https://completemarkets.com/company/calsurance/data-breach-insurance/
Information and Security Breach (Data Breach) Coverage helps mitigate the financial impact of costs associated with a data breach. A data breach is an incident in which sensitive, protected or confidential data has potentially been viewed, stolen or used by an individual unauthorized to do so. Data breaches can be as dramatic as a hacker accessing your network or as simple as an individual viewing a client’s information on a computer screen over your shoulder or in a written application in your hand.
Why does your business need data breach coverage? When a data breach occurs, you must react quickly to protect your sensitive client information from further exposure and to protect your own business reputation. The cost associated with recovering from a data breach can average up to $200,000. This includes response costs for notifying clients their information may have been compromised, forensics required to determine the size and scope of the breach, and attorney fees to review the breach and possible claim. More importantly, the cost of recovering from a data breach is not necessarily dependent upon business size, leaving individuals and small businesses with less financial backing more vulnerable and exposed.
CalSurance offers a data breach insurance program to protect insurance agents and financial professionals from the harmful effects and costs associated with a data breach. CalSurance data breach coverage has the unique added benefit of providing you with expert counsel so you don’t have to navigate the data breach recovery process alone. In today’s technologically savvy society, protecting yourself against a data breach is as necessary as locking the front door, perhaps even more important. Don’t let someone walk through your front door; arm yourself with a data breach insurance policy.
Visit us at www.calsurance.com/databreach
https://completemarkets.com/company/tennant/cyber-riskdata-breach-insurance/
Cyber Risk/Data Breach Insurance
Do your clients have the right protection in place against cyber threats and data breaches?
Tennant Risk Services offers Cyber Risk/Data Breach Insurance solutions designed for a wide range of organizations. As a Managing General Agency and Excess & Surplus Lines Broker, we help retail agents and brokers secure broad, competitively priced cyber liability coverage by leveraging our deep market access and underwriting expertise. Our streamlined process and fast turnaround help you serve your clients with speed and confidence.
Ideal Accounts and Appetite
We can place coverage for businesses of all sizes and industries, from small firms to large operations with complex cyber exposures. Our broad appetite includes:
Medical offices and healthcare providers
Insurance agencies and financial services
Retailers and e-commerce businesses
Nonprofits and religious organizations
Professional services firms
Whether your client is a tech-savvy startup or a traditional business handling sensitive data, we can customize a solution that fits.
Coverage Highlights and Advantages
Our Cyber Risk/Data Breach program offers flexible options and strong policy features:
Quick and simple submission process
Low minimum premiums (varies by carrier)
Access to multiple top-rated carriers
Customizable coverage forms
Risk management resources available
Various limit and deductible structures
Higher breach notification limits available
Sales support materials for your use
Special provisions are available for operations with unique exposures, including:
Independent Contractor Coverage
Contractual Liability
Unencrypted Portable Media
Vicarious Liability for Service Providers
Sample Accounts
Here are examples of accounts we've placed:
Medical Office – $3 Million Limit – Premium: $14,000
Insurance Broker – $1 Million Limit – Premium: $4,000
Religious Organization – $1 Million Limit – Premium: $3,000
Retail/Consumer Products – $1 Million Limit – Premium: $9,000
Underwriting and Minimum Premiums
Minimum premiums vary by carrier and account characteristics such as size, industry, and risk profile. We work closely with you to understand your client's needs and match them with the right market quickly and efficiently.
Territories and Availability
This program is available in most states, including 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, and WY.
Why Work With Tennant Risk Services?
At Tennant Risk Services, we support retail agents and brokers with specialty expertise, responsive service, and deep carrier relationships. Our team helps you navigate the complex and evolving cyber insurance marketplace so you can deliver value to your clients. Whether you're quoting a new account or reviewing renewals, we’re ready to help you secure the right protection.
For more information or to submit a risk, please call or email us. Put our Cyber Risk/Data Breach Insurance expertise to work for you!
Frequently Asked Questions
What types of accounts are a good fit for this Cyber Risk/Data Breach program?This program is suitable for a wide range of organizations, including healthcare providers, retailers, professional services, nonprofits, and financial institutions.
Can coverage be customized for unique cyber exposures?Yes. We offer special provisions for exposures like independent contractors, unencrypted media, and third-party service provider risks.
How many carriers does Tennant Risk Services work with for this program?We offer access to multiple carriers, with market selection based on the risk profile, territory, and size of the account.
Is this coverage available nationwide?Yes, the program is available in most states across the U.S., including key markets like CA, TX, NY, and FL.
What is the submission process like?We offer a quick and easy submission process with fast turnaround and support throughout underwriting.
Need help placing an account? Connect with a market specialist.