Cyber Insurance
PIA and ABA Insurance Services (ABAIS) have worked with Great American E&S Insurance Company (rated A+ by A.M. Best) to create a cyber insurance program tailor-made for small and mid-sized businesses. PIA cyber insurance can protect businesses from computer, network, and internet-based risks. As a PIA Member, you are eligible to sell the PIA enhanced cyber insurance product to your clients.
Important Details About PIA Cyber Insurance:
- PIA cyber insurance is a non-admitted program.
- ABAIS will file all surplus lines taxes. PIA member producers will need to provide ABAIS with completed surplus lines forms in certain states.
- Direct bill (agency bill available)
- Sales commission: 12.5%
PIA Cyber Insurance Coverage Details:
The PIA enhanced cyber insurance policy covers both first and third party loss. Coverage includes:
- Social Engineering Sublimit
- Fraudulent Funds Transfer
- Ransomware/Extortion
- Business Interruption
- Data Breach/Privacy
- Network Security
- Media Liability
In addition to the seven coverage parts provided under the PIA cyber insurance policy, PIA and ABAIS have worked with Great American Insurance Company to provide PIA agents with reduced rates compared to ABAIS’s standard program for social engineering coverage as well as the following policy enhancements:
- Expanded definition of multimedia wrongful acts – unauthorized use of website links, frames, formats, fonts, style, characters, titles
- Coverage for HIPAA fines
- Extended notice of Data Compromise (data breach event) from 5 to 30 days
- Extended notice of Claim from 60 to 90 days after the end of the Policy Period
- Extended notice of Non-Renewal from 60 to 90 days in advance of the Policy Expiration
For more information on our Cyber program, call (800) 555-1742.
To request a quote, click here.
For general PIA inquiries, call (317) 899-9200.
To request a quote, click here.
For general PIA inquiries, call (317) 899-9200.
