MSR RIA CyberSecure for Registered Investment Advisors

Cyber coverage provided through Advisor Support Services firms (their sponsors) to their RIA's and/or broker/dealers.

Cyber insurance for RIAs covering losses due to privacy and security breaches that are NOT caused by the Advisor Support Service firm or their third party service providers. Covers losses for the RIA firms on their own Computer Systems.

Excess + Surplus

A.M. Best Rating

Lloyd's of London

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Coverage Highlights

Coverage:

• Cyber Liability

Maximum Limit:

• $2M per occurrence/aggregate

Maximum Revenue:

• Per RIA or RIA firm $10M annually (above that, referral required)

Minimum Deductible:

• $2,500

Minimum Premium:

• $500 

First and third party cyber coverage for RIA-controlled Computer System or in-home/office privacy event.

Coverage does not include events caused by or resulting from a security breach of the Sponsor.

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• Affirmative coverage for PCI fines, penalties, and assessments and other civil fines arising out of federal and state breach privacy laws

• Third party coverage for defense costs and settlement expenses

• designed to bolster relationship between services firm and its advisors while improving the security and reputation risk for all parties

• Advisor Service firm/Sponsor is granted vicarious liability coverage for breaches caused by the RIA.

• Sub-limited coverage for cyber-extortion

• No aggregate cap on number of participants; each RIA gets its own policy (and limit)

Services

Includes turnkey breach response services
with pre-approved panel of forensics, legal,
PR experts

Consulting

Save 30%

RIA's will receive a 30% discount for purchasing coverage through a sponsored program.

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June 15th, 2020

INTRODUCING OUR NEW CYBER PRODUCT FOR REGISTERED INVESTMENT ADVISORS

Author: Mary Guzman, Managing Director

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In today's #WFH environment, cyber risks to professional advisory service providers are heightened significantly.  In order to address this risk head on, MSR has rolled out MSR RIA CyberSecure for technology and administrative support firms to roll out to the Registered Investment Advisors( RIAs) that...

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