531390

Other Activities Related to Real Estate

Cyber Liability Insurance for NAICS 531390

CYB

Ranked reasons a business in NAICS 531390, Other Activities Related to Real Estate, 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

    Transaction funds move by wire on instruction.

    • Payments related to property transactions move electronically.
    • Fraudsters send fake instructions to parties in the transaction.
    • A diverted wire is money that does not come back.
    ASK
    How are wire instructions verified before funds move?
  2. 02

    Client and property records hold sensitive data.

    • Files carry identity, financial, and property information.
    • Clients disclose that data because the work requires it.
    • Every affected client must be notified.
    ASK
    What client financial and property data do you hold?
  3. 03

    Transaction deadlines are contractual and hard.

    • Property transactions carry deadlines that void contracts when missed.
    • Documents and communications run electronically.
    • A missed deadline costs a deposit or the transaction itself.
    ASK
    What transaction deadlines are you managing at any one time?

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