June 13, 2024

KLC Insurance Coverage Update

KLC Insurance Services, your member-owned insurance program, is constantly striving to broaden coverage and meet the needs of our unique members. We have several new options for July 1, 2024, renewals.

You can review a complete list of what is new and updated here.

Among important notices to review is the option for cyber liability coverage as of July 1, 2024. To ensure you have this essential protection, you must complete your cyber questionnaire with your renewal application. Please note that there is a minimal premium charge for this coverage.

Also new for July 1, 2024, members who elect to continue their cyber liability coverage have the option to apply to increase the limit for ransomware from $300,000 to $1 million for a minimal premium charge - subject to completion of an additional application, no prior cyber losses for the past five years, full multi-factor authentication, air-gapped backups, endpoint security, and phishing training.

As in past years, sewer backup liability is excluded from the general liability coverage. Options continue to be available to add coverage with sub-limits and deductibles, including no-fault coverage. No-fault coverage requires additional underwriting and an additional premium.