netguard farm cyber brochure new - nasinsurance.com€¦ · farm provides state-of-the-art cyber...
Post on 16-Jul-2020
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Cyber Liability Insurance
NetGuard® Farm
Whether you insure large commercial farms, rural ranches, or anything in-between, NAS NetGuard®
Farm provides state-of-the-art cyber liability solutions for farms. We recognize that farm risks can
have both commercial and personal exposures. And when it comes to emerging risks like the
cybersecurity vulnerabilities of farms and agribusiness, you need a flexible partner that can build a
customized solution.
NAS now offers NetGuard® Farm
cyber liability – modern cyber
insurance that can be
custom-tailored for your farm
portfolio.
Farm operations increasingly rely
on internet-connectivity and
digital control systems to operate
machinery, irrigation systems and
office infrastructure, often from
smartphones or computers.
NetGuard® Farm Cyber Protection from NAS Insurance
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COMMERCIAL CYBER COVERAGES:
Multimedia Liability
Security & Privacy Liability
Privacy Regulatory Defense & Penalties
PCI DSS Liability
Breach Event Costs
BrandGuard®
Network Asset Protection
Cyber Extortion
PERSONAL CYBER COVERAGES:
Identity Theft Cyber BullyingCredit Card Fraud, Forgery, Cyber Crime
Additionally, websites, payment-processing systems, or even email accounts can be vulnerable to
cyber security breaches that could cause business interruption losses. This greater dependence on
automated technology makes farms more susceptible to cyber-attacks.
NetGuard® Farm cyber liability insurance can be tailored to provide a broad combination of
commercial and personal coverages for farms, including:
NetGuard® Farm
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A farm manager downloaded an e-mail attachment that appeared to be from his bookkeeper.
The attachment contained a ‘CryptoLocker’ virus which, when downloaded, immediately
encrypted files on the manager’s computer, including accounting, payroll, sales, and crop
records. When the manager tried to access a file, a message appeared on the computer
screen demanding a ransom payment in bitcoin to receive a decryption key.
With the help of an IT expert and legal counsel, the threat was determined to be credible, the
ransom was paid, and the files were decrypted. The ransom payment, IT fees, and legal
expenses, totaling $10,000, were covered under the farm’s Cyber Extortion insurance.
NAS NetGuard® Farm – More Than Great Cyber Insurance
NAS Insurance is a leader in custom cyber solutions,
providing essential services and expertise in product
development, underwriting, claims handling, marketing
and much more to help you implement a unique and
customized product for your policyholders. With NAS’
reinsurance solution you can provide your policyholders
with bolt-on, leading edge cyber liability coverage, while
avoiding R&D costs, overhead and the assumption of risk.
For more information on
NetGuard® Farm, contact:
Product Development
Underwriting
Risk Management
Compliance
Claims
Marketing & Training
In addition, NetGuard® Farm cyber liability insurance offers robust risk management services to
educate farm owners about cyber risks and help mitigate future cyber attacks. Insureds will have
access to:
Cyber security experts
Online tutorials and cyber safety guides
Risk assessments and security fitness checklists
Information on how to build an incident response plan
Desiree KhouryVice President, Specialty Reinsurance 818.808.4465 dkhoury@nasinsurance.com
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CLAIM SCENARIO: RANSOMWARE/CYBER EXTORTION
NetGuard® Farm
Cyber Liability Insurance
NetGuard® Farm
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