Cyber Insurance - Instant Quote

Before you enter into a contract of insurance you have a duty to answer all questions honestly and to tell us anything known to you, and which a reasonable person in the circumstances would include in answer to the questions.

We will use the answer in deciding whether to accept the risk of insurance and, if so, on what terms. You have the same duty to disclose those matters to us before you, extend, vary or reinstate this contract.

If you fail to comply with your Duty of Disclosure, we may be entitled to reduce our liability under the contract in respect to a claim, refuse to pay a claim or may cancel the contract. If your non-disclosure is fraudulent, we also have the option of avoiding the contract from its beginning.

We gather information about you (including your claims history) to consider your application for insurance. Your duty of disclosure requires you to do this. If you refuse to provide the information, we may decline your application or declare this policy unenforceable from the beginning.

This information is held by us and you may access and seek correction of it. It may be passed on to other insurers you deal with, and interested parties.

Your claims history is passed on to, and held by, Insurance Claims Register Ltd. This enables other insurers you deal with to access it, and prevents fraudulent claims.

Builtin Insurance Brokers Limited holds a full Class 2 Financial Advice Providers license, which came into effect on 5th September 2022 and replaced our transitional license. Our registration number is: FSP28581. Click here to view our registration details. This Financial Advice Providers license also covers Builtin New Zealand Limited (FSP200907) as an Authorised Body. We are regulated by the Financial Markets Authority (FMA).

See our disclosure statements here.

Our scope of service is to provide an indicative quote for cyber insurance for builders and other construction trades from our partner, Emergence.

Option A coverage includes:

- $250,000 maximum total cover

- Cyber event response costs

- Liability to third parties

- 24/7 incident response support

- $2,500 excess

- 30 days business interruption cover (after the first 8 hours)

Option B coverage includes all the cover in Option A plus:

- Criminal financial losses (max. $50,000), including:

- Cyber theft

- Invoice hacking (push payment theft)

- Socially engineered theft (max. $50,000)

 

FINANCIAL STRENGTH RATING
Lloyds of London has a rating of AA- provided by Standard & Poor's.

The Insurance (Prudential Supervision) Act 2010 requires licensed insurers to obtain a financial strength rating. The following ratings may be used by insurance companies. 

Extremely Strong	Very Strong	Strong	Good	Marginal	Weak	Very Weak	Extremely Weak	Selective Default	Default	Regulatory Supervision	Not Rated
AAA	AA	A	BBB	BB	B	CCC	CC	SD	Default	R	NR

Plus (+) or minus (-). The ratings for 'AA' to 'CCC' may be modified by the addition of a plus or minus sign to show relative standing within the major rating categories.