Strategic Assets – Cyber

Because of our increased reliance on information technology (IT), businesses and their supply chains have never before been exposed to so many cyber threats.

Our Cyber insurance product ‘Cyber Suite’ provides coverage tailored to the challenges your business may face due its dependence on IT networks, third party IT and business processing providers, as well as the digital assets and data they keep.

Our experienced underwriters can provide your business with the protection it needs against a range of losses, including losses arising from cyber extortion, reputational harm and property damage. We focus on tailored coverage and product innovation in this class to bring relevance to each industry sector.

Product information:

The features of our Cyber, Tech and Media E&O insurance include:

Cover included for:

• Loss of, or damage to, digital assets
• Non-physical business interruption and extra expenses
• Property Damage and resulting business interruption
• Cyber extortion and cyber terrorism
• Security and privacy liability
• Privacy regulation defence
• Special expenses such as notification expenses, PR expenses and credit monitoring
• Reputational harm
• Cyber crime
• Multimedia liability

Class of Business:

All industries, primary or excess layers

Line size:

• GBP 10 million
• USD 10 million
• EUR 10 million

What is Cyber Insurance?

Cyber insurance is a multi-peril insurance cover which responds to a wide variety of triggers. The cover principally relates to information; security, privacy, governance liability and related risks. It is a blend of third party liability and first party costs and expenses. Cyber insurance is designed to help companies deal with the financial impact of network related issues from network outages (business interruption) to the potential costs involved with data breaches, liability and expenses.