Protect Your Agency with PIA Cyber InsuranceSeptember 20, 2017
Many small business owners may not think they need cyber liability coverage, but small businesses are extremely vulnerable to security threats. That’s why PIA is excited to announce a cyber insurance program that responds to the most common threats facing small and mid-sized businesses.
After evaluating carriers, PIA partnered with ABA Insurance Services and selected Great American E&S Insurance Company (rated A+ by A.M. Best) as the premier carrier for the PIA cyber insurance program.
The policy covers risks such as social engineering, funds transfer fraud, ransomware, network interruption, data breach, network security, and media liability. Coverage is now available to agents through their local PIA affiliate producers using a simplified, slot-rated quoting process. The policy premium is significantly discounted from those rates found in the standard market and includes enhancements not typically offered by competitors.
Later in the fall, PIA members will be able to sell the coverage to their clients as well.