Committed to providing user-friendly policies, Beazley has made things simpler for UK businesses looking to take out comprehensive cyber insurance.
The specialist insurer has streamlined the forms for both its Beazley Breach Response (BBR) and InfoSec offerings. BBR has a proposition designed for small- and medium-sized organisations while the latter is Beazley’s information security & privacy product for larger firms.
Meanwhile access to the in-house breach response unit BBR Services has now been extended to bigger enterprises, affording them the option to use it under their policies. A risk management portal also provides newsletters and live expert webinars, as well as resources for incident response planning, employee training, compliance, and security best practices.
As for the forms, they have been revised to integrate first-party covers into the main policy instead of them being added by endorsement. These include cyber extortion, data recovery costs, business interruption, contingent business interruption, and e-crime.
The goal is to make cover easier to understand for brokers and customers alike.
“Businesses are playing catch-up with highly adaptable cyber criminals,” said Paul Bantick, head of cyber & executive risks for London and international at Beazley. “Our role is to ensure our clients have the support they need to defend themselves against attacks and data breaches.
“Beazley’s BBR and Infosec insurance policies are designed to offer 360° protection to suit the needs of businesses in a way that is clear and easy to interpret. By accessing BBR Services, our clients can have pre- and post-breach support to prevent or mitigate or a loss.”