individuals “without unreasonable delay” could cost your agency up to $1,500,000 in fines from government agencies. Add this to the $200,000 average cost to comply with notification laws, the legal liability and the reputational harm caused by the breach and you can quickly see how this exposure can be devastating to your agency.

MAIA offers coverage through Beazley with the following benefits:

• Available to MAIA Members Only
• No Encryption Requirement
• HIPAA Compliance Tools
• Step-by-Step Procedures for Compliance
• Newsletters
• Data Breach Coach to Help with Notification
• Forensic Investigators
• Privacy Counsel
• Call Center
• Credit Restoration Services
• Up to 50% Off Premium

• MAIA Members Are Pre-Qualified for Enrollment*
• Online Compliance Materials
• Staff Training Programs
• Expert Support Online
• Regulatory Fines & Penalties
• Public Relations Firm
• Notification Costs Outside Limit of Liability
• Credit Monitoring
• Security & Privacy Liability

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

LINKS & DOWNLOADS

Data Breach Program Pricing

Cyber Secure Application

Cyber Secure Application (For agencies in excess of $5M in revenue)

More Information

Policyholder Services

BINDING COVERAGE AS EASY AS 1, 2, 3
1. Choose the option number and premium for the applicable agency revenue level from the pricing chart above. Make check payable to Agents Marketing Corp.

2. Complete the application above.

3. Mail forms and payment to: Agents Marketing Corp., P.O. Box 1806, Jefferson City, MO 65102.