Cyber Insurance

Cyber Insurance 
When a data breach occurs as a result of theft of a laptop, a hack into your computer system or just the negligence of an employee who fails to secure his PDA, the small business owner must move quickly to mitigate damages. Small businesses are exposed much more so than their larger counterparts due to the lack of resources for high-level security. It is critical to have a policy in place to handle the cost of notifying individuals, supplying credit monitoring services, and mitigating reputation damage.

Cyber insurance is available for Progressive-appointed insurance agents through ForAgentsOnly.com, Progressive's quoting platform. If you are a non-Progressive agent, complete our "Agent Appointment" form and a member of our team will contact you.

 

Cyber Risk Insurance Specimen Policy

Cyber Risk Insurance Policy Highlights

Incident Response Information Packet

Ponemon Institute/Keeper Report 2016: State of Small and Medium Business Cybersecurity

Data Breach Coverage FAQs

Features
  • Program underwritten by Great American, "A+" Rated by A.M. Best
  • Written on non-admitted basis
  • Premiums as low as $500
  • Coverage up to $3,000,000 (up to $10,000,000 available through referral underwriting)
  • Retentions starting at $1,000
  • Separate limit option
  • No coverage sublimits (except on optional coverages)
  • Includes voluntary notifications
  • Incident response management, including forensic and legal assistance
  • Optional coverages include Social Engineering, Contingent Business Interruption and Independent Contractors

 

Preferred Classes

  • Wholesalers
  • Manufacturers
  • Distributors
  • Retail
  • Restaurants
  • Hotel​
  • Service Organizations
  • Small Educational Organizations

Samples of Restricted Classes

  • Adult Entertainment
  • Aerospace
  • App and/or software developers
  • Banks, Credit Unions, and/or Savings & Loans
  • Cloud Computing and/or Cloud Based Service Providers
  • Condo / Home Owners Associations
  • Collection Agencies
  • Data Brokers
  • Data Centers
  • Data Hosting
  • Defense Contractors
  • Document Destruction and/or Document Management
  • Employment Placement or Temp Agencies
  • Gaming Operations
  • Gun/Firearms Related
  • Information Technology
  • Insurance Companies (not including agents)
  • Internet Service Providers
  • Investment Banking Entities
  • Law Firms
  • Media Risks
  • Payment Processing
  • Political Parties/PACS
  • Securities Brokers
  • Title/Escrow/Closing Agents
  • Tobacco or Cannibis
  • Unions

Notwithstanding any language to the contrary, nothing contained herein constitutes nor is intended to constitute an offer, inducement, promise, or contract of any kind. All coverage descriptions and claims examples are provided for informational and educational purposes only and are not a representation as to coverage for any particular claim and are not represented to be error free. Coverage for any claim is determined upon the specific facts of the claim, the terms and conditions of the policy and applicable law. For details on the coverage provided by your specific contract of insurance, please refer to your policy. Coverage is subject to underwriting guidelines and may not be available in all states. Limits may be capped for underwriting reasons. Any links to any sites which are not originated by ABA Insurance Services Inc. (ABAIS) are provided only as a courtesy and are not intended to nor do they constitute an endorsement by ABAIS of the linked materials.