What we offer

Operational technology protection

Preparation services

Included as standard is a cyber risk assessment and on board survey by a leading certifier, to assist in risk understanding and mitigation.

Financial loss

  • As a result of a cyber event, financial indemnity for:
  • Loss of hire – following event impacting vessels
  • Physical damage to vessels

Vessels

Single commercial vessels and fleets

Limits 

  • US$5 million – loss of hire
  • US$50 million – physical damage

 

Standalone, extension or package

These coverages may be purchased either on a standalone basis or as an extension of our marine hull policies.
They are also available to purchase alongside our data and information technology protection to form a comprehensive package that includes shore-side operations.

Data and information technology protection

Our Beazley Breach Response (BBR) and InfoSec products incorporate unparalleled coverage and comprehensive solutions to protect against a broad range of threats including:

  • business interruption and contingent business interruption from information technology security and system failure 
  • cyber extortion, data recovery costs, data network liability and eCrime.   

Beazley is unique among insurers in having a dedicated business unit, BBR Services, that focuses exclusively on helping clients manage cyber incidents successfully.

And in the event of an incident, the policy will cover:

  • breach response costs for legal services and computer forensic services
  • notification  and call centre services
  • credit monitoring, identity monitoring or other personal fraud or loss prevention solutions
  • public relations and crisis management expenses. 
     

 

How can we help

This market leading solution offers a set of policies designed to address the risks associated with vessels' operational technology and covers: 

  • Loss of hire
  • Physical damage
  • Modular – The policies are complementary to our other marine and cyber products and can be bought separately or as a package. The operational technology protection can also be purchased as a policy extension to our hull product.
  • Preparation services – Reducing the likelihood of a cyber incident from occurring is of primary importance. This makes the prevention services that we offer of particular value in order to mitigate the risk and demonstrate compliance with the forthcoming IMO guidelines.
     
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The Beazley Difference

BEING BOLD

Freedom lies in being bold. We dare to be different and seek bold possibilities to create more innovative, fair and satisfying outcomes for our clients, brokers and employees. From insuring the highest building in the world, to the first commercial lunar vehicle to operate on the moon - we boldly go where others won’t.

STRIVING FOR BETTER

Good is a start, but we go all-out for better.  A driven community of individuals relentlessly push the needle and creating value. From launching the market’s first dedicated ESG syndicate to the establishment of our business unit focusing on designing digital insurance solutions, we pride ourselves on always going above and beyond.  Simply put, at  Beazley we go to 11.  

DOING THE RIGHT THING

Acting with integrity in a straightforward, decent way is instinctive. Open and honest with others, we show respect and empathy however challenging the situation – demonstrated by our multi-award winning claims team.  Doing the right thing makes for a fair-minded, rewarding environment and makes work and life better for all.

Examples or Scenarios

  • Ransomware embedded within Automatic Voltage Regulator software could prevent generators from providing power. Maximum speed is reduced to a level that is insufficient for the tide resulting in the ship running aground. 
  • Malware propagates from an IT system to a vessel’s computer corrupting the software which runs the integrated bridge system. This results in the auto pilot not following correct track. 
  • A disgruntled employee embeds malware in the Electronic Chart Display & Information System software update causing it to lose reference, resulting in the vessel running aground. 
  • The assisted collision Automatic Radar Plotting Aid (VHF/GPS/AIS) is corrupted or alerts overridden meaning there is insufficient time to take avoiding action.

Your Beazley Team

 
 

Richard Young

Richard Young
Underwriters

Richard Young

Focus Group Leader - Hull & War

London, UK

+44 20 7674 7588 Email Richard Young View profile

Kelly Malynn

Kelly Malynn
Underwriters

Kelly Malynn

Senior Risk Manager

London, UK

+44 20 7674 7037 Email Kelly Malynn View profile

James Pooley

James Pooley
Claims Managers

James Pooley

Claims Team Leader - Marine/Aviation

London, UK

+44 20 7674 7432 Email James Pooley View profile