Privacy Protection and Data Breach Coverage from Insurance Program Managers Group (IPMG)
IPMG provides access to specialist markets for Privacy Protection and Data Breach insurance tailored for a wide range of commercial risks. This program is designed for agents who need flexible cyber and privacy solutions — from small professional firms to mid-sized retailers and service providers — backed by carriers experienced in handling breach response, liability, and cyber business interruption.
Ideal Accounts and Appetite
This program is a strong fit for agents placing accounts in the following classes:
- Professional services: lawyers, accountants, independent insurance agents, consultants and other firms that handle client information.
- Retail merchants and e-commerce businesses that accept payment cards or store customer records.
- Education organizations: private schools, tutoring centers, and training providers.
- Financial services firms and advisers with sensitive client data.
- Hospitality, restaurants and food service operations with POS systems and guest records.
- Health and medical practitioners and ancillary healthcare services.
IPMG can consider many other classes — if you have an account with customer data, payment processing, or third-party hosted systems exposure, it may be eligible.
Coverage Highlights and Advantages
- Privacy Protection and Data Breach Cost coverage to respond to regulatory inquiries, notification, credit monitoring and forensics.
- Multimedia liability to address content- and media-related exposures.
- Cyber Business Interruption and Hacker Damage for income loss and system repair after an attack.
- Cyber Extortion and crisis-management response for ransom events and negotiation costs.
- Policy limits available up to $10,000,000, with flexible limit structures to match client needs.
Underwriting Notes and Minimum Premiums
Typical submission requirements will include a description of operations, revenue, prior incidents, and information security practices (e.g., firewalls, backups, MFA where used). The program can underwrite first-time buyers as well as renewal placements; appetite and pricing will reflect sector, revenue, and controls in place.
Minimum premium: $625. Higher limits, complex accounts, or accounts with material prior incidents may require additional underwriting detail and higher premiums.
Territories and Availability
This program is available in the following states: FL, GA, IL, IN, IA, MO. Availability may vary by carrier and risk characteristics, so please submit details early for confirmation.
Why Work With IPMG on Privacy & Breach Risks
- Market access: IPMG places these risks with carriers that specialize in privacy and cyber exposures.
- Flexibility: options for standalone cyber/privacy coverage or packaged solutions to address multimedia, extortion and business interruption.
- Responsiveness: tailored submissions and underwriting guidance to help you place accounts that might otherwise be hard to bind.
Example Account Scenarios
- A regional dental practice that stores patient records electronically and wants breach response, regulatory defense, and business interruption coverage.
- An independent CPA firm that handles tax returns for hundreds of clients and requires privacy liability and cyber extortion protection.
Contact IPMG for a quote and to discuss the best market placement for your client’s exposure. Provide revenue, a summary of data handled, security controls, and any prior cyber incidents to expedite review.