Specialty insurer Brit Group Holdings Limited has announced the launch of C360, a new product specially designed for small businesses facing the complex and evolving cyber risk landscape.
Offering a simple yet broad coverage, C360 provides full protection for an unlimited number of claims on an any one claim (AOC) basis up to the full policy limit throughout the policy period.
This is crucial as small businesses are increasingly targeted due to their role in supply chains, the use of artificial intelligence (AI) by threat actors, and the expanding reliance on third-party vendors.
The product also covers events such as data theft, disruption to business operations, and impacts from critical service provider outages.
Furthermore, C360 provides support for security breaches, offering policyholders access to Brit’s 24/7 emergency hotline, a suit of forensics and data restoration services, with zero retention.
Jon Sullivan, Chief Underwriting Officer at Brit said: “We are pleased to announce the launch of C360. This is another example of Brit’s innovative cyber offering for small businesses, which is a key market segment for us.
“Small businesses are now at a greater risk of being targeted by threat actors, often due to their valuable roles in larger business supply chains. C360 provides the robust yet accessible protection they need to safeguard against a broad spectrum of cyber risks.”
Adelle Gruber, Class Underwriter, Cyber at Brit added: “All businesses are reliant on data and technology to efficiently operate, and SMEs are no different. With a growing number of threat actors finding ways to infiltrate firms’ operations, it is essential the insurance industry responds with readily available and appropriate coverage.
“With over two decades of experience in helping navigate cyber risk, we understand the unique challenges faced by businesses of all sizes and are delighted to make this latest solution available.”
