Cyber Defence for Cargo

What we offer

Traditional Cargo cover excludes cyber risks where there is the intent to do harm, leaving a gap in protection. Our innovative solution fills this market gap, providing cargo clients with valuable cyber cover for this accelerating risk.

Our new Cyber cargo solution offers affirmative cyber cover throughout the supply chain, whether under the care of first or third party.

The cyber cargo policy covers physical loss or damage to the client’s property during transit and storage at specified locations, caused by a Cargo Cyber Event and resulting in:

fire or explosion
vessel or craft being stranded grounded, sunk or capsized
overturning or derailment of land conveyance
collision or contact of vessel craft or conveyance with any external object
general average sacrifice
jettison
theft
sprinkler leakage
temperature variation

How can we help

This market leading solution is designed to address the risks associated with storing and moving goods in an ever digitised world.

Modular  - The policies are complementary to our other marine and cyber products and can be bought separately or as a package.
Risk mitigation services -  Reducing the likelihood of a cyber incident from occurring is of primary importance. This makes the risk mitigation services that we offer of great value.
Beazley Security - With roots that stem from the specialty insurance industry, Beazley Security focuses on a layered approach to ensure that every preparation and precaution is considered; that technical defenses are in place and operating optimally; and that teams are prepared, trained, and ready to act when needed.

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

Aggregation risks - The largest accumulation of insured property is typically when it is stored awaiting transportation. Other than for large organisations the insured owner of the property is typically not responsible for the storage, property or transportation as arranged by a logistic broker. Perishables and pharmaceuticals have specific requirements around conditions for storage and transportation including temperature.

Scenarios:

Geographical widespread prolonged power outage 
Multiple vessels delayed / potential for vessel damage loss of cargo 
Port Cranes hack resulting in PD to cargo.
Port closure prolonged results in vessel power outage.
Corruption of land base transport system
Temperature monitoring SaaS provider outage 
Temperature monitoring technology corrupted at source – coding error during manufacturing that can be exploited.

*as determined by the terms and conditions of the policy.