Rockford Mutual is introducing CyberWay cyber liability coverage, an endorsement built to protect your commercial insureds against cyber threats. Virtually all commercial risks have some type of cyber exposure today, and they are confident that this coverage will help protect your commercial insureds from devastating cyber attack losses.
CyberWay will be automatically included on all BOP and GL (both monoline and package) policies with all new business effective 8/1/19 and renewals renewing 9/15/19 and later. Know that this additional coverage may impact the rates on these policies so be sure to contact MIBS directly at 847.631.6658 with any questions or concerns.
Rockford Mutual Insurance Company’s CyberWay Insurance provides a package approach to insurance that includes both first party and third party coverage.
Click below for an additional look at this very important coverage.
The Retroactive Date will be the first date that Cyber Liability Insurance is added to a Rockford Mutual Business Owners policy or Commercial Package policy. If coverage is modified mid-term, the retroactive date remains the same. In some cases where the insured currently holds a cyber policy with another carrier, Rockford Mutual may be able to match their current retroactive date (subject to certain restrictions).
Coverage is provided on a claims-made and notice basis and a “defense within the limits” basis.
Minimum included limit is $50,000. Limits may be increased to $300,000, $500,000, or $1,000,000.
Questions? Contact Robin Leckner at:
robin@midwestga.com or 847-631-6658.
Disclaimer: This information provided and policy descriptions are subject to change without notice.
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