What it does
CU 04 98 was introduced in ISO's 2023 umbrella filing as "Cyber Incident Liability Coverage Subject To Each Cyber Incident Occurrence And Aggregate Limits" and revised to a 06 26 edition titled "Cyber Incident Liability Coverage". It provides liability coverage for cyber incidents that the cyber incident exclusion would otherwise remove, with its own limits.
Who needs it
Accounts where the underlying CGL buys back cyber incident coverage and the umbrella should follow.
How it fits the umbrella
ISO umbrella endorsements are listed on the umbrella declarations and change the CU 00 01 coverage form. Many are designed to follow a matching CGL, auto or employers liability endorsement so that the umbrella and the underlying policies respond the same way; when you add the underlying endorsement, ask whether the umbrella needs its counterpart.
Quoting and selling notes
- Check that the underlying policy has the matching buy-back and limits.
Related forms
See CU 34 56.
