NAM Cyber Cover
NAM CYBER COVER PROGRAM
Helping manufacturers stay proactive about cybersecurity
EXCLUSIVE CYBER RISK MANAGAMENT
Fortify your digital footprint with a premier cyber program
breaches, destruction of data, network failure and regulatory change increases, the need for cyber insurance grows in direct proportion. The Baldwin Group takes a different approach to cyber liability insurance than traditional insurance brokers. We work hand in hand with numerous cybersecurity consultants and experts to provide our clients with proactive loss control services and use insurance as a final means of risk transfer.
With our national footprint and experience, we have negotiated competitive rates with select attorneys, cybersecurity firms and other loss control providers to simplify the regulatory compliance process and create customized insurance solutions for a variety of industries.
Cybercriminals take advantage of electronic communication remaining at the forefront of how businesses operate — leaving businesses vulnerable to:
- Security breaches leading to release of confidential data, such as Personally Identifiable Information (PII), Protected Health Information (PHI) or Payment Card Industry data (PCI)
- Theft of valuable business information, such as customer lists, trade secrets or electronic business assets
- Costs for notification to impacted parties, along with associated expenses to remediate loss (i.e. credit monitoring)
- Business interruption causing loss of profits and additional expenses during downtime
- Introduction of damaging malicious computer codes or malware
- Extortion from hackers
- Liability from lawsuits
- Reputational harm
SPECIALIZED SERVICES AND SOLUTIONS
Empowering resilience with a customized approach
As the awareness of cyberattack severity continues to increase, the insurance industry has responded with an evolution of specific coverages to address cyber liability. Most policies are written on a modular basis but are not standardized and can vary significantly from one insurer to another.
Through our selected partners, we offer the following services and solutions for our clients:
- Internal policy assessment
- Employee awareness training and internal distribution content
- M&A due diligence
- Supply chain risk identification
- Procurement and contract review
- Catastrophic modeling and loss quantification
- Intrusion detection
- Penetration testing
- Administration of phishing examinations
- External network traffic monitoring
- Tech E&O / Professional Liability
- Third-party coverage
- Financial injury to a third party caused by errors in your product or negligence in your provision of services
- Data Privacy Liability
- First or third-party coverage
- Privacy remediation expense
- Privacy regulatory defense costs
- Privacy regulatory fines and penalties
- Network Security Liability
- First or Third-party coverage
- Business interruption
- Data restoration
- Cyber extortion
- Media Liability
- Third-party coverage
- Advertising and Personal injury
- Infringement of copyright or other intellectual property
“We have carried cyber liability for a number of years, however, we never really had a complete grasp on what we had purchased until we were referred to The Baldwin Group’s cyber team. They did a great job of bridging the gap between the technical aspects of cybersecurity and our insurance program. We are far more confident in the program we have in place and its ability to respond if called upon.”
-HEALTHCARE CLIENT
New York, NY
CYBER COVERAGE
Effectively protecting your business and employees
Already have a cyber liability program in place?
Given the breadth of expertise cybersecurity and cyber liability insurance require, make sure you have a thorough understanding of the program as a whole and how it will respond in claims scenarios. Our professionals will assess your existing program and make recommendations where needed to help ensure you’re covered from all angles.
Need to put a cyber liability program in place?
It’s important to understand the nuances of risks that manufacturers face and what the most effective solutions are to manage, mitigate, and respond to them. Our professionals in this space have trusted relationships and international reach — giving them immediate access to claims professionals at each of the top insurers in the industry.
Our contracted cyber liability insurers represent a combined capacity of $1B+.
Connect with a cyber advisor today
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THE BALDWIN GROUP INSIGHTS
Stay in the know
Our experts monitor global events and the insurance industry to provide meaningful insights and help break down what you need to know, potential impacts, and how you should respond.
Enhance your cybersecurity program with NAM Cyber Cover
When you decide to partner with us, you choose to protect your business and its people with this exclusive program for manufacturers.