What we offer
Beazley’s InfoSec policy offers large businesses an unrivalled range of coverage options to address their evolving cyber risks. Coverage includes:
Breach response costs
- Legal services
- Computer forensic services
- Notification services
- Call centre services
- Credit monitoring, identity monitoring or other personal fraud or loss prevention solutions
- Public relations and crisis management expenses.
- Business interruption loss from security breach or system failure
- Dependent business interruption loss from security breach or system failure
- Cyber extortion loss
- Data recovery loss
- Data and network liability.
- Third-party information security and privacy coverage
- Full media liability
- Regulatory defense and penalties
- Payment card liability and costs.
- Fraudulent instruction
- Funds transfer
- Telephone fraud.
Limits up to $50m/€50m
How can we help
We recognize that preparing for and preventing cyber incidents have become inseparable from insuring a cyber loss and are here to help by providing the support services and proactive guidance clients rely on to meet and improve their controls and cyber security requirements.
Beazley offers a full suite of pre-breach breach and risk management services through our in-house Cyber Services team and Lodestone Security LLC, a wholly owned subsidiary of Beazley plc that was created to provide cybersecurity consulting services tailored to enhance our clients’ cyber defenses.
Beazley’s Cyber Service team provides a full range of resources to help mitigate risks before an incident occurs. On our Beazley owned and managed risk management portal, beazleybreachsolutions.com, cyber policyholders will find resources for incident response planning, employee training, compliance, and security best practices. Our Cyber Services team also coordinates a variety of pre-breach services such as onboarding calls, incident response plan reviews and workshops so our policyholders can improve the robustness of their cybersecurity.
Who we can help
Organisations from a wide range of industries including:
- Financial institutions
- Higher education
- Professional services firms
Where Is This Offered?
The Beazley Difference
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
A school district was hit with ransomware and two of its servers were completely encrypted. Critical documents were rendered inaccessible. BBR 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. BBR 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.
The descriptions contained in this communication are for preliminary informational purposes only. Coverages are underwritten by Beazley Solutions International Limited on behalf of Beazley syndicates at Lloyd’s or Lloyd’s Insurance Company S.A. (“LLoyd’s Brussels” - a subsidiary of Lloyd’s and authorised by the National Bank of Belgium) or Beazley Insurance dac and will vary depending on individual country law requirements and may be unavailable in some countries. The exact coverage afforded by the products described in this communication is subject to and governed by the terms and conditions of each policy issued.
Your Beazley Team
New York, NY, USAView profile
London, UKView profile