Steve Tchepak, CHU's Head of Underwriting, emphasised the evolving nature of risks faced by strata communities. He noted that cyber threats are no longer confined to large organisations but are increasingly affecting everyday transactions such as invoices, levy notices, and supplier communications. By incorporating this coverage, CHU aims to support strata managers and owners with solutions that evolve alongside the environment they operate in.
This proactive approach reflects CHU's commitment to strengthening strata communities by anticipating emerging risks and providing comprehensive protection. Strata owners and managers are encouraged to review their current policies and consider the benefits of this new cyber coverage to ensure their communities are adequately safeguarded against the growing prevalence of cyber threats.
Please Note: If this information affects you or is relevant to your circumstances, seek advice from a licensed professional.
