360 Coverage Pros supports businesses contracted with the U.S. Federal Government to assist them in meeting their cyber security compliance obligations and to help them to secure financial insurance protection for cyber liability and data breach expenses. These programs are specifically designed for small to midsized contractors and offer affordable cyber solutions that include rapid breach response services to help companies to quickly react and recover from a cyber or data breach event. Contractors that are part of the federal supply chain must comply with the U.S. Commerce Department's National Institute of Standards and Technology (NIST) cyber security requirements as outlined in Special Publication 800-171. NIST 800-171 is the first government security mandate to apply to both primes and subcontractors. Furthermore Department of Defense contractors must also meet the more stringent Defense Federal Acquisition Regulation Supplement (DFARS) minimum security standards.
The Federal 360 Coverage Pros Cyber programs are designed to offer small and mid-sized federal contractors affordable packages that combine cyber and data breach insurance coverage with NIST 800-171 and DFARS 800-171 compliance services, as well as access to additional resources to help contractors access their cyber risks, and utilize easy and affordable tools to help prevent a cyber data breach.
In order for your company to qualify for coverage, you must be under contract with the federal government at the time of applying for a policy. This includes contractors for the DoD, GSA, NASA, and other federal and state agencies; universities and research institutions that accept federal grants; consulting firms with federal contracts; manufacturers who supply goods to federal agencies and service organizations that provide services to federal agencies as well as the subcontractors of those organizations. Your contract can be as a sub to a prime or a prime in support of either or both the Department of Defense or non-DOD federal organizations. The cost of the cyber insurance plans and data breach support programs may be reimbursable by the government as Security Assistance expense. Suppliers and Contractors should contact the appropriate DOD, GSA or billed office, party or fund. Beyond the provision of insurance to offset against financial loss, the programs also provide support for detection, response and recovery with assistance and resources many small contractors may not be able to afford otherwise.
All Department of Defense (DOD) contractors that process, store or transmit Controlled Unclassified Information (CUI) must meet the Defense Federal Acquisition Regulation Supplement (DFARS) minimum security standards.
This program will provide insurance as well as access to specific tools and resources to assist contractors to meet the DFARS standards, as well as the NIST guidance as outlined in NIST Special Publication 800-171.
All civilian non-DOD contractors must comply with the Federal Acquisition Regulation (FAR) clause, part 52.204-21, which defines a set of cyber security measures to help ensure basic safeguarding of federal contract information that is processed, stored, or transmitted by contractor systems. The FAR clause includes a flow down provision, which means the requirements apply not only to the contractor, but also to all of its subcontractors and suppliers. A contractor can be held financially liable for the actions of sub-contractors in the event of a data breach.
Companies under contract with BOTH types of federal agencies (Department of Defense and Civilian) will have access to resources and an insurance policy that will provide coverage for both activities. The programs focus on the primary requirement for joint contractors to meet the Department of Defense DFARS mandatory compliance with the guidelines for the protection of Controlled Unclassified Information (CUI) as well as the NIST 800-171 cyber security framework.
Besides providing financial protection and sustainability to federal contractors, the insurance policy and resources provided via this site aligns and supports the NIST Cyber Security Framework . It is designed to give small to medium sized federal contractors an easy and affordable way to not only meet their contractual requirements with the federal government, but to also take steps to help prevent a data breach caused by a cyber-attack and allow a contractor to sustain and recover from it when it does happen. The programs provided collectively support the 5 core principles of the NIST Cyber Security Framework:
Protect your business .. and your federal contract, by taking a proactive step to meet and maintain cyber security compliance and by having cyber and data breach insurance coverage in place.
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