Specialist insurer Markel International has launched its Cyber 360 policy, providing insureds with all round protection against cyber risks.
Coverage will be provided on a stand-alone and add-on basis for businesses in the UK, Europe, Canada, Asia and elsewhere.
With limits of up to $20m per risk, the new policy is offered across most businesses, industries and geographies.
Cyber 360 also offers insureds assessments of their vulnerabilities to cyber related incidents and recommendations on how to best address them.
It also provides resources and expertise in breach response, incident management, legal, forensic investigation, credit monitoring and call centre management, loss control and public relations to deal effectively with a cyber incident.
Coverage also combines third party liability and first party loss, with third party cover included for cyber, privacy, e-media and, where required, professional and technology services, as well as a range of other third party benefits.
“We are pleased and proud to launch this product, which provides valuable protection to businesses of all sizes,” said Scott Bailey, Managing Director, Cyber. Markel Cyber 360 is available through a variety of distribution channels. This type of coverage is needed more than ever today.”
“The Markel Cyber 360 value proposition includes enhanced and improved coverage for the risks that both small and large size businesses face today,” added Bailey.
“Our customers are supported by a geographically diverse panel of cyber experts accessible by dedicated hotlines. Collectively, we can help prevent a cyber incident from happening, and, if it does, mitigate the disruption and get things back to normal.”
