531210

Offices of Real Estate Agents and Brokers

Cyber Liability Insurance for NAICS 531210

CYB

Ranked reasons a business in NAICS 531210, Offices of Real Estate Agents and Brokers, 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 wire fraud targets your clients through you.

    • Fraudsters monitor transactions and send fake wiring instructions to buyers.
    • Buyers act on instructions that appear to come from their agent.
    • A diverted wire takes the buyer's entire down payment.
    ASK
    How do you communicate wiring instructions to buyers?
  2. 02

    Client files hold complete financial and identity data.

    • Files carry identity, income, financing, and property information.
    • Buyers and sellers disclose everything during a transaction.
    • Every affected client must be notified.
    ASK
    What client financial and identity data do you hold?
  3. 03

    Transaction deadlines are contractual and hard.

    • Contracts carry inspection, financing, and closing deadlines.
    • Missing a deadline can void a contract or forfeit a deposit.
    • Documents and communications all run electronically.
    ASK
    What contract deadlines are you managing at any one time?

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