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Cyber Insurance

CyberEdge safeguards organisations from the financial consequences that can result from cyber attacks and sensitive data breaches. In addition to first and third party cover, CyberEdge provides responsive guidance during an incident.

About the product

Comprehensive cyber insurance to protect businesses from one of the most volatile risks facing businesses today. CyberEdge is a modular policy with the relevant coverage sections below selected as appropriate for the client.

Headline coverages (see policy wording for details)

FIRST RESPONSE

  • Expert legal and IT forensics within 1 hour of ringing our hotline whenever clients have (or suspect) a cyber incident. No policy retention for 48 hours.

EVENT MANAGEMENT

  • Covers Legal, IT, PR services, Credit and ID Monitoring, Data Restoration and Breach Notification costs after a cyber-attack.

ELECTRONIC DATA INCIDENT

  • Extends event management coverage to include accidental damage (e.g. Power surges, natural disasters, overheating) and destruction of the computer system (e.g. vandalism).

SECURITY & PRIVACY LIABILITY

  • Covers defence costs and insurable fines for alleged breaches of confidential information, security failure, failure to notify the regulator and breaches of PCI compliance.

CYBER EXTORTION

  • Covers losses resulting from an extortion threat. Includes ransoms to end an extortion as well as fees incurred from specialist cyber extortion advisors.

NETWORK INTERRUPTION

  • Covers loss of income and mitigation expenses when business operations are interrupted or suspended due to cybersecurity incident.

NETWORK INTERRUPTION OSP

  • Extends Network Interruption cover to include losses and mitigation costs arising from an OSP security or system failure.

NETWORK INTERRUPTION: SYSTEM FAILURE

  • Extends Network Interruption cover to include losses and mitigation costs resulting from an internal system failure not arising from a cybersecurity breach.

DIGITAL MEDIA

  • Covers damages and defence costs for breaching third party intellectual property, or negligence in connection with electronic content.

TELEPHONE HACKING

  • Covers charges from unauthorised access and use of a business’s telephone system, whether initiated on or off their premises.

COMPUTER CRIME

  • Covers financial loss from fraudulent electronic fund transfers arising from a cybersecurity breach, and impersonation fraud where clients are tricked by fraudulent emails.

CRIMINAL REWARD FUND

  • A reward paid for information that leads to the conviction of anyone attempting to commit an illegal act relating to cover provided by CyberEdge.

About the insurer:

AIG is one of world’s leading insurers of cyber risks, having been underwriting cyber security insurance for 20 years. Here in the UK, American International Group UK Ltd is one of largest companies specialising in the UK business insurance market.

With offices throughout the country, we insure many of the UK’s top businesses, thousands of mid-sized and smaller companies, as well as millions of individuals.

This mirrors the company’s global strength; AIG has operations in more than 80 countries and jurisdictions that provide a wide range of insurance products to support businesses and individuals throughout the world.

How to Request a Quote: 

To obtain an insurance quote, please us your Proposal Form below and email it to quote@capitalindemnity.co.uk

Call: 0203 488 7193

Email: broker@capitalindemnity.co.uk

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Capital Indemnity Ltd are Authorised and Regulated by the Financial Conduct Authority. Our FCA Number is 936947. Our Registered Office are at Duke House, 15 Seymour Street, London, SE18 6SX. Our Companies House Number is 12904305. Our ICO Registration Number is ZA876843.

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