TAP Sales for cyber

Hanover Cyber Advantage Pro offers several important types of first-party expense coverage and third-party liability coverage in a standalone policy form with dedicated cyber limits, providing all-in-one protection against a wide range of cyber threats.

With TAP Sales for cyber, 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.

Small Firm coverage level offering

Our Small Firm coverage level offering 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. With TAP Sales, you can quickly and easily quote, bind and issue a stand-alone Hanover Cyber Advantage Pro policy for eligible small businesses via the Small Firm coverage level offering.

Appetite

Arts and entertainment
Agriculture
Construction
Consultants
Retail and hospitality
Professional services
Transportation
Wholesale

Eligibility

Up to $25 million revenue
75 or fewer employees
Zero losses in the past three years

In addition to the firmographic criteria, eligibility is also dependent on an assessment of the technical characteristics associated with the applicant’s external facing network(s).

For businesses not eligible for the above Small Firm coverage level offering, you can obtain a non-bindable premium indication via the Standard Firm coverage level offering in TAP Sales.

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 additional availability in ND and SD.

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 in TAP Sales. You can then work directly with your dedicated cyber underwriter to tailor the coverage, limit and retention options to align with your customer’s cyber needs.

Hanover Cyber Advantage Pro delivers smarter cyber protection by combining critical third party liability and first party expense coverage in a single, unified form with a dedicated cyber limit.

View Small Firm coverage level offering

Choose from three tiers of preselected cyber coverage, limit and retention options to meet each of your small business customers' unique needs.

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

Small firm coverage level offering is not available in ND and SD. In NM, only the $500K limit option is available.

Standard Firm coverage level offering

This demo of TAP Sales for cyber will show you just how easy it is to quote and issue or obtain a premium indication for our Hanover Cyber Advantage Pro product.

Appetite

Arts and entertainment
Agriculture
Construction
Consultants
Retail and hospitality
Professional services
Transportation
Wholesale

Eligibility

Up to $25 million revenue
75 or fewer employees
Zero losses in the past three years

In addition to the firmographic criteria, eligibility is also dependent on an assessment of the technical characteristics associated with the applicant’s external facing network(s).

For businesses not eligible for the above Small Firm coverage level offering, you can obtain a non-bindable premium indication via the Standard Firm coverage level offering in TAP Sales.

Standard Firm coverage level offering

Product offerings

Hanover Cyber Advantage Pro delivers smarter cyber protection by combining critical third party liability and first party expense coverage in a single, unified form with a dedicated cyber limit.

View Small Firm coverage level offering

Choose from three tiers of preselected cyber coverage, limit and retention options to meet each of your small business customers' unique needs.

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