N/T Cyber insurance

[grandmabee]

Who has cyber insurance for their office and estimate on how much coverage do you carry and cost.

 

Thanks

[Margaret CPA in OH]

I did get it this year for $190.  Network protection limits of liability $100,000; Deductible per claim $1000; Extortion $15,000; Deductible per claim $1000; Privacy event expense $100,000; no deductible. As with all insurance, I sincerely hope to never have to use it.

[NECPA in NEBRASKA]

I got mine this year from CNA with my liability insurance. I'm not sure about the coverage, but I know that it's not huge. I'm too lazy to open the fire safe and look. 

[SaraEA]

Whatever it costs, buy it.  We are being hounded by constant messages from IRS, states, and the professional associations that tax offices are the hottest target right now, don't open anything, report phishing emails, tell everyone in the office and on and on.  Today I got an email that appeared to be from someone who knew me..said they finally got their docs together, gave a list of what was attached and a phone number to call with questions.  Spelling and grammar were fine, and there was a business address.  I noticed that the message just started with "hi," not "hi Sarah," like most clients usually say, and the person had an unusual first name that I didn't recall.  I checked our client list and there was no such person.  Later I read the NATP blog and someone there reprinted the exact same message.  They looked up the business and it's a real business in TX.  It's a scary world out there.

[JRS]

With the IRS directory ( which I opted out) and in California, the CTEC directory our names, addresses and phone numbers available, we have no choice but to be overly diligent.  My wife, who used to sell insurance, always said, you can never have enough.

[Lion EA]

I added a cyber security rider to my E&O this year via NAEA.  File is a pain to get to, but it was what was offered.  About doubled my insurance, but I didn't pay much and know I'd better have it no matter what the cost.

[Catherine]

I got it a couple of years ago through a Drake promotion; $250 a year.  I'd love to hear who Margaret's carrier is - while I will gladly pay the insurance I would prefer to pay less, y'know?

[Margaret CPA in OH]

My insurance is through AICPA, brought to me by Aon, underwritten by CNA (whatever all that means).  It's the AICPA CPA Value Plan.  I really only do taxes now with minimal bookkeeping for certain tax clients and no other assurance work.  As my gross income is pathetically low, my fees are too.  Hey, as long as the profit pays for my dive trips