Franchisor Sponsored Cyber Insurance for Franchisees

Offered by Miami Specialty Risk

Cyber Cyber Liability Cyber Risk

Description

Coverage: Cyber coverage for privacy and security breaches not caused by the Franchisor or its third party service providers.

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

$2M Maximum Limit

$1M Minimum Limit

Has Pen

Appointment Required

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

Miami Specialty Risk

3 listings in 50 states + DC

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Availability 50 states + DC

Alabama Alaska Arizona Arkansas California Colorado Connecticut Delaware District of Columbia Florida Georgia Hawaii Idaho Illinois Indiana Iowa Kansas Kentucky Louisiana Maine Maryland Massachusetts Michigan Minnesota Mississippi Missouri Montana Nebraska Nevada New Hampshire New Jersey New Mexico New York North Carolina North Dakota Ohio Oklahoma Oregon Pennsylvania Rhode Island South Carolina South Dakota Tennessee Texas Utah Vermont Virginia Washington West Virginia Wisconsin Wyoming

Covered

Not Covered

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