Partnership Provides Critical Cyber Insurance with Exclusive Rates and coverage levels for NAR Members
SAN FRANCISCO, CA: February 20th, 2020 --- CyberPolicy®, the world's first marketplace to help small and medium-sized businesses (SMBs) compare, quote, and buy cyber insurance online in minutes, today announced it has partnered with the National Association of Realtors® (NAR) to protect real estate businesses against rising cyber risk levels.
Malware, hacks and data loss are very real threats in the real estate industry where high value transactions and sensitive customer information make real estate organizations prime targets for hackers, leaving brokers being held liable for a client’s losses in the event of an attack. As the real estate industry remains highly vulnerable to cybercrime, determining which type of insurance is needed to protect businesses in the event of an online attack has proven difficult for brokers and professionals across other industries.
“The real estate industry remains highly vulnerable to cybercrime, but determining what type of protection and insurance you need to best defend your business in the event of an attack can be a challenge,” said Keith Moore, CEO and Founder of CyberPolicy. “We’re thrilled to partner with NAR to offer a tailor-made solution for REALTORS® that provides them with the right cyber liability insurance to meet their needs.”
“Cyber security threats are fast-growing in the U.S.,” said NAR CEO Bob Goldberg. “It is critical for our members to understand the latest risks and stay ahead of criminals seeking to exploit them and their clients. It’s clear that there is more our members must understand to avoid these situations and to be prepared if an attack occurs. CyberPolicy will provide access to a key piece of that puzzle through a specialized program that we created with them specifically for our members.”
All cyber insurance policies will be offered through top-rated carriers, Tokio Marine and Coalition; and, as NAR’s newest REALTOR Benefits® Program partner, CyberPolicy is offering enhanced coverage for NAR members at exclusive rates. For more information about the program, please visit NAR.realtor/CyberPolicy.
In 2016, CyberPolicy became the world's first marketplace to help small businesses compare, quote, and buy cyber insurance online in minutes. Since then, CyberPolicy has expanded its cyber insurance offerings to cover 98 percent of small business types with up to $250 million in revenue and in 2019, it launched CyberPolicy Genesis, a one-click cyber insurance product available via trusted brands. CyberPolicy partners with market leaders including Chubb, Hiscox, Tokio Marine, Coalition and others to develop extensive bundled cybersecurity offerings to help small businesses "Plan. Prevent. Insure.™" against cyberattacks. CyberPolicy is a wholly-owned subsidiary of CoverHound Inc.
The National Association of Realtors® is America’s largest trade association, representing more than 1.4 million members involved in all aspects of the residential and commercial real estate industries.