Product covers up to £25m in capacity, assistance with cyber risk management and a 24-hour incident response service.
RSA has unveiled a new cyber solution for large and multinational businesses.
The insurer stated that its new offering was an evolution of its existing cyber product for SMEs and has been designed to provide comprehensive cover, assistance with risk assessment, and provision and management of post event services.
RSA detailed that Cyber Protection provides cover of up to £25m in capacity, assistance with cyber risk management and a 24-hour incident response service.
Liability
It noted that standard cover includes:
- data liability and network security liability
- multimedia liability
- regulatory costs, fines and penalties
- cyber business interruption and contingent business interruption
- payment card industry expenses
- cyber extortion and payment diversion fraud
- breach response including notification costs, IT forensic costs credit monitoring costs (see product brochure for full list of response costs)
- reputational and crisis management expenses
- mitigation and emergency costs and expenses
In addition, the product…
