Cyber Market Available

Offer Cyber Coverage to Every Small Business

Property/casualty insurers wrote $1.35 billion in direct written premium for cyber insurance in 2016, a 35 percent jump from 2015, according to reports by Fitch Ratings and A.M. Best.  Are you getting a piece of this market with your customers?

Through Big "I" Markets, you can access a cyber liability solution to offer to your small business clients. 

About the Product:
  • It designed for businesses with up to 50 employees, or less than $20 million in annual sales. 
  • It's underwritten by insurance company subsidiaries or affiliates of American International Group, Inc. (AIG) and is rated "A" by AM Best. 
  • No application is required—just a signed acknowledgment. 
  • There is a $100,000 limit with $200 annual premium.
  • Earn 15% Commission
  • Direct Bill

Why should you offer it?
Because every business collects personal identifiable information (PII) like email addresses, phone numbers, credit card information and more—and all of it creates a cyber liability exposure.  

How to Market Cyber 
At the very least, email every small business in your client roster to offer coverage. We provide a concise sample letter you can download that quickly outlines the product. You can even mail the letter via snail mail, or use it as a reason to check in with a call or personal visit—or both!

A Simpler Sales Process 
Binding could not be easier. 

Log in to Big "I" Markets, select Cyber Liability – Small Business Solution and provide a customer email address in the quote request function. Big "I" Markets takes care of the rest, collecting the application and $200 via credit card directly from the customer, then paying you. 

The policy and certificate are available 24-48 hours after the payment has been processed. We post a signed application on Big "I" Markets, and a dedicated webpage is available for you to print the certificate and policy. 

Don’t know your Big “I” Markets credentials? Click here for immediate password assistance. 
Not registered for Big "I" Markets?  Click here.

E&O Protection
Document, document, document! After sending your initial marketing letter, ask for a signed declination via DocuSign. We created a sample form you can customize with your agency name. If your client doesn't return the form, use a DocuSign message to document that you sent the offer.