Any small or medium sized business that relies on computers and technology to function is at risk of suffering a cyber-attack. This incident can affect the company’s ability to operate and its reputation. These businesses are particularly vulnerable as their IT security tends to be less sophisticated and they have fewer resources available to them to prepare, manage and recover from an incident.
We have designed our market leading Cyber Beazley Breach Response (BBR) solution to help businesses prepare, manage and recover from a cyber incident. Our insurance solution offers much more than just paying a claim should the worst happen.
Our service is broken down into 3 integral parts:
1. Pre-breach – we help clients to understand the cover, the risks and educate their employees about effective cyber security and risk management processes.
Our clients also benefit from:
2. Breach response – if a cyber incident occurs, our in-house Cyber Services Team will work side by side with our client until the incident is resolved.
3. Claims support - Our award winning cyber & tech claims team is at the forefront of defending clients against cyber incidents.
The type of protection that our coverage includes
The types of services include:
First Party: Your losses
Third Party: Your liability to others
Helping SMEs manage cyber incidents swiftly and smoothly
We have years of experience and a long track record in providing cyber insurance. Our expertise includes helping tens of thousands of clients manage and get their business back on track following a cyber-attack or data breach. This means that we understand how overwhelming and shocking an incident can be, and it is why we created this market-leading, fully-fledged cyber cover to support businesses.
In the event of an incident our Cyber Services Team works alongside clients to investigate the source and take steps to resolve and prevent further spread of the incident. This is done via specialist service providers and vendor services.
The Cyber Services team will continue to collaborate with clients throughout the investigation and response process, to provide guidance and to arrange breach investigation and response services provided by our network of expert service providers.
Find out about our full range of cyber services here
Our cyber policyholders can benefit from discounted rates for anti-phishing tools and training, email security services and best practices, cyber risk analysis and other pre-breach services through our carefully selected vendors of cyber security experts.
We also pay for the associated costs through our critically acclaimed Claims Service to further support the handling of the aftermath of a cyber incident.
Small and medium sized businesses
For accounts under US$35m in revenues and maximum limits of US$5m brokers can access this product via the myBeazley platform, which provides them with the ability to get a quote and bind this product at the touch of a button. Find out more.
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.
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.
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.
A school district was hit with ransomware and two of its servers were completely encrypted. Critical documents were rendered inaccessible. Cyber Services coordinated an engagement with forensics and legal counsel. Forensics was able to quickly identify the type of ransomware and determine its known capabilities. They were also able to find the decryption key for this particular strain of malware and use it to successfully restore all of the district's files.
A manufacturer employee's active directory account was compromised. The hacker used the employee's mailbox to send emails requesting a money transfer to some outside account. Cyber Services arranged for the manufacturer to work with panel counsel and forensic firm. The forensic firm determined that no personally identifiable information had been compromised and the law firm determined the manufacturer had no obligation to notify.
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