Who is an applicable Small Business Client?
It is a client who checks all of the following criteria. If any one criteria does not apply, contact the Cyber Practice.
The Client Account meets either of these thresholds:
Total P&C Revenue to NFP is less than $10,000; or,
The Client's Annual Revenue is less than $35 million
The Client's does not belong to either of these industries:
Cannabis
Digital Assets
Payment Processor
Software as a Service
Advertising
Professional Services (e.g. law firm, consultants, accounting)
Tech companies (e.g. software entities)
Private Equity
The Client's has multi-factor authenticator (MFA) in place:
For Corporate Emails
For Corporate Networks/Systems
For Remote Access
Claims experience:
Your client has not experienced a cyber event in the past 3 years that has resulted in a direct financial loss of more than USD10,000
Your client has not had any legal action brought or threatened against them in the last 5 years as a direct result of a cyber event
Your client has not had any regulatory action initiated against them in the last 5 years as a direct result of a cyber event
Placement process in 6 steps
Use these templates
In your email, include: link to Relay application, Market Updates, Claims Guideline, and any additional resources as needed.
Under Resources for Brokers, helpful publications include "Why Cyber Insurance" and "Cyber Coverage 101" for first-time insureds.
Contact nfpcyberpanel@nfp.com if you have any questions.
User Guideline for Digital Placement Process on Relay
This is a step-by-step outline to market cyber standalone coverage on Relay
Every 2 weeks from 1pm to 2pm on Tuesday Eastern Time - New York
Contact host for calendar appointment: nicole.panagos@relayplatform.com
Please review and communicate to client all subjectivities to ensure they are satisfied prior to binding.
We have access to the following carriers with Application Programming Interface (API) integration on Relay
CFC offers admitted and non-admitted based cyber policy forms. It has the simplest submission step: basic information about the Insured is the minimum required without the need for a completed questionnaire.
Coalition’s API process with Relay mimics its process on its own web-based portal: the Coalition quote is condition to a signed affirmation by the Insured of application information submitted and converted on their own application format.
Corvus delivers cyber coverage no different than the proposals generated from their own web-based portal. The application questionnaire is aligned with our other carriers.
Cowbell offers two levels of coverage: Form 100 and Form 250. Their Form 100 does not include Contingent Business Interruption as evident on Relay’s quote comparator. Cowbell continues to expand its API capabilities to include their Form 250 expected in in Q3 2022.
Cyber Resources for Your Clients
"Must-bookmark!" resources followed by all cyber security experts
Standard Blank Applications
Industry-specific resources
These are publication from one of our API-carriers: Cowbell.
Cybersecurity Threat Reports
Market leading reports