ALTA surveyed agents and discovered in 2022 some victims of wire fraud reported recovery, but only 17% recovered lost funds. This is a growing cyber crime which makes finding coverage for wire fraud and cyber liability extremely difficult, and expensive.
TIAC offers Client Funds Protection for a sub-limit of $100,000 for an additional fee of $500.
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This information is provided for the purpose of illustration. The coverage provided is that set forth in the terms, conditions, and limitations of the policy of insurance.