CyberSafe: Providing UK SMEs with a simple, robust solution for cyber liabilities, cybercrime and restorative support, via our quote and bind e-trade solution
Businesses and individuals have never been so connected. The data that this provides opens a wealth of opportunity that can help firms increase productivity, efficiency, quality and profitability. However, the trend towards global connectivity, along with the ever-increasing reliance on digital systems and processes, brings an unprecedented and ever-changing threat in the form of cyber risks.
Countering the complex and confusing world of cyber risks
Despite several high-profile ransomware attacks, many SMEs are still not adequately protecting their businesses. We believe that this is due to the complexity of the risks and the levels of confusing, outdated and often contradictory information that has been published on the topic.
To counter this, CyberSafe is designed for brokers to simplify the buying process by offering their clients a robust policy with strong restorative support and a wide range of first and third-party cover. Our aim is to educate brokers and their clients about the risks of cybercrime, business interruption and data/privacy loss, and to help them understand how the CyberSafe Insurance solution protects their business and reputation.
By completing a minimal question set on our full quote and bind e-trade solution, brokers can provide an initial premium indication to their clients and prospects within seconds.
First party cover key features:
- Cyber Response
- Cyber Restoration
- Cyber Expense
- Cyber Extortion
- Business Interruption
Cyber Crime, including customer payment fraud, social engineering fraud, telephone hacking and theft of money, goods, property and services can additionally be included.
Third Party Claims
Third party claims protection is provided for Cyber Liability, Network Liability, Media Liability, all as standard and can extend to include Payment Card Industry Liability.
CyberSafe Insurance product benefits:
- Full access to our broker administered simple step by step quote and bind e-trade platform (which includes an immediate premium indication and target premium feedback facility)
- Immediate issuance of full contract certain quotations and policy documentation
- No statement of fact/preconditions
- 24/7 integrated breach response from ReSecure
For more information about CyberSafe Insurance or our e-trade solution, contact your NMU Development underwriter or our cyber team;