Hartford CyberChoice Professional
Hartford CyberChoice Professional is a cyber insurance product underwritten by Hartford Fire Insurance Company (The Hartford Financial Services Group, Inc. (USA)), available in USA. It is aimed at large enterprises and multinational groups. Coverage limits reach up to Up to $5M (primary and excess; E&S).. The policy extends beyond standard cyber liability with Cyber crime / FTF, Primary & excess and Tech E&O combined. Policyholders get 8 bundled proactive services — Phishing simulation, Training & awareness, Risk assessment and Incident response, among others — designed to reduce breach risk before a claim ever happens. The carrier holds an AM Best rating of A+ (Superior) – AM Best. It is distributed through insurance brokers.
Product Details§ 01
Advantages & Limitations§ 02
Advantages
- The Hartford: one of the largest US commercial property and casualty insurers; A+ (Superior) AM Best; 200+ years' history; specialized and dedicated CyberTech Open Brokerage team.
- Appetite for businesses with revenue up to $1B; capacity up to $5M for primary and excess liability.
- Affirmative cyberterrorism coverage included across all products; affirmative allocation provision; worldwide coverage territory.
- Broad industry appetite: construction, manufacturing, professional services, retail, entertainment, financial institutions, hospitality, transportation, wholesale trade.
- Coverage (all products): data breach third-party liability (defense and damages, fines and penalties, PCI fines), cyber first-party (data breach response expense — breach coach, forensic investigation, notification, credit monitoring, PR consultant, data restoration; BI and dependent BI; system failure and dependent system failure; ransomware and extortion negotiation and payment; cyber crime).
- CyberChoice Professional: non-admitted E&S product combining Technology E&O and cyber in one policy; designed for technology companies.
- Tech E&O coverage: broad definition of technology products/services (SaaS, IaaS, PaaS, IT services, cybersecurity, big data, predictive analytics, data entry/processing, on-demand consumer services, social media, telecom, ISPs, IT hardware, firmware, electronic equipment); broad form contractual liability; enterprise media liability; coverage for software code (IP); blanket professional services liability.
- Primary and excess capacity up to $5M; revenue appetite up to $1B.
- Eligible technology categories: SaaS, IaaS, PaaS, IT services, cybersecurity, big data, predictive analytics, data entry and processing, on-demand consumer services, social media, telecommunications, ISPs, IT hardware/firmware/electronic components.
Limitations
- Non-admitted (E&S) product; surplus lines brokers required.
- Technology companies only — certain professional service classes excluded.
- Open brokerage — retail and wholesale distribution.
- USA only.
Contact & Response§ 03
Frequently asked questions§ 04
+Who is Hartford CyberChoice Professional designed for?
Hartford CyberChoice Professional by Hartford Fire Insurance Company targets large enterprises and multinational groups in USA. Geographic scope: Global..
+What proactive security services are included with Hartford CyberChoice Professional?
The policy bundles 8 proactive services: Phishing simulation, Training & awareness, Risk assessment, Incident response, Risk platform / portal, Pre-breach advisory, Crisis management and 3rd party risk assessment. These preventive services are typically included in the premium.
+Does Hartford CyberChoice Professional help with NIS2 or DORA compliance?
Hartford Fire Insurance Company indicates the following NIS2/DORA support for this product: Not applicable..
+How can I buy Hartford CyberChoice Professional in USA?
Hartford CyberChoice Professional is sold through insurance brokers — broker contact: https://www.thehartford.com/commercial-insurance-agents/specialized-cybertech. Compare it with alternatives in USA on Ryskly before approaching a broker.