Cyber Liability (CYBER)

Overview

Cyber Liability coverage protects against data breaches, ransomware, cyber attacks, and related financial losses. It can be added as an endorsement to an existing Accountants or Real Estate policy, or written as standalone coverage.

State Availability

Cyber coverage is not available for new business in: North Dakota, Kansas, Vermont, Arkansas, New York, California, or Massachusetts.

Note

Florida was recently added as an available state. Verify current state availability in the rating screen before quoting cyber in any state.

Coverage Components

Coverage	Description
Base Liability	Core cyber liability coverage by selected limit
Ransomware Sublimit	10% of the cyber limit — automatically calculated
Crime / Fraudulent Transfer	Coverage for fraudulent funds transfers
Reward Coverage	Reimbursement for rewards paid to identify attackers
Business Impersonation	Coverage for impersonation-based fraud
Media Liability	Online media-related liability
Telecommunications Hacking	Coverage for unauthorized use of phone systems
Business Interruption	Income loss coverage with a 12-hour waiting period

Rating Factors

Factor	How it affects the premium
Encryption Use	Credit for encrypting sensitive data
Security Awareness Training	Credit for employee cyber training
Backup Procedures	Credit for regular, tested data backups
Third-Party Vendor Controls	Credit for managing vendor security
Nature of Operations	Factor based on the type of business
Prior Acts Date	Factor based on how far back coverage extends
Claims Experience	Factor based on prior cyber claims
Waiting Period	Longer waiting periods may reduce BI premium
Minimum Premium	A minimum premium applies — varies by limit

Mid-Term Cyber Additions

Cyber can be added to an existing Accountants Standard or Real Estate Standard policy mid-term:

• For the first 90 days after adding cyber, cancellation uses a non-pro-rata calculation.
• After 90 days, standard pro-rata cancellation applies.
• Cyber can be cancelled independently from the base policy.

Cyber as Standalone vs Endorsement

	Standalone	Endorsement
Policy	Separate cyber policy	Added to existing base policy
Limits	Independent	Independent (separate from base)
Deductible	Independent	Independent (separate from base)
Documents	Separate dec page	Cyber endorsement form added