CHU Introduces Cyber Coverage in Strata Insurance Policies

Steve Tchepak, CHU's Head of Underwriting, highlighted the increasing prevalence of such threats: "Cyber threats are no longer abstract or confined to large organisations. They occur in everyday transactions such as invoices, levy notices, and supplier communications." This addition reflects CHU's commitment to adapting its offerings to meet the changing needs of strata owners and committee members.

For landlords and property investors, this development underscores the importance of comprehensive insurance coverage that addresses both traditional and emerging risks. As cyber incidents become more common, ensuring that insurance policies include protection against digital threats is crucial for safeguarding investments.

CHU's proactive approach serves as a reminder for property owners to regularly review their insurance policies, ensuring they are adequately protected against a broad spectrum of potential risks, including those arising from the digital realm.