Cyber Liability & Data Breach Insurance

Technology is changing how volunteer boards manage their Associations. Associations can be soft targets for hackers, criminals and those with malicious intent. Association volunteer leaders can be their own worst enemies. They often fail to heed the words of Benjamin Franklin, “an ounce of prevention is worth more than a pound of cure.” Unfortunately for fiduciaries, ignorance cannot be bliss. As community association insurance and risk management specialists, MPA has partnered with a carrier and its experienced and tested vendors to prepare you for, and get you through this rapidly changing complicated maze.

Have questions? Contact Patty Satayathum for more information.

Cyber Liability & Data Breach Application

Cyber Liability & Data Breach Brochure

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Special Event Insurance

Product Details

ELIGIBLE "NOT FOR PROFIT" CLASSES

  • Condominiums
  • Single Family HOAs
  • Cooperatives
  • Masters
  • Property Owners
  • Commercial
  • Timeshares
  • Townhomes
  • Mixed Use

PRODUCTS/LIMITS

  • Cyber Liability Insurance & Data Breach Response Services: $250,000/$250,000, $500,000/$500,000, $1MM/$1MM

CARRIER

  • A.M. Best “A” Rated Carriers / Admitted Paper

TERRITORY

Admitted in 48 States (Non-Admitted in New York and Michigan)

SPECIAL FEATURES/COVERAGES

Liability Defense & Indemnity

  • Information Security and Privacy Liability
  • Regulatory Defense and Penalties
  • Website Media Content Liability
  • PCI Fines, Expenses and Costs

Privacy Breach Response Services

  • Notification Costs
  • Credit Monitoring
  • Legal Services
  • Computer Expert Services
  • Public Relations and Crisis
  • Management Expenses

TO OBTAIN QUOTES

Agents may submit Acords, COPE/SOV schedules, or supplementals they have on file for initial pricing from McGowan Program Administrators. Firm quotations are subject to receipt of the following:

  1. A fully completed application and any supplemental applications that may apply.
  2. Three years of currently-valued (generated within the past six months), hard copy loss runs.

TO BIND COVERAGE

The following items are required in order to bind coverage:

  1. A written request to bind on or before the effective date.
  2. A fully completed application and any supplemental applications that may apply.
  3. Three years of currently-valued (generated within the past six months), hard copy loss runs.
  4. Underlying declaration pages including forms, limits, and schedules of locations/insureds.

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