New Strata policy addresses increasing cyber risk for Australians
[SYDNEY, NSW] Hutch Underwriting launched a new residential Strata insurance policy today that in addition to the usual property and liability...
In the six months since we launched, our Cyber section has proven incredibly popular with strata customers. In fact, when quoted, over 70% of customers take up the coverage.
Given the popularity, from Friday, 16th June, our quotes will include the $10k limit as standard, so all of your customers will benefit from this unique, market-leading coverage. You can still offer the higher $25k limit.
We’ve also removed the cyber declaration from our system, given that standard strata proposal forms don’t ask this question.
As a reminder, our cyber coverage covers loss of funds as a result of cybercrime, as well as defence costs for liability claims resulting from loss of personal information in a cyber breach.
Please read the PDS, as well as our cybercrime factsheet for a summary of the cover, the conditions of cover and the exclusions.
From Friday the 16th June, when you quote a policy the $10k Cyber limit will be automatically included.
Our team have been very busy working on a brand new product. Want a hint of what it is? Check out our LinkedIn page.
[SYDNEY, NSW] Hutch Underwriting launched a new residential Strata insurance policy today that in addition to the usual property and liability...
With cybercrime dominating the news at the moment, we look at what the exposures are for strata and what best practices strata committees can adopt...
[SYDNEY, NSW] Hutch Underwriting to launch an innovative new annual construction insurance policy on EBIX Sunrise Exchange on Friday 16th June.