Between 2005 and 2010, more than 350 million personal records were exposed in reported data breaches alone. Those numbers include data, privacy and security breaches by cyber-criminals accessing sensitive company and customer information, as well as exposure from lost or stolen laptops, thumb-drives, or other mobile data storage devices.
The companies of the Utica National Insurance Group and the independent insurance agents representing them are offering coverage to for small businesses in the event of a data, privacy or security breach. Utica has introduced its new Cybersurance endorsement, affording protection to businesses with 25 employees or fewer, on commercial package policies (CPP) and business owners policies (BOP). The endorsement is also available for independent insurance agents themselves through Utica’s Agents’ errors & omissions insurance program.
Utica National has partnered with Identity Theft 911, a consultative provider of identity and data risk management, resolution and education services, to provide businesses with data breach services which includes services before, during and after a breach. Services include incident response planning, breach severity assessment, assistance with notifications and meeting federal and state regulatory requirements, protecting affected customers and employees, and more.
“Big businesses are no longer the sole target for cyber attacks as the focus has shifted to small and midsize companies which are often unprepared and unprotected,” said Matt Cullina, CEO, Identity Theft 911.
Utica’s Cybersurance is available for businesses through independent insurance agents representing Utica National. Independent insurance agents can learn more by contacting their state’s agents’ association that handles the errors & omissions program for Utica National.