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
