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.