Travelers Europe announced it has enhanced its offering for technology businesses in the United Kingdom and Ireland with a packaged product to provide improved protection against the unique cyber risks facing IT, communications and electronics manufacturing and assembly companies.
The offering includes public and products liability, property damage and business interruption, employers’ liability, professional indemnity, cyber-media liability and network security insurance.
“Cyber breaches can impact a company’s operations, finances and reputation, so it’s no wonder that more than 65 percent of technology firms view cyber risks as the chief threat to their business,” said Mark Crane, technology practice lead, Travelers Europe. “This package helps technology companies protect their business and their hard-earned reputations as they manage through a cyber incident and get back to business as usual.”
The combined package includes elements such as:
- Network Security (cyber cover). A first-party cyber insurance product designed to help customers protect their businesses when a data breach or an extortion demand is discovered.
- Professional Indemnity and…
