Firms With Under $10 Million in Revenue

Most brokers have little oversight of the licensees’ email and computers. Many licensees are using vulnerable free email like Google and Yahoo, have limited virus protection, and are not aware of how to detect and avoid online threats. This is why criminals have targeted the real estate industry.

 

What the Policy Pays For:

  • Attorneys, Computer Forensic experts, and Other Expenses to investigate, help recover, and defend you after a Cyber Event
  • Damages, such as replacing money stolen due to wire fraud, or paying for copyright infringement or ransomware recovery.
  • Notification and credit monitoring to those who had sensitive personal data compromised
  • Upgrade of computers/software to prevent future breaches
  • 24/7 Cyber Incident Response- Cyber experts available to help you recover after a breach

What’s Covered:

  • Wire Transfer fraud- Theft of client money by fraudulent wiring instructions, etc.
  • Data Breach- Theft of private business and/or client information.
  • Multimedia Liability- Claims of copyright infringement, defamation, plagiarism from use of photos, home inspections, etc.
  • Cyber Extortion/Ransomware-Threat to release, or prevent access to client and other data on your computer unless you pay a ransom.
 

Policy Info:

The Realty Cyber policy has two ways to protect you, and your client’s funds; liability and crime coverage. Most cyber policies only have liability coverage and may not cover client’s funds.

  • Liability Policy Limit- Pays for attorneys, and damages you are legally liable to pay for copyright infringement, libel/slander, or, if due to a real or suspected computer hack, wire fraud, identity theft, etc.
  • eCrime- Pays to replace your, or your client’s funds controlled by you due to fraudulent wire instructions, phishing or other cyber-crime. So if your firm has Broker Held Escrow, does Property Management, etc. where you hold client funds and wire money to a fraudster. Unlike liability, no computer system hack is needed for coverage.

Gross Revenue is all Commissions and Fees received prior to any splits.

POLICY LIMIT $500,000 $1,000,000
eCRIME (wire fraud of your/client funds) $50,000 $100,000
DEDUCTIBLE $2,500 $2,500
STANDARD PREMIUM
Past 12 Months Gross Revenue:
$0 to $2,000,000
$2,000,001 to $5,000,000
$5,000,001 to $7,500,000
$7,500,001 to $10,000,000
$1,000
$1,200
$1,600
$2,800
$1,250
$1,500
$2,000
$3,500
PREFERRED PREMIUM
Past 12 Months Gross Revenue:
$0 to $2,000,000
$2,000,001 to $5,000,000
$5,000,001 to $7,500,000
$7,500,001 to $10,000,000
$800
$960
$1,280
$2,240
$1,000
$1,200
$1,600
$2,800

To download a sample of the Realty Cyber Purchasing Group policy, Click Here.

To get started, click the Start Application button below to watch a required 3 minute Wire Fraud Prevention and Cyber Security video. Once the video ends, you will be able to download the application and email it to quotes@realtycyber.com. To get started CLICK HERE.

Once we receive your application we will send you a link to pay your policy. You will usually receive your Certificate of Coverage the following business day. Your policy will last one year from your purchase date.

To download a sample of the Realty Cyber Purchasing Group policy Click Here.

Firms with revenue UNDER $10 Million

Download Application

We use a Master Policy for all Members, so you will be issued a Certificate of Coverage showing the coverage you chose. Coverage begins the day after your purchase. For more details, go to our FAQ page click here.

* Membership in the Realty Cyber Purchasing Group is required and is an additional $100.

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