Cyber Liability Solutions for Financial Services Professionals
NAS Insurance Services offers NetGuard™ Plus, a Cyber Liability program purpose-built for financial services firms. Whether your client is a financial advisor, investment firm, mortgage broker, tax preparer or a small accounting office, this program helps manage the increasing risks from data breaches, network outages, regulatory inquiries, and reputational damage.
Ideal Accounts for This Program
NetGuard™ Plus is designed for a range of financial services providers, including:
- Registered Investment Advisors (RIAs)
- Broker-dealers
- Mortgage and loan brokers
- Tax preparation firms
- Accounting and bookkeeping services
You might have a client who handles sensitive financial records, stores tax and payroll data in the cloud, or uses third-party portals for client access. NetGuard™ Plus delivers modern cyber protection without unnecessary carve-outs for cloud services or social media use.
Coverage Highlights and Advantages
- Separate Breach Response Limits: Dedicated breach-response funds that do not erode the liability aggregate—so resources remain available for third-party defense and liability.
- Network Asset Protection: Includes business interruption and data recovery coverage to help clients restore operations and recover lost data after an event.
- PCI Fines & Penalties: Coverage for fines and related legal defense when a client stores or processes cardholder data.
- Notification and Credit Monitoring: Optional services to support regulatory and customer notifications, plus credit monitoring even when legal notification isn’t strictly required.
- Pre-emptive Public Relations: Access to reputation-management resources to help control public messaging after a breach.
- No Exclusions for Cloud or Social Media: Policy language that recognizes modern workflows and avoids unnecessary exclusions for cloud-based systems and social platforms.
Limits are available up to $10 million, supported by breach response teams and forensic experts from top-tier vendors.
Underwriting Notes and Minimum Premiums
Minimum premium for NetGuard™ Plus starts at $750. NAS Insurance Services underwrites this program on a non-admitted basis on behalf of Lloyd’s, London and other highly rated carriers. Typical submissions should include a completed cyber liability application plus details on IT controls, third-party vendors, media exposure, and any prior incidents. Larger or higher-exposure accounts may require additional information or supplemental applications.
Territories and Program Availability
This program is offered on a non-admitted basis in the following states and territories: AL, AK, AZ, AR, CA, CO, CT, DE, FL, GA, HI, ID, IL, IN, IA, KS, KY, LA, ME, MD, MA, MI, MN, MS, MO, MT, NE, NV, NH, NJ, NM, NY, NC, ND, OH, OK, OR, PA, RI, SC, SD, TN, TX, UT, VT, VA, WA, DC, WV, WI, WY. No admitted options are currently available. Contact NAS to confirm availability for a specific state or to discuss exceptions.
Why Partner With NAS Insurance Services
NAS Insurance Services is a Managing General Underwriter with deep expertise in cyber and professional risk for financial services. Agents benefit from focused underwriting, access to Lloyd’s and other strong carriers, and a streamlined placement process for moderately complex cyber risks. NAS provides timely responses, experienced claim partners, and modern policy form language suited to digital-first business models.
Example placements: You might place a $3M RIA with cloud-based portfolio management and multi-state clients, or a small tax-prep firm that stores sensitive taxpayer information and needs breach response plus notification and monitoring services. Both are typical fits when controls and exposures are documented.
Frequently Asked Questions
What types of accounts are a good fit for this program?
This program is ideal for financial services firms such as investment advisors, mortgage brokers, accountants, tax preparers, and other firms that handle sensitive client financial data and rely on digital platforms.
Is this program admitted or non-admitted?
NetGuard™ Plus is a non-admitted program underwritten on behalf of Lloyd’s, London and other highly rated carriers. There are no admitted options at this time.
Are there exclusions for cloud-based systems or social media use?
No. This program does not exclude cloud-based systems or social media—coverage is designed to reflect modern business use of third-party cloud and social platforms.
What is the minimum premium for this Cyber Liability program?
The minimum premium starts at $750. Final pricing depends on account size, exposures, submitted controls, and underwriting review.
Which states is the program available in?
The program is available in most U.S. states (see territories above). Contact NAS to confirm availability or to discuss placements in specific states.
Need help placing an account? Connect with a market specialist.