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NEW BCS CYBER POLICY FORM!

We are pleased to announce the launch of the new BCS Cyber policy form, exclusively available from RPS!  Dozens of enhancements and a revised pricing structure continue to keep BCS’s position among the very best Cyber policies in the industry.

As the BCS form is admitted, the rollout to this platform will coincide with filing date approvals on a state-by-state basis. Effective September 5, the first four states to benefit from this major form upgrade are Arizona, Indiana, Michigan, and Tennessee. If you have any existing offers in these four states, please go back and re-quote them in order to provide your client with these top-of-the-line improvements. Other states will follow suit in the coming weeks.

NEW BCS CYBER POLICY FORM!

While the changes are too numerous to list here, a few of the highlights, some of which carry sub-limits, include:

Significantly enhanced Cyber Deception/Social Engineering coverage option* with multiple limits, lower premiums and retentions
*Subject to eligibility
Lower minimum premiums:
$3M limit - was $7,500, now $1,250
$5M limit - was $12,500, now $2,500
$10M limit - was $50,000, now $5,000
An entirely new Electronic Fraud section that includes Phishing, Telephone Fraud, Services Fraud, Funds Transfer Fraud, Reward Fund Loss and more
“Bricking” coverage - replacement of computer hardware from a covered Security Compromise
Single aggregate retention in a policy period
Removal of the aggregate limit on first party coverages means limits automatically refresh with each new covered incident
*Not applicable to Cyber Deception coverage or PCI DSS Assessment
Bodily Injury and Property Damage liability resulting from a covered Privacy or Security claim
Affirmative TCPA coverage for both Damages and Claims Expenses

For a complete comparison to the prior form, and a list of all applicable sub-limits, please review here.  And, for an updated comparison of all 3 carriers, please click here.  This information can also be found on the dashboard. For greater explanation of these coverages, contact your RPS Product Expert.