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 assistance from many different
professionals. Failure to notify the
affected 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.
Independent Insurance Agents of Kentucky 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 3rd party suits. This program offers the following benefits:
*some restrictions apply. Agencies over $5M in revenue, over 25% benefits or with prior losses need to be underwritten.
To view full list, please login as a member
Arlington/Roe Program AdministratorPh: 800.878.9891 Ext. 8732
Insurance Services Director
502.245.5432 EXT: 102