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Cyber Liability


Cyber Liability

IIARI offers members Cyber Liability coverage via Arlington & Roe. Members should be advised that they are also welcome to write their agency's cyber policy through Coalition - the exclusive cyber liability product available through Big I Markets.  The choice is yours - we're here to help guide you to the right decision for your agency.

What Would You Do If Your Agency Had A Data Breach?

Would you be surprised to know that 80 percent of businesses that experience one does not recover?

Cyber-attacks have increased significantly since 2009. Data breaches are extremely common among smaller businesses. The facet of the matter is that data held by small businesses is low hanging fruit. Hackers know these enterprises lack the security resources of their larger counterparts.

So, how do you know if you need a cyber liability product?

Here is the simplest answer: when it comes to data, if you collect it, you own it. If you maintain two or more pieces of private information or process credit cards, you need protection. Every agent who uses the internet to communicate with clients (or sends text messages on their cell phone) has a legal obligation to protect non-public information - and much of the personal data you collect from clients fall into this category.

Before you decide you do not need or cannot afford a policy, make sure you can afford to recover from a data breach.

Responding to a data breach is not only costly (estimates $200,000) it's complex. State and federal regulations dictate the proper handling of private information. If this information is breached; agents must navigate the laws in 46 different states mandating how victims must be notified. Experts from multiple disciplines; forensics investigators, legal counsel and public relations firms, may be needed to coordinate a response to even the smallest incident. In some instances, the cost of a forensic investigator alone can reach up to $340,000.

So, can you afford not to have one?

Independent Insurance Agents of Rhode Island has partnered with Arlington/Roe & Co., Inc. to offer our members an exclusive program at a negotiated rate, to help protect their agencies from information security breaches.

This program is a holistic risk management approach that will help train your staff on privacy compliance in addition to handling data breach notification and 3rd party suits. Our program offers the following benefits:

Available to IIARI Members only

No Encryption Requirement
Up to 50% Off Premium IIARI Members are Pre-Qualified for enrollment*

  • HIPAA Compliance Tools
  • Step-By-Step procedures for compliance
  • Newsletters
  • Data Breach Coach to help with the notification
  • Forensic Investigators
  • Private Counsel
  • Call Center
  • Credit restoration services
  • Online compliance material
  • Staff training program
  • Expert Support online
  • Regulatory fines and penalties
  • Public relations firms
  • Notification costs outside the limit of liability
  • Credit monitoring
  • Security & Privacy Liability

*some restrictions apply. Agencies over $5 M in revenue, over 50% benefits or with prior losses need to be underwritten.


Contact Helen Collins, CPIA