The new CyberFirst is available in most states in early 2017. Its enhancements will enable you to better meet your public entity clients' needs. See below for more details, and download a map to find a Travelers Public Sector Services Territory Manager near you.
Cracking the code to impactful CyberFirst conversations
Provide a look into how public entities are vulnerable, what is at stake and methods to help protect against hacking and data breaches.
Do your public entity clients understand what their cyber risks are? What can they be doing to better manage their cyber risks? The Travelers Cyber Risk Pressure Test is a four-part questionnaire to help them find out.
CyberFirst now has even more flexibility and choice
These are some of new optional coverages your public entity clients can look forward to with the rollout beginning in January 2017:
- Retentions won’t stack. If related first party incidents trigger multiple first party coverages and more than one retention applies, the total retention won’t exceed the largest applicable retention – we won’t stack the retentions.
- Claim definition expansion. We’ll add “a written demand to toll or waive a statute of limitations” to our claim definition, which can sometimes allow more time to report a claim.
- Contingent business interruption expansion. This new optional coverage extends to the policyholder’s business interruption loss, and additional expenses directly attributable to a disruption to an IT provider’s or outsource provider’s computer system.
- Additional security breach expense reimbursement. We will reimburse for credit and identity monitoring expenses for two years or longer, if required by a notification law, as well as for expenses for fees and costs or expenses associated with the purchase of an identity fraud insurance policy.
CyberFirst still follows a unique single-policy approach, including coverage options for:
- Network and Information Security Liability
- Communications and Media Liability
- Expense Reimbursement