Our cyber product is suitable for all types of business, from large corporates to small start-ups, and comes with wide-ranging benefits, risk management support and a highly competitive pricing structure.

The world we live in is changing. Cyber attacks have become a genuine threat to every organisation that relies on computers and data, not just those that conduct their business online.
 

Confidentiality

  • Investigation costs: cost of conducting an IT investigation following a data breach
  • Liability: legal liability claims arising from a data breach
  • Response: cost to provide notification to affected data subjects and crisis communications support
  • Regulatory: insurable fines and defence costs related to a regulatory action following a data breach
  • Extortion: payment of a ransom to end a credible threat to release confidential data

Integrity

  • Investigation costs: cost of conducting an IT investigation following damage to data
  • Liability: legal liability claims following damage to third party data, transmission of malicious code or participation in a denial of service attack
  • Restoration: cost of restoring or replacing damaged data assets Interruption: loss of profit due to the inability to reliably use damaged data assets
  • Extortion: payment of a ransom to end a credible threat to data or introduce malicious code

Availability

  • Investigation costs: cost of conducting an IT investigation following a security breach that causes system downtime
  • Liability: legal liability claims following the denial of system access to authorised parties
  • Interruption: loss of profit due to the availability of computer systems being impaired
  • Extortion: payment of a ransom to end a credible threat to impair the availability of computer systems

Stephen Wares

Lead Underwriter

Cyber

Christopher Baddeley

Underwriter

Cyber

Richard Sands

Claims Manager

Property & Casualty

Samantha Minshaw

Senior Claims Adjuster

Property & Casualty

Additional Cover Options

  • Crime: direct financial loss resulting from the fraudulent input of instructions to transfer funds or property
  • Media: legal liability claims resulting from the content of your website(s)
  • Payment Card Industry: fines and assessed amounts under a Merchant Services Agreement arising from a payment card breach
  • Personal Information Violation: legal liability claims resulting from personal data collection, use, modification and destruction practices in violation of law or regulation
  • Reputational Interruption Loss: loss of profit due to the media reporting of a data breach event

Appetite

Industry: All sectors considered

Position: primary & excess

Line size: $10M

Targeted segment: All businesses with revenue of up to $1BN

Types: Direct open market, binders and facilities, facultative placements

Targeted territories: USA and UK; rest of world opportunities also considered

Risk management

Despite increased awareness, many organisations lack access to knowledge and resource to effectively deal with the threat of cyber attack.

So, a key part of our cyber product is risk management support.

All our policies include access to an online risk management portal to help make your business more resilient and prepared. It’s easy to understand, simple to navigate and holds up to date information on how to protect your business.

  • Educational and technical materials
  • Pre and post incident guidance
  • Training tutorials
  • Emergency contact details