Just a reminder to all our agency partners, state associations, as well as our insurance company and tech provider partners – all 50 states now have data breach laws in place, and several states including Massachusetts have recently amended their statutes. This means business owners must understand the varying regulations in each of the states in which you write business.
How do you tackle this? Within our ACT Agency Cyber Guide 2.0 we have many resources, free to all Big ‘I’ agents. One resource in particular that we link to can help explain each state’s statutes; the Mintz Matrix.
This matrix details each state’s statute, the state’s definition of a breach, who is covered, how quickly businesses are required to notify customers of a breach, and potential penalties.
This is just one of many resources within our Agency Cyber Guide 2.0, and our Guide itself is one of many cyber resources offered by the Big "I". Take advantage of all our member benefits!
ALSO: Our ACT ‘Security Issues’ work group is moving forward on our other 2019 strategies – CLICK HERE for more. And if you’d like to join the conversation within this work group, just let me know!
You don’t have to be a cyber expert – or even close – to participate and help identify areas for us to address.
Independent Insurance Agents of Virginia