Hartford Steam Boiler (HSB), a Munich Re company, has announced a new cyber insurance product made specifically for farmers.
The HSB Farm Cyber Insurance solution will help protect farmers and farm technology from hackers, malware, and other cyberattacks. Exposures covered by the insurance include losses due to a data breach, computer attack, cyber extortion, or misdirected payment fraud. Data collected across the farm – from farm machinery to drones – is protected by the product.
The insurance will also provide coverage for the costs of restoring data and systems in the event of a cyberattack, as well as for the loss of income.
HSB Farm Cyber Insurance also offers coverage for the farm family, for things such as identity theft, online fraud, cyber bullying, and damage from cyberattacks on the family’s computer systems and connected home devices.
The coverage is available as an endorsement to insurance companies that partner with HSB, a release said. HSB Farm Cyber Insurance can also be bundled with HSB’s Farm Equipment Breakdown Insurance.