Cyber risk is an exposure that no modern business can escape, and the financial impact of cybercrime and ransomware events are now felt within all industries.  Clients require a solution that provides proactive, risk management services up front to help them avoid a cyber attack before they even have to file a claim – and provide a dedicated in-house technical incident response team should the worst happen.

With solutions designed for businesses of all sizes, CFC’s cyber products provide cutting-edge, innovative cover to protect against a company’s largest exposure in the new world – their digital and intangible assets.

 

Target risks

  • SME, mid-market and Large Corporate
  • Healthcare
  • Retail / Hospitality
  • Education
  • Professional services
  • Public entities
  • Construction companies
  • Transportation and logistics
  • Financial services

 

Key policy features

  • Proactive threat alerts for detected vulnerabilities or compromises of policyholders
  • Access to a dedicated Cyber Threat Analysis team for continuous monitoring throughout the policy term and consultative security advice
  • Access to the largest dedicated in-house cyber incident response team globally
  • Anyone claim limits with unlimited reinstatements
  • Nil excess for initial incident response costs
  • Cyber incident response costs for legal, forensics and notifications
  • Cybercrime, including but not limited to social engineering, theft of personal funds, cyber extortion, cryptojacking, botnetting
  • System damage and business interruption, including full limits for data re-creation, reputational harm, and loss of profits resulting from a ransomware event

 

Key benefits to members

  • Ability to provide quotes for SME risks up to 50M turnover with no proposal form required over the proprietary Connect platform
  • Access to threat intelligence alerts through CFC’s proprietary Response App at no additional cost
  • Suite of free risk management tools available including phishing training, security reports and dark web monitoring
  • Policy supported by CFC’s award-winning, dedicated in-house cyber incident response team of 100+ specialists 24/7/365
  • Access to CFC’s proprietary Ransomware Calculator, limit benchmarking data and industry specific claims profiles

 

Click below to see:

  1. More policy information.

  2. Guide to cyber insurance, in collaboration with BIBA

  3. Proactive prevention: How CFC prevent cyber attacks 

  4. Selling cyber in 2023: How to grow the UK and Ireland markets webinar

  5. Response: Our mobile app for cyber 

  6. CFC upgraded Cyber war exclusion FAQs

  7. CFC’s upgrade to the war exclusion for cyber

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