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 112.50 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

wording

ipid

eligible industries

axa xl cyber response service

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

telephone +44 (0)1245 343630
fax +44 (0)20 7784 8055
email info@angelriskmanagement.com

AXA XL
20 Gracechurch Street,
London EC3V 0BG

telephone +44 (0)20 8442 0000
fax +44 (0)20 8442 0000
email info@axaxl.com

© Angel Risk Management Limited © 2020 |Angel Risk Management Limited is an intermediary authorised and regulated by the Financial Conduct Authority (No. 718451)
Angel Risk Management Limited is a subsidiary of AXA SA.