PAK Programs, a specialty insurer of alcoholic beverage manufacturers and distributors, today announces the addition of enhanced cyber security coverage with new expanded offerings for breweries, wineries and other alcoholic beverage industry members. The new coverage will aim to provide insureds with necessary resources to respond to and recover from a range of leading and emerging cyber threats.
As the risk for cybercrime, such as ransomware attacks, continues to rise in the food and agriculture sector, alcoholic beverage manufacturers and distributors now have access to PAK Programs’ entire suite of coverages and policies designed to support owners and operators as they navigate these risks. Such coverages include, but are not limited to:
- Data Compromise Response Expenses
- Cyber Extortion
- Privacy Incident Liability
- Network Security Liability
- Reward Payments
“Evolving technologies such as artificial intelligence (AI) are becoming more sophisticated and accessible to bad actors, increasing the risk of cybercrime for businesses. For alcoholic beverage manufacturers and distributors, a cyber incident can lead to a breach of personal information, extensive business interruption, substantial financial losses and more,” said Larry Chasin, CEO of PAK Programs. “With the expansion of this enhanced cyber security coverage, we can now provide business owners with comprehensive, vital protection in addition to the longstanding industry expertise that PAK Programs is known for.”
For nearly 30 years, PAK Programs has provided insurance solutions to address the unique needs of the alcoholic beverage space. Pak Programs’ new cyber security coverage joins an extensive list of coverage offerings for alcoholic beverage manufacturers and distributors, including but not limited to business property & equipment, liquor liability, farm liability, pollution liability, employment practices liability and more. For more information regarding PAK Programs’ cyber suite coverages and the value of working with a specialty insurer focused on the alcoholic beverage space, please visit: https://pakprograms.
About Pak Programs
PAK Programs is a leader in the design, administration and marketing of customized insurance programs for wineries and vineyards, breweries, wine and liquor retailers, cideries, meaderies, distilleries, and liquor and wine importers and distributors. Founded in 1996, PAK Programs combines a wealth of experience and expertise to form a dedicated team of specialists and offers the financial strength of partner Great American Insurance Companies with their A.M. Best Rating of A+ (Superior).
