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Quote and issue online

With TAP Sales, you can quickly and easily quote and issue a Hanover Cyber Advantage Pro policy for eligible small businesses via the small firm coverage level offering, or get a non-bindable premium indication for businesses that would benefit from more customized coverage or higher limits via the standard firm coverage level offering.

Eligibility requirements for small firm coverage include:

• Up to $50 million revenue
• 75 or fewer employees
• No losses in the past three years
• Dependent on the assessment of the technical characteristics associated with the applicant's external facing network(s)

For businesses not eligible for the small firm coverage level offering, you can obtain a non-bindable premium indication via the standard firm coverage level offering in TAP Sales.

Small firm coverage level offering (including new $1M limit)

The small firm coverage level is intended for those risks requiring more coverage than is typically afforded via the ‘bolt-on�� approach, without the often-cumbersome process required to obtain standalone cyber coverage. It fills a potential product gap between business owner's policy and package policy ‘bolt-on�� cyber coverage and large limit standalone products. 

Not available in ND & SD. NM limits of $500K & $1M, CA limits of $500K/$250K/$100K. 

Four tiers of coverage for small firms

 

COVERAGE	$100,000 Limit / Retention		$250,000 Limit / Retention		$500,000 Limit / Retention		$1M Limit / Retention
THIRD PARTY LIABILITY
Privacy and security liability	$100,000	$2,500	$250,000	$5,000	$500,000	$7,500	$1,000,000	$7,500
Media and content liability	$100,000	$2,500	$250,000	$5,000	$500,000	$7,500	$1,000,000	$7,500
Fines, penalties and regulatory defense	$100,000	$2,500	$250,000	$5,000	$500,000	$7,500	$1,000,000	$7,500
FIRST PARTY EXPENSE COVERAGE
Security breach notification and remediation	$100,000	$2,500	$250,000	$5,000	$500,000	$7,500	$1,000,000	$7,500
Systems restoration	$100,000	$2,500	$250,000	$5,000	$500,000	$7,500	$1,000,000	$7,500
Cyber extortion	$100,000	$2,500	$250,000	$5,000	$500,000	$7,500	$1,000,000	$7,500
Public relations	$100,000	$2,500	$250,000	$5,000	$500,000	$7,500	$500,000	$7,500
Cyber breach or extortion reward	$10,000	$2,500	$25,000	$5,000	$25,000	$7,500	$25,000	$7,500
Hardware replacement expense	n/a	n/a	n/a	n/a	$50,000	$7,500	$50,000	$7,500
Payment card expense	n/a	n/a	$250,000	$5,000	$250,000	$7,500	$250,000	$7,500
Funds transfer fraud	$100,000	$2,500	$250,000	$5,000	$500,000	$7,500	$500,000	$7,500
Computer fraud	$100,000	$2,500	$250,000	$5,000	$500,000	$7,500	$500,000	$7,500
Systems resource fraud	$25,000	$2,500	$50,000	$5,000	$50,000	$7,500	$50,000	$7,500
Social engineering	n/a	n/a	$50,000	$5,000	$50,000	$7,500	$50,000	$7,500
Business income loss and extra expense	$100,000	12 hrs.	$250,000	12 hrs.	$500,000	12 hrs.	$1,000,000	12 hrs.
Contingent business income loss and extra expense	n/a	n/a	n/a	n/a	$100,000	12 hrs.	$100,000	12 hrs.
Reputational harm expense	n/a	n/a	$250,000	$5,000	$500,000	$7,500	$500,000	$7,500
SUPPLEMENTAL COVERAGE
Court attendance costs	$5,000	n/a	$10,000	n/a	$15,000	n/a	$15,000	$7,500
ENDORSEMENTS
Systems deficiency remediation coverage	n/a	n/a	n/a	n/a	$50,000	$7,500	$50,000	$7,500

Standard firm coverage level offering

For businesses that would benefit from a more customized coverage approach or higher limits, as well as businesses not eligible for the small firm coverage level offering, you can obtain a non-bindable premium indication via the standard firm coverage level offering in TAP Sales.

Limits up to $5 million are available, with the flexibility to amend limits and retentions for individual coverages. Target appetite and state availability are consistent with the small firm offering, with availability in ND and SD.

How it works:

You'll answer a series of questions about the business and its cyber practices to generate a non-bindable premium indication. After reviewing the indication, you can easily move forward with obtaining a bindable quote by submitting the risk to your dedicated cyber underwriter via TAP Sales. Your dedicated cyber underwriter will work to tailor the coverage, limit and retention options to align with your customer's cyber needs.