Water entities can now obtain best-in-class cyber liability and network security insurance protection at affordable and stable rates through CalMutuals JPRIMA.
CalMutuals JPRIMA’s experienced claims team of privacy attorneys, data forensics experts, and crisis managers stands ready to help before, during and after a covered event.
Our A.M. Best Rated A-XV (Excellent) carrier partner is one of the country’s major insurance writers of cyber liability and network protection and will support CalMutuals JPRIMA in offering policy options with $1 million or $50,000 of Ransomware coverage.
Access to our insurance program will require completion of an abbreviated application as well as favorable answers to select underwriting questions. CalMutuals JPRIMA recommends enrollment with our partner, NetSecure™, the cyber security division of Alvaka, a prominent California based MSP. Having members computers up-to-date will vastly improve security and substantially reduce breaches caused by software vulnerability.
Why You Need It
Given the pervasiveness of computer hacking into businesses and government agencies, more and more organizations are purchasing cyber insurance to manage the risk of losses arising from ransomware, malware, and data breaches.
Cybercrime is a lucrative criminal enterprise with no signs of stopping, and some estimate the annual global costs of cyber-attacks may double that of natural disasters. As cyber-attacks on water systems have public health consequences, regulators are pondering IT security standards on water purveyors and others to protect drinking water safety.
Purchasing CalMutuals JPRIMA cybersecurity insurance today helps manage that risk while adding valuable tools to help protect your system.
Download the brochure . . .
What You Get
Overages and enhancements include:
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- Ransom Payment
- Data & System Recovery
- Business Interruption & Extra Expense
- Moonlighting Activities of State-Based Actors
- Reputation Harm
- Cyber Event
- Privacy & Network Security
- Regulatory Fines & Penalties
- Payment Card
- Media Liability
- Business Interruption from Suppliers
- Bricking Costs
- Crypto Jacking
- Proof of Loss
Requirements for $1 Million of Ransomware Protection
Applicants With Revenue Under $1m
Single loss related question to qualify.
Between $1m And $30m
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- Secure remote access to your IT network with a minimum of 2FA.
- Air gap between your IT and Operational Technology system environments. Exceptions made for SCADA and other testing/maintenance.
- Back-up data stored in an environment that is completely separate to your network and tested at least every 180 days for integrity.
- Regularly updated (at least once a week) commercial grade firewall at all external gateways of your network.
- Regularly updated (at least once a week) commercial grade antivirus application across your entire network, including endpoints and servers.
Greater Than $30m
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- Secure remote access to your IT network with a minimum of 2FA.
- Air gap between your IT and Operational Technology system environments. Exceptions made for SCADA and other testing/maintenance.
- Regularly updated (at least once a week) commercial grade firewall at all external gateways of your network.
- Regularly updated (at least once a week) commercial grade antivirus application across your entire network, including endpoints and servers.
- Data back up that is necessary to run your facility at least every (seven) 7 days.
Policy limits will apply separately per member, will be $1 million. The minimum deductible will be $5,000.
JPRIMA Insurance Administrator:
Allied Public Risk, LLC California d/b/a: Allied Community Insurance Services, LLC
California License #: 0L01269
National Producer #: 17536322
Attn: Paul Fuller, CPCU
pfuller@alliedpublicrisk.com
Telephone: (415) 205 – 8648
1370 North Brea Blvd., Suite 235
Fullerton, CA 92835
