Cyber Protection for Your Clients
62% of Cyber Attacks Hit Small and Mid-sized Businesses. Many small business owners may not think they need cyber liability coverage, but small businesses are extremely vulnerable to security threats. That’s why PIA is excited to announce that PIA members are now able to sell PIA cyber insurance to their clients!
PIA and ABAIS Insurance Services have worked with Great American E&S Insurance Company (rated A+ by A.M. Best) to create a cyber insurance program exclusively for PIA members to sell to their clients.
PIA’s cyber insurance is the first cyber insurance program tailor-made for small and medium-sized businesses. The PIA enhanced cyber insurance policy covers both first- and third-party loss for the most common cyber risks such as social engineering, funds transfer fraud, ransomware, network interruption, data breach, network security, and media liability. In addition to the seven coverage parts, PIA members’ clients are provided with special PIA enhancements and reduced rates compared to ABAIS’s standard program for social engineering coverage.
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.
- Direct bill (agency bill available)
- Sales commission: 12.5%
Protect Your Clients with PIA's Cyber Insurance Program
Members may also purchase the same cyber insurance for their agency through PIAK.