Cyber insurance for utilities
Cyber insurance for electric cooperatives
A co-op belongs to its members, and those members trust you with their names, addresses, bank drafts, and their power. A cyber event can put all of that in a bind at once.
Common cyber worries for a co-op
- A ransomware hit that shuts down billing and the member service desk
- A fake invoice or wire request that sends money out the door
- A vendor’s remote connection being used to get into your systems
- Member data getting out, and the notice and credit monitoring costs that follow
Coverage to talk through
Ransomware and extortion, business interruption, data restoration, breach response, funds transfer fraud, liability to members and others, and control system coverage if your policy needs it added.
Ready to look at your cyber coverage?
Start with 7 quick questions, or call the office at 205-221-5466.