U.S. Specialty Insurance Company (USSIC), part of Tokio Marine, has filed a new Cyber Insurance Endorsement in Oregon, designed as a bolt-on coverage for small businesses attaching to General Liability, Professional Liability, or Package policies. The filing, submitted by Insurance Regulatory Consultants, LLC, is awaiting approval and marks USSIC’s first cyber insurance product.

The program introduces several new endorsements, including Ransomware Attack Sublimit and Coinsurance, Biometric Claims Sublimit, Pixel Tracking Exclusion, Change Healthcare Prior or Pending Claim Exclusion, and MEDEFENSE Plus Coverage for regulatory billing E&O targeted at healthcare providers. Discounts of up to 4% apply for certain sublimit selections, with an additional 25% discount available for accepting 50% First Party Coinsurance.

Applications require applicants’ consent to non-intrusive vulnerability scans of internet-facing systems. The filing references major MFA and cybersecurity vendors such as Okta, Duo, CrowdStrike, SentinelOne, and Sophos, and defines terms like EDR, immutable backups, and MFA in a Cyber Glossary.

USSIC notes that rates were developed using actuarial judgment based on its NetGuard Plus experience, as the company has no direct cyber loss history. The coverage is claims-made and reported, with defense costs reducing the policy limit, and coverage limits ranging from $25,000 to $1 million.