Great American Insurance Group has launched its new admitted cyber risk insurance product.
In a statement, the company explained that the new product has two insuring agreements and 13 exclusions.
According to Betty Shepherd, divisional senior vice president of Great American's cyber risk business, "the product is easy for agents to explain, and easy for insureds to understand.
"Traditional cyber products can get complicated quickly," Ms. Shepherd noted. "Great American's cyber product is designed for small and medium-sized businesses, and we've worked hard to keep it simple."
The policy has limits up to $5 million available to companies with up to $250 million in annual revenue and is available to a broad range of targeted classes.
Learn more: www.GreatAmericanInsuranceGroup.com.
Victoria Spears
Victoria Prussen Spears is senior vice president of Meyerowitz Communications Inc., a law firm marketing communications consulting company. A graduate of Sarah Lawrence College and Brooklyn Law School, Ms. Spears was an attorney at a leading New York City law firm before joining Meyerowitz Communications. She may be contacted at [email protected].