Abram Interstate Insurance Services, Inc., CMGA

Helping Independent Insurance Agents Since 1996

Calculate Their Risk | Cyber Liability Insurance Product Highlight

Published on April 19, 2016

shutterstock_327567212Do you ever shop online or use your credit card to purchase things in person? Do you sign up for accounts using your personal information? Have you ever had to cancel your credit card because of fraudulent charges? Have you been involved in a class action lawsuit? Chances are you answered yes to one or all of those questions.


We live in a cyber age which offers loads of convenience, but also involves inherent risk. No matter if a business is a small mom and pop operation on the corner or a large department store flooded by holiday shoppers, cyber risks are real and pervasive, and they have a huge exposure risk for any business owner.


Cyber Liability Insurance exists to protect those business owners in case of a cyber breach. For your insurance customers who own businesses, cyber liability insurance is a must-have, though it can be hard to help them understand their risk if they choose to do business without it.


For starters, there are 3 types of exposed data:

  • PCI – Payment Card Information  (credit and debit card information)
  • PHI – Personal Health Information (think HIPAA, health records)
  • PII – Personally Identifiable Information (Zip code, email address etc.)  CA has the most broad definition of PII in the country.
  • Most breaches expose PCI and PII. 

You can use this Risk Calculator to help your clients understand just how great their exposure really is.

Let’s take a business that has 1,000 customers’ credit card information. What would it cost if that data was stolen? This calculator helps you to see the full breakdown of exposure and see that the bottom line cost of that breach is $689,785. That’s definitely an exposure worth ensuring against, and this calculator can help your customers see that for themselves. It’s just not worth risking doing business without the Cyber Liability Coverage they could have.


Cyber Liability Insurance Highlights:

  • Minimum premiums starting at $925
  • Retentions start at $2500.
  • Separate aggregate limit of liability per Coverage Part with option to combine into one aggregate limit.
  • Data Breach, Website Liability and Identity Theft expense paid as incurred.
  • Free access to a eRisk Hub Cyber Liability web portal, webinars & newsletter.
  • Security of an insurance carrier rated A++ by A.M. Best

Take care of your customers.

Quote Cyber Liability Insurance Online



Abram Interstate Insurance Services, Inc. is a California wholesale insurance broker (CMGA) that has licensing and expertise to place business in both admitted and non-admitted markets for personal lines insurance and commercial lines insurance in California and surrounding areas.

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