Frequently Asked Questions*

What is the North American Data Security RPG?

North American Data Security RPG (the "Company") is a risk purchasing group formed in Michigan and authorized under the Liability Risk Retention Act (the "LRRA"), which is a federal law enacted in 1986 to facilitate access to liability insurance on a more cost-efficient basis. As a risk purchasing group and pursuant to the LRRA, the Company is permitted to collectively purchase liability insurance on behalf of group members to cover their similar exposures that result from the members' common practices or activities.

Is there a retention?

Yes. If a retention is indicated on the Declarations, the Insured is responsible for payment of such retention. All retentions will be borne by the Insured's uninsured and at their own risk. The Insurer's obligation to pay any amounts under this policy is excess of the applicable retention. The Limits of Insurance will not be reduced by the payment of any retention.

Who is the insurance carrier?

The Company purchases liability insurance from one or more insurance carrier(s) with an AM Best rating of "A" or better.

What is the limit of liability?

The annual aggregate limit of liability per business is $250,000.

For a brief overview of the program click HERE.

*The information provided in this FAQ and brochure is for general information purposes only. The actual policy should be reviewed for specific terms, conditions, limitations, and exclusions that will govern in the event of loss.