Cyber threats continue to evolve, and every business—regardless of size or industry—is at risk of data breaches, cyberattacks, and regulatory exposure.
Excel Insurance Services offers a robust Cyber Liability Insurance program designed to help agents and brokers place coverage for a wide range of clients, not just tech-driven businesses.
Overview of the Program From Excel Insurance Services
Excel Insurance Services is an experienced Excess & Surplus Lines Broker providing access to Cyber Liability solutions through various carriers. This program addresses both first- and third-party cyber risks—offering protection for exposures related to the Internet, data privacy, network security, and digital communications. Whether your client is a healthcare provider, retailer, financial firm, or service-based company, Excel can help you secure tailored cyber protection.
Ideal Accounts and Appetite
This Cyber Liability program is designed for a broad class of businesses, including but not limited to:
- Professional services firms (legal, accounting, consulting)
- Retail and e-commerce businesses
- Healthcare providers and medical offices
- Educational institutions
- Manufacturers with connected systems
You might have a client who stores sensitive customer data or processes online payments—these are ideal risks for this program. Excel can also help with accounts that have had prior incidents or operate in higher-risk industries.
Coverage Highlights and Advantages
Main Coverage Components:
Privacy Liability:
- Covers losses resulting from failure to protect sensitive personal or corporate data, whether digital or physical
- Includes regulatory defense and penalties for violations of privacy laws and regulations (state, federal, or international)
Network Security Liability:
- Covers liabilities from unauthorized access, denial-of-service attacks, and transmission of malicious code
Data Breach Response:
- Covers forensic investigation costs, legal and crisis management services, regulatory compliance, and notification expenses
Additional Coverages May Include:
- Internet Media Liability
- Network Extortion Threats (ransomware)
- Crisis Management and Reputation Restoration
Underwriting Notes and Minimum Premiums
As a wholesale broker with access to various markets, Excel can work with accounts that may not fit standard admitted markets. While minimum premium thresholds vary by carrier and risk profile, agents are encouraged to contact Excel for risk-specific quotes and underwriting requirements.
Territories and Availability
Excel's Cyber Liability Insurance program is available in the following states:
- Delaware (DE)
- New Jersey (NJ)
- New York (NY)
- Pennsylvania (PA)
Some markets are available on an admitted basis, while others are written through non-admitted carriers depending on the account.
Why Work With Excel Insurance Services
Excel Insurance Services brings deep market access and underwriting expertise to help brokers place complex or high-exposure cyber accounts. From small businesses to larger enterprises, their team can help craft customized solutions that address today’s evolving threats. With responsive service and a flexible appetite, Excel is a valuable partner in the cyber liability space.
Let Excel help protect your clients from today's digital risks. Contact them today to discuss your next cyber liability submission!
Frequently Asked Questions
What types of accounts are a good fit for this cyber liability program?
This program is ideal for a wide range of industries including professional services, healthcare, retail, education, and technology-focused businesses.
Can Excel place risks with prior cyber incidents?
Yes, Excel can consider accounts with previous cyber events, depending on the circumstances and risk controls in place.
Is this program available on an admitted basis?
Some markets are available on an admitted basis; others are non-admitted depending on the carrier and risk profile.
Which states is this program available in?
The Cyber Liability program is currently available in Delaware, New Jersey, New York, and Pennsylvania.
What types of cyber exposures does the program cover?
Coverage includes privacy liability, network security liability, data breach response, internet media liability, extortion threats, and more.
Need help placing an account? Connect with a market specialist.