Cyber risk is becoming so complex and has so many different meanings to world business that it is impossible to provide a one size fits all insurance product. This has lead to difficulty in quantifying loss and for a buyer to understand the cyber product and what is covered.

So we have developed, with Lloyd’s underwriters, a ‘pick you own’ cyber policy concept in which relevant modules are selected according to the buyer’s risk, and which are specifically targeted to cyber exposed business in most industry sectors.

Cyber Modules

  • Network interruption and recovery: covers a company’s own losses from network interruption or security breach.
  • Electronic theft and computer fraud: covers the loss of money or assets following a security breach.
  • Professional Technology Services: covers actual or alleged breach of duty, error or omission in providing technology services.
  • Non technology and miscellaneous services: covers actual or alleged breach of duty error or omission in providing non technology services that are subject to cyber risk.
  • Network extortion: covers the cost of an extortion threat against the insured’s network.
  • Reputational Damage: covers loss of business income from a loss of contract and reputational damage after network event.
  • Social fraud: covers loss of money or assets as a result of phishing or an electronic scam.
  • Privacy regulatory defence: covers legal defence costs for regulatory action brought following breach of privacy regulations.
  • Event support expense: covers the costs of mitigating adverse publicity after a network event (includes personal credit monitoring)
  • Security and Privacy liability: covers legal liability from failure to protect confidential information.
  • Multimedia liability: covers liability from advertising and intellectual property risks.
Each module consists of standard coverage with an additional coverage section as required.

Coverage Details and Features

Standard Coverage includes:

  • Pre and post breach risk management services
  • Crisis management and brand re-establishment costs
  • Forensic costs
  • Cyber terrorism
  • Rogue employees
  • Worldwide jurisdiction
  • Voluntary notification
  • Reputational harm
  • Liability covers extend to providers and vendors
  • Full Prior Acts
  • Computer crime and fraud
  • Programming and human error

Additional coverage includes:

  • Vendors business interruption and data restoration
  • Contingent Bodily injury/Property Damage
  • Notification costs in addition to limit
  • Fines and penalties payment to payment card companies
  • General liability


Nathan Rose

New Business Executive
T: +44 (0) 207 481 1683
M: +44 (0) 747 199 8787


Alex Cassey

Senior Broker
T: +44 (0) 207481 1683
M: +44 (0) 772526 3219


Mathew Myles

Divisional Director
T: +44 (0) 207 481 1683
M: +44 (0) 738 451 1852


Mauricio Loyola

Managing Director Latam
T: +56 (2) 333 99 771
M: +56 (9) 713 57 788