Overview
Through a partnership with McGowan Program Administrators and Coalition Insurance Solutions, Inc., AMBA has developed an integrated insurance and risk management program for Cyber Liability. The program offers access to human resources and data management related services which provide superior products and services through a simplified process.
Coverage Advantage Checklist
- Comprehensive Cyber Insurance Coverage
Why comprehensive coverage matters
Coalition’s broad base form covers a wide set of incident types and provides high limits for Funds Transfer Fraud, Ransomware, and more. - “Pay on Behalf” Language
Why “pay on behalf” language matters
Breach response costs, ransom payments, forensics, and other first-party expenses can add up fast. These upfront costs are paid on behalf of our policyholders, so they don’t have to wait for reimbursement. - Breach Response Costs Outside the Limits (Available on Most Policies)
Why breach response costs outside the limit’s matters
Having separate limits for breach response preserves limits for other coverages, like extortion and business interruption. - $0 Retention When Using Coalition Incident Response (CIR)2
Why a $0 retention matters
Coordinated expertise is critical when dealing with a cyber incident. CIR responds quickly and provides expert, hands-on support – with no out-of-pocket cost. - Opportunities for Enhanced Coverage with Good Cyber Hygiene
Why rewarding good cyber hygiene matters
Cyber risk is dynamic and requires active participation. Businesses that invest in their cyber hygiene can receive enhanced coverage.
Security Advantage Checklist
- Proprietary Threat Intelligence Built for Insurance
Why proprietary threat intelligence matters
Cyber threats don’t stop once a policy is bound, and neither do we. Coalition’s security research team gathers millions of data points from all corners of the web to identify emerging threats in near-real time. They combine this threat intelligence with their claims data to alert policyholders to critical exposures that are most likely to result in losses. - Dedicated In-House Security Support Team
Why dedicated security support matters
Coalition’s in-house team of security analysts and consultants is dedicated to helping policyholders resolve contingencies, remediate exposures, and implement security improvements. - Pre-bind Security Support with Coalition Control
Why pre-bind security support matters
Cyber hygiene needs to change as quickly as cyber risk. Every contingent quote comes with pre-bind access to Coalition Control. Even before coverage is bound, businesses can access remediation guidance, self-service tools to resolve security findings, and details about their cyber exposures. - Cybersecurity Protections Beyond the Policy
Why cybersecurity protections matter
Cyber criminals don’t take time off. For policyholders who just want peace-of-mind and lack the time or resources to focus on cybersecurity, Coalition offers Managed Detection & Response services for around-the-clock threat detection and remediation.
For more details on the program click on the “Apply Now” button.
How to apply
You may apply and obtain a quote up to 60 days prior to your desired effective date. However, you may only bind coverage within 30 days of the requested effective date.
- Click “Apply Now”
- Limits up to $1,000,000 are available online.
- If you want limits above $1,000,000, you’ll still complete the online application for the maximum coverage available. Then contact one of AMBA’s Client Representatives at 1-800-247-2192 for assistance to complete your application for higher limits.
Once your application is completed and full payment has been made via credit card or EFT, you will receive an email with your policy within 1-2 business days. If you are purchasing Cyber coverage with us for the first time and need assistance, please contact our Sales center at 1-800-247-2192.
If you are renewing your expiring Cyber policy with us and need assistance, please contact our Service Center at 1-800-626-9063.
Contact Information
We’re here to help! Please contact us in whatever manner is most convenient for you.
Address
AMBA
4050 114th Street
Urbandale, Iowa 50322
Sales Phone
Sales Email
Service Email
Hours
Monday - Friday 8:00 AM - 5:00 PM CT
Frequently Asked Questions
Answers about the plan, including eligibility, options, enrollment, customer service and more.
If my firm purchases E&O coverage, wouldn’t this policy protect us in the event of a cyber or privacy breach?
This is often a misconception by policyholders and we find that the majority of errors & omissions policies do not cover cyber or privacy breaches. An E&O policy typically limits coverage to claims arising from negligence in the performance of specifically defined services and excludes coverage for criminal or intentional acts of insured’s or their employees.
What are my obligations in the event of a breach to report such and to whom?
A majority of states require a breach to be reported to those affected if any personal identifiable information (PII) is leaked. Any company who does not report these breaches is subject to hefty fines and penalties from various state and industry regulators. If you are a firm servicing clients in multiple states, a single breach can be costly in just legal expenses to translate the requirements of each state’s law. Having the proper Cyber Privacy Liability coverage in place can provide assistance and help cover these expenses.
How can I learn more about the insurance products offered by AMBA and how they can best serve my insurance needs?
For more information or to speak with a Client Representative, please contact our office at 1-800-247-2192.
Claim Scenarios
There are an estimated 2,200 cyberattacks per day with 43% of the world’s total cyberattacks are targeted at small-to-midsize businesses. View examples that illustrate situations where Coalition has helped businesses remediate risk prior to and recover from Cyber incidents.
Case Studies
5-Minute Average Claims Response
Why cybersecurity protections matter
The speed of claims response can be the difference between recovery or a multi-million-dollar cyber event. When a policyholder calls Coalition’s 24/7 claims hotline, their in-house team of cyber experts proactively initiates a streamlined response while limiting business impacts.
Unparalleled Financial Recovery Tactics
Why claims relationships matter
Attackers often move money across various jurisdictions to cover their tracks when committing funds transfer fraud. Coalition’s relationships with government entities and financial institutions drastically increase the chance of recovery by allowing them to move quickly and go where others can’t.
Extensive Pre-Claims Services
Why pre-claims services matter
Not every suspicious incident results in a claim. Using dedicated “pre-claims assistance” funds to cover the cost of legal, forensic and IT services, policyholders can ask questions and seek guidance without fear of triggering a claim.
Exclusive Access to Coalition Incident Response (CIR)*
Why early detection and stabilization matters
When a cyber threat becomes a claim, there’s no substitute for security expertise. When working with CIR, policyholders get the benefit of Coalition’s expert team that can quickly detect and stabilize a cyber event — often with no impact to their self-insured retention.
Tabletop Exercises and Incident Response Plans
Why advanced preparation matters
Cyber events can be stressful situations that require decisive action. Coalition’s simulations and resources can help policyholders manage expectations and follow protocol when experiencing a cyber event.