RPS Technology & Cyber - Risk Placement Services€¦ · “RPS Technology & Cyber has been an...

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RPS Technology & Cyber

Transcript of RPS Technology & Cyber - Risk Placement Services€¦ · “RPS Technology & Cyber has been an...

Page 1: RPS Technology & Cyber - Risk Placement Services€¦ · “RPS Technology & Cyber has been an excellent resource for our agency. Their fast, professional service is second to none

RPS Technology & Cyber

Page 2: RPS Technology & Cyber - Risk Placement Services€¦ · “RPS Technology & Cyber has been an excellent resource for our agency. Their fast, professional service is second to none

Why Choose RPS Technology & Cyber?• Expertise from nationally-recognized brokers in Cyber Risk, Technology E&O

and exclusive Executive Liability and Professional Liability products• A-rated (or higher) admitted and non-admitted markets for risks in all 50

states • Access to exclusive online products for difficult-to-place risks such as

Architects and Engineers and Real Estate Appraisers• Customized Cyber Risk program development for complex accounts• Direct access for client meetings and presentations to help improve close

ratios• Exclusive endorsements that create true product differentiation• Access to the only rate/quote/bind multi-carrier online platform for Cyber

Risk insurance

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Cyber Risk ExpertiseRPS Technology & Cyber leverages significant premium volume with dozens of admitted and non-admitted Cyber insurance markets though open brokerage, as well as access to our RPSSmallBusiness.com portal for small to mid-size Cyber risks for clients in a variety of sectors:

• Financial

• Healthcare

• Retail

• Education

• Public Entity

• Not-for-Profit

• Hospitality

• Legal and other Professional Services

Coverages• Privacy Liability

• Network Security Liability

• Media Content Liability

• Notification Expenses

• Reputational Damage

• Crisis Management/P.R.

• Cyber Extortion

• Business Interruption

Experience• RPS has developed proprietary coverage endorsements

for Cyber policies

• RPS has the ability to construct complex coverage towers for larger risks with higher limits

• RPS has created Cyber policy structures to address corporate organizations and their distribution channels of contractors or franchisees

• Speaking engagements at national Cyber Risk conferences

• Authors of national Cyber Risk articles, white papers and presentations

Rate/Quote/Bind in 2 MinutesOnline at RPSSmallBusiness.com:

• Industry-leading coverage

• Instant bindable quotes from multiple carriers

• 4-question application

• Access to 24-hr breach response team

• 99% of business classes qualify

RPSSmallBusiness.com Coverage Highlights

Application 4 simple questions to bind coverage up to $100M in revenue.

CoverageBroad coverage language for regulatory claims, business interruption & digital asset restoration, cyber extortion, multimedia liability & privacy breach coverage offered at full policy limits.

HotlineAccess to 24-hour data breach hotline. Report incidents with one of the leading cyber breach firms in the country, Baker Hostetler.

ResponseSecurity breach response covers costs associated with notification, credit monitoring services, IT forensics, legal guidance and public relations.

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Executive Liability ExpertiseOur Executive Lines team specializes in protecting individuals and their companies. From D&O to E&O to EPLI, Fiduciary Liability and Crime, RPS has the knowledge and market relationships to place the appropriate coverage at the most cost-effective price.

Professional Liability• Online Rate/Quote/Bind for Miscellaneous Professional

Liability

• Target classes include over 400 professions with revenues up to $3M

• Minimum premium of $500 for $500K limit

• Cover for bodily injury/property damage arising out of wrongful acts

• Up to $100K for Computer Network Security Coverage

• 12-month extended reporting period coverage

• Multiple carriers (both admitted and non-admitted) available outside of the online portal offering Tech E&O, Architects & Engineers, and Miscellaneous Professional Liability for many classes of business

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D&O and EPLI• Online Rate/Quote/Bind for D&O/EPLI

• Target companies - in business for at least two years, under $250M in revenue and under 1,500 full-time employees

• Strongest definition of “Claim” and “Wrongful Act” in the industry

• Fully non-rescindable

• 100% allocation for defense costs

• No anti-trust of unfair trade practices exclusions

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IT Industry - All Lines of CoverageFor more than 30 years, the experts at RPS Technology & Cyber have been helping agents in all 50 states insure hi-tech businesses for all lines of commercial P&C coverage including Professional Liability, Workers’ Compensation, Business Auto and Commercial Packages.

The “information technology” industry is a constantly evolving world that emcompasses all forms of technology to create, store, exchange and utilize information in various forms including business applications and networks, gaming, smartphones, multimedia presentations, etc. Below are some examples of hi-tech businesses:

• Computer Consulting

• IT Staffing

• Software Development

• Systems Integration

• Network Design

• Web Design

• Video Game Developers

• Smart Phone App Developers

• E-Commerce

• Analytics Consultant

• Social Networking

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What your colleagues are saying about RPS Technology & Cyber:

“The team at RPS Technology & Cyber helped me place a cyber risk insurance program for a large nonprofit with 38 million members. They orchestrated underwriting calls with the client and the markets and presented multiple coverage options in a way that was easily understood, cost effective and in the best interest of an important mutual client.”

Rick McClure – Columbia, MD

“RPS Technology & Cyber has been an excellent resource for our agency. Their fast, professional service is second to none in helping us place competitive coverage for our professional and management liability risks.”

Patrick Williams – Farmington Hill, MI

“I have placed a large amount of Cyber business thanks to a fantastic partnership with RPS Technology & Cyber that spans many years. Together, we insure thousands of cities, counties, schools and other public agencies. They are a trusted partner in this rapidly developing area of risk and are always there to support our team in any way possible.”

John Chino – Irvine, CA

“30 Years in business, appointed will all the major carriers and I am still learning! I save money and time by placing business with RPS Technology & Cyber and utilizing their technology expertise and buying power.”

Mike Prevot – Los Altos, CA

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Cyber Risk Expertise

Executive Liability Expertise

IT Industry –

All Lines of Coverage

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RPS TECHNOLOGY & CYBER204 Cedar St.Cambridge, MD 21613Toll Free: 800.336.5659 • Ph: 410.228.6464RPSins.com/TechCyber • [email protected]