Cyber Insurance

Cyber Insurance

Preventing the domino effect

Data leaks and data losses can lead to regulatory fines and PR nightmares, while attacks could lead to shut-down servers and loss of both confidence and profits. AIG understands this and provides a package of protection that includes insurance and specialist advice.

Fines and investigations cover

This includes data administrative investigations and fines from data protection regulators that are insurable at law

Electronic data cover

This includes data restoration, recollection and recreation following a security breach or data leak

 

24/7 response

Our CyberEdge Breach Response Team will access information assurance experts as well as a leading law firm to offer consultancy that can respond in a crisis and help our clients take the best course of action.

Protecting reputations

Cyber incident response services include PR repair of company and individual reputations, breach coaching and any breach of information notification and monitoring costs

Designed especially around the risk

CyberEdge is designed to respond to a variety of cyber risk exposures not covered under conventional casualty insurances.

 

Who is it for

Today almost every business is depending on their critical data. CyberEdge is suitable for consideration by most organisations, apart from Financial Institutions.

Data Liability

Covers the financial consequences of losing or mis-appropriating customer or employee data.

Crisis Management and Breach Coaching

Provides access to a cyber-incident response team from industry specialists and covers the PR costs of reducing the damage it could cause to your reputation. Includes forensic services following a data breach; assistance to repair company and individual reputations; breach coaching and associated notification costs.

Administrative Obligations

Covers the potentially significant costs and expenses of a data protection regulator’s investigation and fines following data security breaches.

Electronic Data

Covering the costs of restoring, recollecting or recreating data after a leak or breach.

Claims

Our claims specialists are ready to assist our clients’ IT department manage a cyber incident from the moment it occurs. Our team provides the additional layer of defence an IT department needs to face the issue and its consequences.

Claim Benefits

  • 24/7 access to our claims team to report a claim or seek guidance
  • Access to local claims specialists and panels of domestic and international legal advisors on the ground around the world with the local expertise to handle cyber claims on the ground around the world
  • Complimentary one hour consultation with a breach coach and access to a breach response team to prepare for a cyber attack.

Add Our Expertise To Yours 
CyberEdge provides breach coaching, forensic services and insurance to get your clients business back to normal after a cyber event. View details of the information assurance experts and key law firms we partner with to deliver this.

Report A Breach

Call our CyberEdge Breach Response Team:

Norton Rose Fullbright LLP
KPMG: +44 (0)1273 729225

CMS Cameron McKenna LLP
KPMG +44 (0)1273 730992

CyberEdge PC

Conventional insurance products may exclude or restrict damage caused by a cyber security failure. As a first-of-its kind umbrella product, CyberEdge PCSM fills these coverage gaps by providing excess and drop-down cover for multiple lines of business. This additional layer of protection helps organisations’ manage the risk of physical damage posed by cyber attacks, and provides Risk Managers with peace of mind.

Flexibility
Central to the appeal of CyberEdge PC is its flexibility. Clients may choose a combination of excess and difference-in-conditions cover, perfectly calibrated to their needs.

Response
When a cyber incident occurs, clients will need the support and guidance of experts to identify what went wrong, restore lost or corrupted data and handle crisis communications. CyberEdge PC includes event response cover for:

  • An investigation into the cause of the security failure
  • Costs to restore, recollect or recreate electronic data lost
  • Crisis communication services

 

Target Market

Almost all businesses face the potential of equipment failure, property damage and bodily injury from cyber security failures. Therefore, CyberEdge PC is relevant across a wide range of industry sectors, these include:

  • Oil and gas producers and providers
  • Utility providers (water and electricity)
  • Manufacturers
  • Transportation (airlines, rail, marine, traffic systems)
  • Retailers
  • Education
  • Mines
  • Financial Services
  • Hotels
  • Telematics
  • Hospitals