Each and every claim limit
By providing cover on an individual claim basis, policyholders aren’t restricted by a policy aggregate and the full benefits of cover are available each time a crisis strikes, even if you experience multiple cyber incidents in the same policy period.
Nil Deductible
The policy provides a separate, full, additional limit to manage incident response costs, including forensic investigation costs and breach notification. This is to protect the main policy limit to pay for subsequent costs to handle potential litigation or regulatory actions.
Comprehensive computer crime cover
The policy provides comprehensive crime cover for a wide variety of third party electronic crimes involving the theft of money and fraud, including phishing scams, electronic wire transfer fraud, telephone hacking and social engineering. The policy also covers the personal assets of SEOs in the event that their electronic funds or identities are stolen.
System repair costs
On top of standard data repair and reconstitution, the policy provides a full limit for costs associated with reconfiguring and rebuilding systems and networks after a system failure or corruption following a cyber-attack, including staff overtime costs and external specialist consultants.
Full retroactive cover
Cyber-attacks are often discovered long after they first occur. Our policy is one of the very few that offers full cover for events that occur prior to the first inception date of the policy, aligning cover with the point when the breach was first discovered, rather than when it first occurred.