Cyber Liability

Cyber Liability

Eligible States: Florida, California, Georgia, Texas

Monoline Cyber Liability coverage available for community associations.

• Classes Considered
  • Residential Condominium Associations
  • Commercial Condominium Associations
  • Cooperatives
  • Homeowners Associations
• Coverages Offered
  • Breach Response & Breach Response Costs
  • Data & Network Liability
  • Regulatory Defense & Penalties
  • Payment Card Liability
  • Media Liability
  • Cyber Extortion
  • Data Recovery
  • Business & Dependent Business Interruption Loss
• Eligible Territories
  • Florida
  • California
  • Georgia
  • Texas
• Features and Options
  • Property Manager automatically included
  • Limits offered include $100,000, $250,000, $500,000, and $1,000,000 Annual Aggregate plan options
  • Deductible: $5,000 Each Incident or Event
  • Continuity Date: Inception of Policy or can be matched with prior DEC page
• Eligibility and Authority Levels
  • 3rd party property management firm required
  • No claims or complaints with respect to privacy, a breach of information or network security, unauthorized disclosure of information during the past 5 years
  • Applicant must not be aware of any fact, circumstance, situation, event or transaction which may give rise to a claim or loss under the proposed insurance or to any obligation to provide breach notification to any third party
  • Applicant has not been subject to any government action, investigation or subpoena regarding any alleged violation of a privacy law or regulation
  • Applicant has not notified consumer or any other third party of a data breach incident involving the applicant
  • Applicant has never experienced an actual or attempted extortion demand with respect to its computer systems
  • Gross Annual Revenue up to $4,000,000 (Refer to underwriting for higher revenue)