Data Breach/Cyber Liability
Can Your Agency Afford to Weather a Data Security Breach?
A full 80 percent of businesses that experience a data breach do not recover.
One
can hardly turn on the television or pick up a newspaper without seeing
another major story about the latest data breach. While headlines are
grabbed by large corporate brand names, it is reported that almost half
of all data breaches involve companies with less than 500 employees.
Cyber
attacks have increased significantly since 2009. Data breaches are
extremely common among smaller businesses. Data held by small business
is considered low hanging fruit for hackers because they know small
businesses lack security resources.
As part of our continuing
effort to provide our members with cutting edge coverage, we are
offering a slot-rated Data Breach Program for MEMBERS ONLY with a short
form application for stand-alone coverage through Beazley. As a Beazley
Breach Response policyholder, you will have access to risk management
policies and procedures, training and other tools. In addition, when you
have a covered breach, they are ready to deliver a well-coordinated
response. MIAA can provide you with another excellent choice to protect your Agency, through the National Cyber Coalition, another MEMBER ONLY product. We would be happy to help you in making your decision!
Please complete the application and return with your check made payable to Agency Assistance, 17 Carriage Lane, Hallowell, ME 04347.