“If you’re planning on doing any work directly for the federal government, sign up with SensCy right now. [...] I can’t imagine going to the CMMC compliance from scratch. Never underestimate the ability of the government to overthink things.”
— Bill Henderson, President, Aircraft Precision Products, Ithaca
Being proactive is critical to safeguarding your company’s assets, reputation, financial liability and future growth.
Announcing a revolutionary partnership that will elevate your cybersecurity capabilities and provide enhanced financial protection against cyber risks. MMA, SensCy, General Agency Company and CFC are partnering to bring MMA members an exclusive and unprecedented opportunity to obtain industry leading cyber security insurance paired with proactive cyber hygiene to protect your company like never before.
- Manufacturing is in Top 5 of targeted industries
- Manufacturers shouldered 10% of frequency and 11% of total cost for cyber claims
- 43% of cyber attacks are targeted at small business
- Average total crisis cost per company $174,000
- Small and mid-sized organizations saw a 424% increase in cyberattacks in 2023
- Average SMO cyberattack revenue loss: 20%
A Complete Cyber Solution for Manufacturers
- Assessment
- Cybersecurity Plan of Action
- Access to Exclusive and Affordable Cyber Liability Insurance
The Process
- Step 1 Complete the Michigan Cybersecurity Initiative application
- Step 2 Get Your SensCy Score
- Step 3 Get Your Insurance Quote
- Step 4 Make an Action Plan for Cyber Monitoring
Build Resilience and Protect Your Company
The SensCy Solution
SensCy empowers small and medium-sized businesses to fend off cybersecurity threats without breaking the bank. Comprised of IT and cybersecurity leaders with a combined 100+ years of industry knowledge, SensCy’s expertise, tools, and comprehensive solution help business leaders sleep better at night knowing they’re tackling today’s cyberthreats head-on.
SensCy helps small and medium-sized businesses secure their data, people, and supply chains from cybersecurity threats by providing:
- Cyberhealth tracking system (SensCy Score™)
- Virtual CISO: Cyber Advocate
- Cyber Policy Library
- Vulnerability Scanning
- Cyberhealth Dashboard
- Cyberhealth Plan
- Cyber Awareness Training
- Phishing Exercises
- Cyber Alerts
- Help with Cyber Insurance Forms
- Executive Briefings
- Cyber Incident Response Plan
- See our full solution here
Cyber Liability Insurance Built for Manufacturing
Reduced Rates and Expanded Coverage Exclusive to MMA Members
- Monoline cyber liability insurance
- Predetermined and Reduced Rates
- Minimum premium of $1,500
- $250,000 coverage, including invoice manipulation.
- No call-back for Fraudulent Instruction Loss
- Confirmed inclusion of Operational Technology (OT) Environment, including:
- Supervisory Control and Data Acquisition SCADA
- Programmable Logic Controllers (PLCs)
- Remote Terminal Units (RTUs)
- Human-Machine Interfaces (HMIs)
- Robotic Control Systems
- Dependent Business Interruption is included.
- Extended Restoration Period up to 12 months from the date of incident
- Broader underwriting guidelines than open market
- Additional Coverages
- Bricking coverage
- Social engineering products
| Manufacturing |
| Revenue Size |
$1M Limit |
$2M Limit |
$3M Limit |
| $0-500k |
$1,530 |
$1,970 |
$2,410 |
| $500k-$1M |
$1,610 |
$2,080 |
$2,540 |
| $1M-$5M |
$2,460 |
$3,130 |
$3,820 |
| $5M-10M |
$4,840 |
$6,300 |
$8,155 |
| $10M-25M |
$8,850 |
$1,200 |
$14,100 |
Get Started!
Submit your Michigan Cybersecurity Initiative application today!
Attention Licensed Insurance Agents!
Interested in proposing reduced rate and expanded coverage cyber liability coverage to your clients? Partner with MMA and General Agency to gain access to this exclusive opportunity! Contact MMA’s Delaney McKinley at mckinley@mimfg.org or 517-487-8530.
Contact Brenda Nalett
MMA Director of Insurance and Services
Call 517-487-8512
E-mail nalett@mimfg.org