Many real estate agents have been in contact with Jardine Lloyd Thompson (JLT) in relation to the Cyber Liability cover on their professional indemnity insurance policy. The Realcover policy holds a sub-limit for Privacy and Data Breach cover (Cyber Liability), although this section does not provide cover for loss of money.
When obtaining cover for loss of money, the risk management criteria is important to insurers to allow cover to be provided. We recommend agencies:
Following are two case studies that demonstrate two very different claim scenarios and show why careful consideration of your cyber liability coverage is a must.
For further information and to discuss your insurance needs, please contact Realcover by speaking with a JLT representative on 1800 990 312 or email [email protected].
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