MAXIMUM
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MAXIMUM
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Cyber Liability and Data Security

Expertise. Solution. Service.


MAXIMUM offers a specialized Cyber Liability and Data Security insurance program designed to help agents and brokers protect their clients from the growing risk of cyber threats. As a trusted wholesale broker, MAXIMUM provides access to competitive cyber coverage that addresses a wide array of exposures—from data breaches to identity theft—for small to mid-sized businesses across a wide range of industries.

Ideal Accounts and Appetite

This program is tailored for businesses with annual revenues under $15 million. It suits a broad mix of industries, including professional services, retail, hospitality, healthcare, contractors, and more. Some target classes include:

  • Accountants, architects, engineers, and consultants
  • Restaurants, bars/taverns, convenience stores, and caterers
  • Doctors, dentists, physical therapists, and home health aides
  • Retailers, auto repair shops, printers/publishers*
  • Property managers, real estate agencies, and insurance agencies
  • Artisan contractors, janitorial services, and landscapers
  • Non-profits, day cares, libraries, and e-commerce operations

*Note: Part C Website Liability is not available for certain classes.

This program is not suitable for high-exposure or heavily regulated industries, such as banks, law firms, hospitals, social networking platforms, or IT manufacturers. Risks with over $25 million in receipts or poor loss history (two or more related claims in the past five years) are also ineligible, as are risks located in AL, LA, MS, or WV.

Coverage Highlights and Advantages

MAXIMUM’s Cyber Liability and Data Security program offers robust protection across multiple exposures:

Available Limits: Part A - Data Breach and Security Breach Liability: Up to $1 million
  • • Up to $250,000 per claim for regulatory defense
  • • Up to $100,000 per claim for PCI fines and penalties
Part B - Data Breach Expense: Up to $1 million
  • • Up to $25,000 for cyber extortion expense
  • • Business interruption and data restoration available
Part C - Website Liability: Up to $1 million
Part D - Identity Theft Coverage: Up to $100,000
Product Advantages: • Expenses for data breach, website liability, and identity theft are paid as incurred
• Separate aggregate limits per coverage part, with optional combined limit
• Website liability extends to social media platforms
• Competitive premiums with average policies around $1,000
• Backed by carriers rated A- or better by AM Best

Underwriting Notes

• Retentions start at $2,500
• Identity theft coverage retention starts at $0

Quick underwriting and responsive service make MAXIMUM an ideal partner for agents placing cyber liability coverage for small to mid-sized businesses. You might have a retail store client with an e-commerce platform or a local doctor’s office that handles sensitive patient data—both are solid fits for this program.

Territories and Availability

This program is available in most states, including but not limited to CA, TX, FL, NY, IL, GA, and WA. Coverage is offered on a non-admitted basis in most states, allowing for flexible underwriting and tailored solutions.

Why Work With MAXIMUM

MAXIMUM is a national wholesale brokerage known for delivering smart, responsive solutions for complex and emerging risks. With a dedicated Cyber Liability and Data Security program, they combine market access, underwriting strength, and excellent service to help agents succeed in protecting their clients from cyber threats. When you work with MAXIMUM, you gain a partner committed to placing the right coverage quickly and efficiently.

Please reach out to us today by phone or email with any questions and to discuss how we can assist in this process.

Frequently Asked Questions

What types of accounts are a good fit for this cyber liability program?

This program is best suited for small to mid-sized businesses with under $15 million in annual revenue. Ideal classes include professional services, retail, hospitality, healthcare, contractors, and non-profits.

What are some examples of ineligible risks?

Ineligible risks include banks, law firms, IT manufacturers, adult entertainment, medical labs, social networking platforms, and businesses with more than $25 million in receipts or multiple recent cyber-related claims.

What coverage parts are included in the policy?

The policy includes four main parts: Data Breach and Security Breach Liability, Data Breach Expense, Website Liability, and Identity Theft Coverage. Limits can go up to $1 million for most parts.

Is website liability included for all industries?

No, website liability (Part C) is not included for certain industries such as printer/publisher, advertising firms, and condo/homeowner associations.

What states is this program available in?

The program is available in most states, excluding AL, LA, MS, and WV. It is offered on a non-admitted basis in many locations.

Need help placing an account? Connect with a market specialist.

U.S. States Available

  • U.S. States Available:
  • Provider Type:
    Wholesale Broker
  • Admitted:
    Most Available States
  • Carriers:
  • Carrier Ratings:
    AM Best Rating of A- or Better
  • Commission:
    -
  • Min Premium:
    -

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LOCATION

222 S Riverside Plaza, Suite 2340
Chicago, IL 60606
888-364-2765
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MAXIMUM has other insurance programs like Annual Host Liquor Liability.