https://completemarkets.com/company/plisinc/Cyber-Liability/
How often do you hear about a hacker breaching a system or a virus crippling a company's operations? For technology professionals and businesses that handle sensitive data, these risks are part of daily life. As an insurance agent or broker, you need reliable markets that understand cyber exposures and can place complex risks quickly. The Cyber Liability Insurance program from Professional Liability Insurance Services, Inc.® (PLIS, Inc.) is designed for that purpose — to help you protect clients against evolving digital threats with flexible, Lloyd’s-backed capacity and responsive underwriting.
Cyber Liability Insurance Program Overview
PLIS, Inc. offers a comprehensive Cyber Liability Insurance program underwritten by Certain Underwriters at Lloyd’s on a non-admitted basis. The program delivers broad cyber and privacy protection tailored for technology firms and any business that stores, processes, or transmits sensitive client or employee data. Coverage options are flexible across limits, retentions, and extensions — backed by experienced program underwriting and risk management support.
Ideal Accounts and Target Industries
This program is a strong fit for:
Technology consultants and IT service providers
Software developers, web designers, and SaaS vendors
Data hosting companies, managed service providers (MSPs), and cloud operators
Any business that collects, stores, or transmits personally identifiable information (PII) or protected health information (PHI)
Example placements: you might have a mid-sized MSP that provides remote monitoring and stores client PII, or a boutique software firm that processes healthcare data — both are well suited to this program.
Coverage Highlights and Advantages
Limits available from $100K/$100K up to $5M/$5M
Deductibles as low as $500 for qualified risks (subject to underwriting)
12-month extended reporting period option
Full Prior Acts available with no prior knowledge or notice
Unlimited telephone consultation with licensed risk managers and HR professionals
Wrongful Acts coverage typically includes protection for:
Hacker intrusions and data breaches
Malware and virus transmission
Theft, loss, or unauthorized disclosure of electronic data
Denial-of-service attacks
Defamation, libel, slander, and reputational harm
Intellectual property exposures such as plagiarism and misappropriation of ideas
Underwriting, Submission, and Premium Notes
Fast turnaround on submissions — live underwriter support helps avoid voicemail delays
Premium financing options are available
Minimum premiums vary by risk characteristics and requested limits; all accounts are subject to underwriting review and policy terms
Appetite and typical restrictions: competitive for firms with strong security practices and documented controls. Higher-risk accounts (e.g., heavy ransomware history, unpatched legacy systems, or large exposures with inadequate controls) may require additional underwriting or be declined.
Availability and Territory
This program is offered on a non-admitted basis and is available in 48 states plus Washington, DC, including key markets such as CA, TX, FL, NY, and IL. Confirm specific state eligibility with the underwriter for any placement.
Why Partner With PLIS, Inc.?
PLIS, Inc. brings decades of professional liability and cyber underwriting experience plus direct market access to Lloyd’s capacity. Agents benefit from responsive decision-makers, flexible terms (including full prior acts), and practical risk-management support to help insureds mitigate exposures before and after a loss. The program is structured to make placing cyber business straightforward for independent agents and brokers.
All coverage features are subject to individual underwriting and may vary by account. This is not a guarantee of coverage or quote. Please refer to the policy for complete terms and conditions.
© Copyright all rights reserved PLIS, Inc. 2012
Frequently Asked Questions
What types of accounts are a good fit for this Cyber Liability program?This program is best suited for technology consultants, IT service providers, software developers, MSPs, and businesses that store or manage sensitive client or employee data.
Which carriers back this program?Coverage is underwritten by Certain Underwriters at Lloyd’s on a non-admitted basis.
What is the minimum deductible available?Qualified insureds may be eligible for deductibles as low as $500; availability depends on underwriting and risk characteristics.
Is the program available in all states?The program is available in 48 states and Washington, DC. Contact an underwriter to confirm eligibility for a specific state.
What are the key coverage highlights?Key features include limits up to $5M, full prior acts options, 12-month extended reporting, and coverage for hacker attacks, data breaches, malware, denial-of-service, and reputational harms such as defamation and plagiarism.
Need help placing an account? Connect with a market specialist.