cyber liability insurance - Angel Underwriting

cyber liability insurance

Our Cyber liability insurance product is available, on a non-referral basis only, as a standalone policy designed to insure your SME clients where they have been the victim of a breach or attack on their computer network or infrastructure or suffer a financial loss as a result of a network compromise, including extortion demands.

product overview

  • Statement of fact based product - no need for proposal form
  • Companies with up to 10,000,000 turnover
  • Limit of indemnity up to 1,000,000
  • Aggregate policy limits
  • Defence costs included in the limit
  • Premiums from 250 plus levy
  • Minimum excess 1,000
  • Business interruption excess 6 hours
  • Eligible industries are the same as for our PI products
  • Companies holding less than 10,000 personal data records
  • Commission 25%
  • 24 hour crisis management and incident response hotline

coverage highlights

  • Multimedia internet liability
  • Privacy and security breach liability
    • Failure to protect personal data
    • Violation of law regarding use of personal data
    • Violation of a data breach reporting requirement
    • Failure to prevent a network compromise
  • Privacy notification and crisis management costs
  • Emergency response costs
  • Extortion demands following an actual breach or credible threat
  • Business interruption
  • Loss of profit
  • Regulatory investigation defence costs
  • Loss of electronic data
  • Network compromise/denial of access caused by:
    • Malware
    • Viruses
    • Worms
    • Trojan horses
    • Spyware
    • Zero-day attacks
    • Hacker attacks
    • Denial of Service attacks
  • Operational expenses - cost of renting equipment to mitigate a loss

useful documents



eligible industries

axa xl cyber response service

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angel risk management
3rd Floor, 1 Legg Street,
Chelmsford, Essex, CM1 1JS

telephone +44 (0)1245 343630
fax +44 (0)20 7784 8055

20 Gracechurch Street,
London EC3V 0BG

telephone +44 (0)20 8442 0000
fax +44 (0)20 8442 0000

Angel © 2022 |Angel Risk Management Limited is an intermediary authorised and regulated by the Financial Conduct Authority (No. 718451) for UK business.
For business in the Republic of Ireland, Angel and Angel Risk Management are brands used by XL Catlin Services SE, Coverholder on behalf of XL Insurance Company SE. XL Catlin Services SE is regulated by the Central Bank of Ireland (Registered number 659610).