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Cyber Liability



What Would You Do If Your Agency Had A Data Breach?
 

80% of businesses fail to recover from a breach because they do not know this answer. Responding to a breach is a complicated process that requires the assistance from many different professionals. Failure to notify the effected individuals "without unreasonable delay" could cost your agency up to $1,500,000 in fines from government agencies. Add this to the $200,000 average cost to comply with notification laws, the legal liability, and the reputational harm caused by the breach, and you can quickly see how this exposure can be devastating to your agency.

Big I New Jersey has partnered with Arlington/Roe & Co., Inc. to offer our members an exclusive program to help protect their agencies from information security breaches. This program is a holistic risk management process that will help train your staff on privacy compliance in addition to handling data breach notification and third party suits. 

This program offers the following benefits:

  • Available to Big 'I' members only (member are pre-qualified for enrollment*)
  • Up to 50% off premium
  • No encryption requirement
  • HIPPA compliance tools
  • Step-by-step procedures for compliance
  • Newsletters
  • Data breach coach to help with notification
  • Forensic investigators
  • Privacy counsel
  • Call center
  • Credit restoration services
  • Online compliance materials
  • Staff training programs
  • Expert online support
  • Regulatory fines and penalties
  • Public Relations firms
  • Notication cost outside limit of liability
  • Credit monitoring
  • Security & privacy liability

*Some restricitons apply. Agencies over $10M in revenue, over 50% of benefits or with prior losses need to be underwritten.​


DownloadIcon.jpgFor Additional Information, Download the Following Brochures:

Data Security Risk Management

PE Data Breach

​BBR Enhancements

BBR Post Breach Factsheet

BBR Post Breach Remedial Services​​

The below New Jersey Breach Quotes grids are available for agencies to easily determine premiums based on the limits you choose. Please note you must be logged in to view these grids. 

Agency Revenue to 1M

Agency Revenue - 1M - 2M

Agency Revenue - 2M-3M

Agency Revenue - 3M-4M

Agency Revenue - 4M-5M

Agency Revenue - 5M - 6M

Agency Revenue - 6M - 7M

Agency Revenue - 7M - 8M

Agency Revenue - 8M - 9M

Agency Revenue - 9M - 10M


To Apply:

Complete the below application and return, along with a check
payable to IIANJ Marketing Programs,
Inc., to Big I New Jersey at 2211 Whitehorse-Mercerville Road, Trenton, NJ 08619.

Agencies with revenues 5M and over should complete and return the application for a quote.

NJ BBR Application​ 

For more information, contact:

Amy Rizer, arizer@biginj.org, 609-587-4333​



Big I New Jersey members now have access to Coalition through the exclusive Big I Markets online market access system. Coalition, the leading technology-enabled cyber insurance solution, offers agents powerful entry to the cyber and technology errors & omissions insurance markets. 

Coalition is the first insurance-enabled technology firm built to help businesses before, during and after a cyber incident. During the online quoting process, the insured's network and web properties undergo an automated risk assessment to identify known issues and potential weaknesses in the insured's security posture. 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 a dedicated claims and security team should a breach occur.

​With the addition of Coalition to its product lineup, Big “I" Markets now has a complete range of admitted and non-admitted cyber insurance offerings, from automatic-issue, admitted policies for small business to the most complex risks needing flexible forms and underwriting in the surplus lines arena. Big I New Jersey members can register online and begin submitting business via the Big “I" Markets platform. There are no access fees, no volume commitments and agents own their expirations.