NAM CYBER COVER – Cyber insurance & risk management for manufacturers
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A $1Million manufacturing business could pay $253,000 in ransomware attacks – that’s over 25% of annual revenue.
NAM Cyber Cover: What is it & Why We Created it
NAM Cyber Cover brings the power of a leading cyber insurance provider, Coalition, together with a nationally recognized broker, AHT Insurance, to identify, protect and manage the unique exposures facing manufacturers.
As the nation’s most effective resource and influential advocate for manufacturers across the country, NAM’s priority is identifying and offering solutions for members to help strengthen and protect the manufacturing industry. When NAM identified cyber vulnerabilities as the largest risk facing its members of all sizes and types, they initiated the creation of this new cyber program.
GET A SNAPSHOT OF YOUR RISK PROFILE
See how you stack up against others in your space – this complimentary risk assessment highlights vulnerabilities and remediations to help keep your data protected.
Coalition’s in-house staff of incident responders, forensic specialists, and security engineers respond in minutes, not days, to help you recover from network intrusions, ransomware, and business interruptions.
In-House Claims Team
Our experts include privacy and data breach attorneys who help you navigate the recovery process, including acquiring
lost funds, managing vendors and law enforcement, and ensuring you receive funds quickly.
Complimentary Security Tools & Discounted Services
Access Coalition’s partner ecosystem for discounted security solutions and services, including security awareness training, malware prevention, and more.
Protect the Value of Your Entire Business
NAM Cyber Cover protects your data and assets — we cover the expenses to defend you, as well as damages resulting from a liability to a 3rd party or for regulatory fines and penalties. Additionally, we pay for the costs to respond to a breach, such as
legal fees, public relations experts, and customer notification costs, among others.
Coverage Tailored to Manufacturers’ Needs
NAM Cyber Cover includes pollution, bodily injury, and property damage coverage. Business interruption and contingent business interruption reimburse lost revenue while your company recovers from a cyber event.
Zero Dollar SIR for Incident Response
The $0 SIR for Coalition Incident Response endorsement amends coverage to eliminate your Self Insured Retention (SIR) for the costs of services provided by our in-house incident response team.
Pay on Your Behalf
In the event of a cyber incident, NAM Cyber Cover pays upfront costs instead of you paying out of pocket.
Program-Specific Benefits for NAM Members Include:
BROAD COVERAGE tailored to the needs of manufacturers
PROGRAM PRICING DISCOUNT for being an NAM member
EDUCATION TOOLS AND SECURITY WEBINARS for you and your key employees
BROADENED COVERAGE AND LIMITS for being an NAM member
COMPLIMENTARY SECURITY TOOLS that coordinate with your current technology solutions
911 COALITION incident response
NAM Cyber Cover was cost-competitive with other options out there. The other part that really intrigued us was that it wasn’t just an insurance policy. You don’t just put it in place and wait for something bad to happen. They have tools that provide us the ability to do scans and check our systems. They’re proactive in helping put things in place to keep us secure.Erik Hash
Coalition – Your Underwriter Partner
Backed by an A+ carrier, Coalition is the only provider offering an industry-leading policy that covers the unique exposures facing manufacturing firms. With Coalition, you get more than just insurance. Its technology platform delivers insurance plus proactive cybersecurity tools to keep your business safer, including risk management, security tools, incident response, claims and business recovery.
AHT – Your Broker Partner
For more than 25 years, AHT’s boutique Manufacturing practice has been nationally recognized as a leader in risk management and global machinery manufacturing. Led by a team of professionals spanning more than 50 years of combined industry experience, AHT is positioned to help manufacturers manage the unique risks they face.