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 over $1 million in fines from government agencies. Add this to the 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.
We have partnered with Beazley Breach Response to provide comprehensive coverage, varied limit options and affordable rates in a pre-set slot-rate program. (Agencies over $15M in revenue, over 50% benefits or with prior losses need to be underwritten.)
Beazley Breach Response is the industry-leading solution for data privacy and security risk management, providing a range of services designed to help your organization respond to an actual or suspected data breach incident effectively, efficiently and in compliance with the law. Their website offers training, risk management options and more.
Available to MAIA members only
Benefits of the Beazley policy:
- 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
- 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
Quoting Coverage Is Easy
- Submit the Beazley application for eligibility review
- One of our account managers will be in contact to review cyber options with you
Beazley, as well as other cyber carriers, are reevaluating their book of business and protection requirements. The application below will allow us to determine your eligibility for the Beazley program. Please complete the application and return to our office for review. If you are not eligible for the Beazley Cyber program, we do have other cyber carriers we can obtain quotes from.