Franchisor Sponsored Cyber Insurance for Franchisees
Offered by Miami Specialty Risk
Cyber Cyber Liability Cyber RiskDescription
- Maximum Limit: $2M per occurrence/ aggregate
- Minimum Deductible: $2,500
- Minimum Premium: $500
Coverage Highlights:
• Full first and third party cyber coverage for Franchisee-controlled Computer System
• Affirmative coverage for PCI fines, penalties, and assessments
• Optional coverage for Breach Response expenses outside the limit
• Franchisor granted vicarious liability coverage for breaches caused by the franchisee
• Customer attrition loss (coverage for unusual business churn following a breach event)
• Customer attrition mitigation coverage sub-limit
• Coverage for value of compromised Gift/rewards cards
Franchisees will receive significant discounts for participating in this program.
Details
Carrier Information
Lloyds of London
Non-Admitted
Rating A+
Rating By A.M. Best
Listing Contact
Mary Guzman Managing Director, Cyber and Technology Division
Offered By
Availability 50 states + DC
Covered
Not Covered
