Main Street America Launches Commercial Lines Cyber Risk Coverage

The Main Street America Group has launched a cyber risk protection offering designed for “Main Street” businesses in 19 states across the country.

The coverage, available through Main Street America’s Main Line Business Owners Policy (Main Line BOP), is currently available via the super-regional property/casualty insurance carrier’s independent agents with Main Line BOP writing authority in Arizona, Connecticut, Delaware, Indiana, Georgia, Maine, Maryland, Massachusetts, Michigan, Minnesota, Mississippi, North Carolina, Nevada, Pennsylvania, South Carolina, Tennessee, Utah, Virginia and Wisconsin. Over the next few months, coverage will be launched in eight additional states.

The coverage offered through Main Street America addresses several data privacy exposures, including identity recovery, data compromise and damage to data systems.

According to Dan Gaynor, Main Street America’s vice president/head of commercial, the data compromise coverage is designed to help businesses notify and assist their clients and others following a breach of personal identifying information. Response expense coverage covers the cost of notifying clients, employees and others affected by the breach. Additionally, it provides coverage for specialized services such as credit monitoring and identity restoration that helps businesses retain their clients’ and employees’ trust and goodwill following a breach.

Main Street America’s CyberOne data systems coverage protects a commercial entity against damage to electronic data and computer systems from a virus or other computer attack. It also protects a business’ liability to third parties that may have suffered damage due to security weaknesses in the business’ computer systems. In addition, it provides coverage defense and liability costs for an insureds’ systems security failure, including breach of third party business information.

The Main Street America Group is a mutual insurance holding company which writes business through its nine property/casualty insurance carriers: NGM Insurance Company, Old Dominion Insurance Company, Austin Mutual Insurance Company, Grain Dealers Mutual Insurance Company, Main Street America Assurance Company, Great Lakes Casualty Insurance Company, MSA Insurance Company, Spring Valley Mutual Insurance Company and Main Street America Protection Insurance Company. Based in Jacksonville, Fla., Main Street America offers commercial and personal insurance, as well as fidelity and surety bond products, to individuals, families and businesses throughout the United States.