Great American Launches Admitted Cyber Product for Small, Medium-Sized Businesses

Great American Insurance Group has launched an admitted cyber risk insurance product, the Risk e-Business Cyber Loss & Liability Insurance Policy featuring two insuring agreements and only 13 exclusions.

According to Betty Shepherd, Divisional senior vice president of Great American Cyber Risk, the product was designed to be easy for agents to explain, and easy for small and medium-sized businesses to understand.

With limits up to $5 million available to companies with up to $250 million in annual revenue, Great American’s Risk e-Business Cyber Loss & Liability Insurance Policy is available to a range of targeted classes. Additionally, Great American’s Risk e-Business policy includes incident consultation coverage.

Based in Cincinnati, Ohio, the operations of Great American Insurance Group are engaged primarily in property and casualty insurance, focusing on specialty commercial products for businesses, and in the sale of traditional fixed, fixed-indexed and variable-indexed annuities in the retail, financial institutions, broker-dealer, registered investment advisor and education markets.