Cyber attacks are one of the biggest risks facing organizations today, so companies must ensure they have robust IT security and comprehensive cyber insurance coverage in place.
Our Cyber policy protects against the range of risks associated with network security and privacy breaches and provides critical support in the event of a cyber attack.
Today, every aspect of modern business relies heavily on information technology. While companies are allocating significant resources to fortify their networks from hackers and malware, no IT solution will ever be enough. A cyber attack can cripple a company’s operations whilst also impacting their reputation with clients and stakeholders. Broadening legislation is increasing corporate responsibility around data protection, only adding to the need to have protective measures in place. It is for this reason that insurance is a core solution for any company looking to manage this risk.
To make sure you are protected, our underwriters will work closely with you to create cover that suits your specific needs. We take the time to understand your business from top to bottom, so we can provide bespoke cover that protects you against current and emerging cyber risks.
We’ve teamed up with a panel of experts to provide 24-hour support if you experience a cyber event. That might involve providing a forensics team to work out how the cyber breach happened and how to fix the problem; legal advice relating to fulfilling regulatory requirements; or managing a PR response to minimize any impact to your reputation.
At QBE, we don’t believe in just covering risks; we help you to manage and reduce them. We are delighted to offer our insureds a range of risk management support tools including:
We have underwriters who specialize in Cyber insurance in all of the major geographies in which QBE has operations. We can also provide policies in a range of languages. For companies with operations in multiple territories, we can write global cyber programmes.
Our modular cyber policy can include coverage for:
- Network Security and Privacy Liability Coverage (inc PCI-DSS)
- Privacy Regulatory Proceeding
- Online Media Liability
- Event Expense & Bricking
- Network Extortion
- Business Interruption & Dependent Business Interruption, plus claims preparation costs
- Consequential Reputational Loss
- Reward Fund
- Cryptojacking
- Social Engineering
Underwriting Manager, Financial Lines
Technical UW Team Lead
Underwriter Team Lead