r/taxpros
Cyber insurance, E&O, BOP, looking for a better carrier, thoughts on Chubb
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I have 3 separate policies with Hiscox. Their cyber is kinda of limited. Currently have 500k but will be needing at least 1mln. Doing research to switch as Hiscox cyber policy has exclusions and even with additional riders certain things are not covered. Dependent business interruption is not covered at all, even with riders. System Failure$25,000Dependent Business Interruption❌ Not coveredDependent System Failure❌ Not coveredBricking❌ Not coveredUtility Fraud❌ Not coveredEnhanced Privacy Regulation❌ Not coveredReputational Harm$100,000Funds Transfer FraudShared $25K cyber-crime aggregateSocial EngineeringShared $25K cyber-crime aggregateReverse Social EngineeringShared $25K cyber-crime aggregate What about Chubb? Travelers, Biberk, Camino, Avon, Hartford, At-Bay, Coalition etc. Any feedback. Anyone filed claims and had a good experience.