Cyber Liability Insurance for NAICS 236117

Ranked reasons a business in NAICS 236117, New Housing For-Sale Builders, needs Cyber Liability coverage. Each reason is specific to how this industry actually loses money, and ends with the question to ask before the objection comes up.

1. 01

   Closing funds are the target and the wire goes once.

   • Closings move the full purchase price by wire on a scheduled date.
   • Buyers receive wiring instructions by email and act on them.
   • A diverted closing wire takes the buyer's entire down payment.

   ASK

   How are wiring instructions delivered to buyers before closing?

2. 02

   You hold the buyer's complete financial and personal file.

   • Contracts, deposits, credit applications, and identification are collected from every buyer.
   • That file is enough for identity theft on its own.
   • State law requires notification to every affected buyer.

   ASK

   What buyer financial and identification records do you hold?

3. 03

   Sales, selections, and closings all run through one system.

   • Contracts, option selections, construction schedules, and closing dates are managed together.
   • Lenders, title companies, and buyers all work to those dates.
   • A slipped closing date has consequences for the buyer's financing and moving.

   ASK

   What software holds your sales contracts, selections, and closing schedule?