Cybersecurity and the Agent

As a trusted guardian of your members’ personal and health information, protecting data in the age of cyber insurance is crucial. Independent agents are some of the most common targets for cybercriminals who target data to sell, hold for ransom, or exploit for monetary gain.  

The Centers for Medicare & Medicaid Services (CMS) is reminding providers and suppliers to stay current with best practices regarding cybersecurity attacks.

At CareValue, we make cybersecurity a priority. That’s why we partner with Crum & Foster to protect our agents from cyber liability.  

Crum & Foster has developed a simple cyber insurance policy—Simple Cyber—that provides broad protection for existing and evolving cybersecurity risks. In addition to financial protection, they also provide important services to help protect your firm with assistance to help you identify core cyber security practices and extends to 24/7 access to the Crum & Forster Cyber Assistance Center, so you have access to immediate help if something does go wrong.

Why Crum & Foster?

Their commitment to the communities they serve aligns with CareValue’s own mission of helping members get the right benefits at the right price and supporting you as you grow your business. Crum & Foster is recognized for excellence in the insurance industry for their:

• Financial Strength rating by A.M. Best of A “Excellent” 
• Part of Fairfax Financial Holdings with revenue in excess of $15B 
• Flexible underwriting approach 
• Dedicated and responsive underwriting team 
• Customer service-based culture applied to everything we do 
• Prompt new business quotes and early renewal indications 
• Claims specialization

A Range of Coverage Highlights To Protect Agents

The cost of a cyber event could be significant, even for independent insurance agents. Crum & Foster’s comprehensive modern cyber insurance offers:

• $0 retention for legal and computer forensic services
• Cyber Liability coverage including Payment Card Industry (PCI) liability and Regulatory Defense/Penalties coverage.
• eCrime/social engineering loss limits up to $250,000.
• Business interruption coverage including systems failure.
• 24/7 access to the Crum & Forster Cyber Assistance Center.
• First party coverage for ransomware and other cyber-extortion threats. 

Providing cyber insurance through Crum & Foster to protect agents from cyber crimes is just one of the ways CareValue supports our agents' growth and successes.

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