Cyber Insurance
Small Business Solution

 

Coverage Details


The RGS Small Business Solution

  • $250,000 or $1,000,000 cyber liability annual limit

  • $250,000 limit - annual premium $495.00
    $1,000,000 limit - annual premium
    • $0 - $999,999 revenue - $2,360
    • $1,000,000 - $4,999,999 revenue - $2,528
    • $5,000,000 - $9,999,999 revenue - $4,105
    • $10,000,000 - $24,999,999 revenue - $6,910


  • $2,500 annual deductible

  • Claim reporting requirement - within 60 days upon becoming aware of a suspected or actual breach

  • Defense & settlement or judgment related to a civil proceeding or investigation for an actual or alleged violation of any privacy regulation (PII data) brought on behalf of any federal, state, or foreign governmental agency including: (per policy terms and conditions)

  • Regulatory fines & penalties (including PCI) Mandatory forensic examination
    • PCI re-certification services to re-certify compliance with PCI Security Standards
    • Cyber Extortion including Ransomware - $1,000,000
    • Website Media - $1,000,000
    • Business Interruption - $1,000,000 - 8 hour waiting period applies Data Recovery Expense - $1,000,000
    • Crisis Management and Fraud Response Expense - 24/7 breach response team:
      • Preparing notification to breach parties
      • Call center
      • Design and implementation of website for advising breach parties
      • Credit monitoring
      • Public relations
      • Associated legal expenses


  • Sub-limits
    • Telecommunications Theft - $100,000 sub-limit
    • Social Engineering Fraud - $100,000 sub-limit
    • E - Theft - $100,000 sub-limit


  • Acceptance provided a business fits within the program guidelines and is not aware of an existing breach or has suffered a breach in the past five years

  • Easy enrollment - only requires a signed acknowledgement form attesting to eligibility under program guidelines.

  • This is a brief coverage summary, not a legal contract. The actual policy wordings should be reviewed for specific terms, conditions, limitations, and exclusions that will govern in the event of loss.

    For additional information, please contact 1-888-747-8220 Ext. 805


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