Cyber Liability Insurance

Cyber Crime Coverage protects your agency from the most common and costly types of fraud and deception—particularly schemes that exploit trust and routine operations. 

• Funds Transfer Fraud: A hacker gains access to your agency’s email system, posing as a carrier or client and requesting wire transfers for a fraudulent insurance premium or settlement payout.
   
• Social Engineering Scams: An employee is tricked into transferring client funds or releasing sensitive information to someone impersonating a trusted contact—like a carrier rep or agency principal.
   
• Email Spoofing or Business Email Compromise: A cybercriminal gains access to a producer’s or CSR’s inbox and sends fake policy changes or payment instructions to clients.
   
• Fake Certificate Requests: Hackers request fraudulent certificates of insurance (COIs) to use in scams or claim nonexistent coverage.
   
• Invoice Manipulation: A criminal intercepts a real invoice and changes the payment details—leading to payment being sent to a fraudulent account.

• Reimbursement for lost funds due to wire fraud or impersonation
   
• Forensic investigation and legal consultation
   
• Coverage for fraudulent instructions—even if internal protocols were followed
   
• Support during extortion attempts or ransom demands
   
• Optional bricking coverage (for permanently damaged hardware)