Member Services for IIAG

Home » Big "I" Markets » The Scary Spectre of Cyber Risk

The Scary Spectre of Cyber Risk

RSS Member Services for IIAG

  • DRONES WEBINAR TAKES FLIGHT JUNE 22nd – Learn about insurance issues involving drones May 31, 2016
    Drones AKA Unmanned Aerial Vehicles Presented by John Eubank, CPCU, ARM and Bill Wilson, CPCU, ARM Wednesday, June 22, 2016 from 1:00 – 3:00 p.m. ET One of the fastest evolving insurance issues in recent years involves drones. From a non-issue to the presence of millions of hobby and commercial drones, this exposure has taken … Continue reading →
    amcelhannoniiag
  • New Resource Area Now Available in the Virtual University May 25, 2016
    Earlier this year, the Big I board approved development of a new area in the Big IVirtual University (VU) to provide members with information about finding, hiring and developing new talent for their agencies. This area is now live in the VU and will continue to expand as we curate more resources. We invite you … Continue reading →
    amcelhannoniiag
  • How to be A Superhero for Personal Lines Clients May 25, 2016
    Most of your personal lines clients don’t need you to be faster than a speeding bullet or to leap tall buildings in a single bound. However, they do need smart insurance protection, and there’s one area in which they are particularly vulnerable: JEWELRY. If you’re protecting your clients’ jewelry collections with their HO/renters insurance policies, … Contin […]
    amcelhannoniiag
  • Close More Sales with MiddleOak Coverage Checklists May 25, 2016
    Getting clients to think about comparing things other than coverage limits and price is difficult. Even when it seems like they are taking everything into account, you often are not sure that they even “get it.” Since making the intangible tangible is what we do all the time, we offer two checklists to help your … Continue reading →
    amcelhannoniiag
  • Turning Your Retirement Questions Into Answers May 12, 2016
    Having trouble deciding which retirement plan is right for you or your agency? Big “I” Retirement Services is here to help you choose which plan best meets your circumstances. We’ve worked with more than 1,000 agencies to help them achieve their retirement goals.   IIABA Support   With over 25 years in the retirement business, … Continue reading → […]
    amcelhannoniiag
  • 3 Ways to Compensate Personal Lines Producers May 6, 2016
    Contributed Article by Jacquelyn Connelly, Senior Editor of IA Magazine. If you’re like most independent agencies, you’ve got commercial lines producer compensation down to a science. But chances are you can’t say the same about personal lines. Al Diamond, president of Agency Consulting Group, Inc., works with myriad agencies on the issue of personal lines … […]
    amcelhannoniiag
  • How to Build a Relationship with an Online Buyer Through TrustedChoice.com April 19, 2016
    Category: Trusted Choice® ​ goo·gle – /’goog(Ə)l/ verb – google; 3rd person present: googles; past tense: googled; past participle: googled; gerund or present participle: googling search for information about (someone or something) on the Internet using the search engine Google. “I recently googled my 7th grade teacher and found his current e-mail address”   […]
    amcelhannoniiag
  • Big “I” Markets – An Inside Look at April 2015 NFIP Changes March 11, 2015
    By Cassie Masone – Selective Insurance Company, Vice President of Flood Operations Selective Flood Releases Bulletin on HFIAA Changes The tides are changing. Due to increasing catastrophic events and resultant rising expenses, Congress has passed numerous updates to help stabilize the National Flood Insurance Program over the last several years, including re […]
    amcelhannoniiag
  • Big “I” Markets – Webinars February 25, 2015
    Competing with Direct Sales & Captive Agency Insurers in Personal (and Commercial) Lines March 25, 2015; 1:00 to 4:00 p.m. Eastern Time $79 – Click here to register. Are you tired of all the insurance commercials that shout “Price! Price! Price!”? Are you sick of the silly claim that someone’s exposures to loss can be … Continue reading →
    amcelhannoniiag
  • Big “I” Markets – Hot and Cold HomeScanSM February 25, 2015
    The sound of water running all the time or a sudden increase in the water bill can indicate a plumbing leak. Signs of mold or mildew smell in an area that doesn’t get wet, spongy floors or walls, a sagging roof or cracked foundations can be plumbing or exterior water getting in where it’s not … Continue reading →
    amcelhannoniiag
May 2013
S M T W T F S
« Apr   Jun »
 1234
567891011
12131415161718
19202122232425
262728293031  

Enter your email address to follow this blog and receive notifications of new posts by email.

Join 124 other followers

How much does a lost laptop cost? $500? $1,500? The Billion Dollar Lost Laptop Study (Ponemon Institute and Intel Corp., December 2010) concluded that 46% of lost laptops contained confidential data. Of that 46%, only 30% of those systems were encrypted, and only 10% had other anti-theft technologies. The average value of a lost laptop is $49,246, and the data breach costs represent 80% of the total cost of a lost laptop compared to 2% for replacing the computer.

Luckily for your clients, you have access to CyberFirst Essentials® – Small Business through Travelers Express® for Master PacSM.

CyberFirst Essentials – Small Business is a new coverage available across all business segments which offers Information Security Liability and Breach Essentials. This means liability coverage for a claim or suit when the insured fails to protect identity information from being accessed, and reimbursement for expenses incurred by the insured as a result of a security breach, i.e. costs to notify affected individuals as well as credit card monitoring.

With just a few simple underwriting questions, this coverage is available for quote-to-issue in conjunction with all your Master Pac polices.

With a wide range of limits and competitive pricing, CyberFirst Essentials – Small Business is a simple solution that offers extensive coverages that small businesses need.

Click here to view a full highlight sheet. Understand and offer the coverage, then log into www.bigimarkets.com, select the Travelers Select Accounts product and request the product as an endorsement.

While we’re talking cyber risks, now is a good time to ensure your own agency is sufficiently protected. The Big “I” Professional Liability program not only offers data breach coverage but Swiss Re Corporate Solutions policyholders can access additional risk management resources for your agency at www.iiaba.net/EOHappens, an exclusive web site which offers articles and other protection resources. For example, Swiss Re Corporate Solutions policyholders may access a recording of the recent sellout webinar “Managing Agency E&O Exposure to Data Breaches and Cyber Liability” by clicking here.

Need Stand Alone Cyber?

Big “I” Markets also has standalone Cyber Liability and Security form a variety of markets via the A.J. Wayne and Associations. They can entertain all types Cyber Liability/Privacy & Security Insurance where a stand lone policy is appropriate. Go to Big “I” Markets and look for “Cyber Liability & Security” in the Insurance Products menu.

Andrew McElhannon is the Member Services Coordinator for the Independent Insurance Agents of Georgia www.iiag.org, and can be contacted at: amcelhannon@iiag.org or b y phone at 770-458-0093, x.110, or 800-878-6487.


Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

%d bloggers like this: