AT&T and its subsidiary, AT&T Insurance Agency, are collaborating with Lockton Affinity and CNA to provide SMEs with cyber insurance policies.
The new offering, CNA Epack Extra, will cover business interruption, extra expense, network security liability, privacy injury liability, data restoration, and network extortion costs. The product also covers privacy regulatory civil fines, privacy event costs, and even penalties.
Policy limits for the new offering range from $250,000 to $10 million.
According to AT&T, the policy will enable its business customers to mitigate, monitor, and transfer cyber risk through CNA.
“AT&T Managed Cybersecurity Solutions provide superior cyber protection, which is recognized by insurance industry leaders,” said AT&T Business vice president of cybersecurity solutions Danessa Lambdin.
“By offering our customers a combination of cybersecurity technologies and access to broad cyber insurance through CNA, we’re providing them with more options to help protect themselves and recover from cyberattacks.”
Life Insurance International reported that the offering will be brokered through Lockton Affinity and underwritten by CNA for AT&T Cybersecurity Solutions.
“By offering this policy with small and mid-sized business needs in mind, CNA is able to provide the coverage they need at a price that recognizes the managed cybersecurity controls they have proactively implemented,” commented CNA director and industry leader for cyber Brian Robb.