VACORP: Do you have the Cyber Risk Coverage you need?

By Kathleen Guzi

VACORP has the most comprehensive Cyber Risk coverage of any local government insurance pool with zero deductible and no sublimits. 

Cyber event frequency has escalated since the beginning of the coronavirus pandemic. According to the FBI, instances of Cyber crime have jumped as much as 300% since last year. The Bureau’s Internet Crime Complaint Center (IC3) says it receives between 3,000 and 4,000 security complaints every day, up from around 1,000 complaints per day. In addition, attacks against public entities have intensified (SolarWinds). In Virginia, Cyber event crime cases have been large: 

$1,500,000 - Ransomware event

$700,000 - Social Engineering event

VACORP is the only local government insurance pool that provides:

• Cyber liability coverage with zero deductible

• Cyber Breach Attorney guidance on each claim

• Claims handled by Specialists familiar with Cyber Security trends

• Ransomware/Public Relations event response coverage, no sublimit

• Social Engineering/Fraudulent Instruction event coverage, no sublimit

• No pooled aggregate with $1,000,000 coverage limit or greater

• Optional coverage available up to $10,000,000 limit

If you are interested in learning how VACORP can provide you with the peace of mind that you are covered in the event of a Cyber attack, please contact us.

Stephanie Heintzleman                                 Kathleen Guzi   

sheintzleman@riskprograms.com              kguzi@riskprograms.com  

844.986.2705                                         540.871.0531                                                 

Rest assured, with us, you’re covered.

Reach out, we’re here for you.