Big "I" Markets, the online market access system available exclusively to Big "I" members, has partnered with Coalition, the leading technology-enabled cyber insurance solution, to give agents access to the cyber and technology errors & omissions insurance markets.
The coalition is the first insurance-enabled technology firm built to help businesses before, during, and after a cyber incident. During the online quoting process, your client's network and web properties undergo an automated risk assessment to identify known issues and potential security weaknesses.
Once coverage is bound, Coalition provides ongoing monitoring for new and emerging threats specific to the information technology used by the insured, adding an extra layer of defense. All policies include this technology-driven approach which includes automated alerts, threat intelligence, and ongoing policyholder monitoring along with dedicated claims and security teams should a breach occur.
Through the Big "I" Markets platform, any Big "I" member agency can quote and bind insurance online. Big "I" members also have direct access to Coalition's licensed agents and renowned cybersecurity experts via online chat throughout the sales and underwriting process. Watch our brief Coalition cyber insurance overview video and a demonstration of our streamlined cyber submission process to see how the quoting process works.
The coalition is now admitted in many states providing agents with a
one-stop-shop to place coverage for small businesses as well as the most complex
risks in the surplus arena. Limits up to $15M are available to U.S. risks
generating less than $1B in revenue/gross profit.
Log in to www.bigimarkets.com and select Cyber Insurance - Coalition. Valuable resources such as a Cyber Declination form, Claims Examples, Coverage Examples, and What is MFA? can be found in the Product Resources section. Don't delay, login today!
Every business collects personal identifiable information (PII) like email addresses, phone numbers, credit card information, and more, and all of it creates a cyber liability exposure.
Imagine your commercial client loses a laptop or business smartphone, or one of its customers calls to say their credit card was improperly used after visiting your client's establishment. Who does that small business turn to now?
The answer: Big "I" Markets. $200 solves this issue for most small businesses with fewer than 50 employees that is if their independent agent has offered coverage through the Big "I" Markets Cyber Small Business Solution.
Questions? Log in to Big "I" Markets and select Cyber Liability Small Business Solution from the Commercial Products menu or email Carla McGee.