NAS Insurance Services Enhances Cyber Liability Insurance Product

September 10, 2014

NAS Insurance Services, an underwriting manager of specialty insurance, has introduced its new suite of cyber liability insurance services to respond to the growing needs of businesses facing constant threats of privacy and security breaches.

NAS has added enhancements to its NetGuardPlus cyber liability policy and related services. Policyholders now have the option to purchase breach response coverage based on the number of customer records they wish to insure, reducing their concerns about the costs of customer notification and credit monitoring. In addition, the cyber liability policy now may be endorsed to include dependent business interruption insurance that covers a business’ loss of income should its essential technology vendors go down and thus impact the policyholder’s operations. The NAS cyber policy also includes BrandGuard that covers lost revenue in the event a cyber attack generates unfavorable media reports about the company and impacts the brand’s reputation.

The enhanced services also include simplified online quoting and issuing of cyber policies NAS’ updated Cyber Risk Management website for policyholders, and cyber liability sales support site for agents.

NAS is a full-service specialty insurance underwriting manager that provides product development, underwriting, marketing, risk management, and claims handling. NAS insurance products and programs are distributed through brokers and as tailored products for mutual insurance carriers.

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