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Cyber Insurance

This product is e-Traded

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Are you tired of constantly hearing about the risk of cyber attacks without being offered an easy and cost-effective insurance solution? At Pen, we would rather help than scare.

Our cyber insurance solutions make it easier for you to solve your clients’ cyber worries:
1. we’ve got a great team of people,
2. a simple, fast purchase process,
3. one of the market-leading cyber coverages,
4. meaningful cyber support, risk resilience tools and breach response.

Unlike most insurers, you can get an instant quote from Pen’s e-trading service Pen Central or Acturis, by answering a few simple questions in under three minutes.

A fast, simple process doesn’t mean we only write small risks. We’ve got a very broad cyber appetite and can write primary limits (on an Any One Claim basis) from £100,000 to £5 million for companies with revenues up to £600 million.

And the simplicity of the process doesn’t mean our cover is limited. On the contrary, we offer one of the broadest wordings on the market, backed by A-rated capacity and supported by specialist breach response and award-winning cyber risk resilience tools.

Please note that Pen Underwriting can write risks with revenues over £600 million. To discuss Pen’s appetite for cyber risks over £600 million revenue, please contact Fiona Maclean, fiona_maclean@penunderwriting.com or 07938 738 528.

Who Qualifies?

We have a very broad appetite. Any company with up to £600 million in revenue can be considered for cover*.

Our only industry exclusions are:

• Adult content
• Airlines
• Business process outsourcing
• Debt collecting
• Direct marketing/mail operators
• Franchisees/franchisors
• Interactive healthcare websites
• Payment processors
• Social media
• Technology Companies (unless a Technology package policy is also purchased via Pen Underwriting)
• Telecoms

* Please note that Pen Underwriting can write cyber risks with revenues over £600 million on a primary and excess limit basis. To discuss Pen’s appetite for cyber risks over £600 million revenue, please contact Fiona Maclean, fiona_maclean@penunderwriting.com or 07938 738 528.

What's covered?

We’ve been underwriting cyber insurance for nearly 10 years, both in the UK and the US. We’ve used our experience to create a broad cover that delivers appropriate cyber protection, supported by cyber breach response and risk resilience tools.

LIMIT OF INDEMNITY
- Any one claim

CYBER LIABILITY COVER
- Breach response costs
- Privacy regulatory defence and penalties
- Security and privacy liability
- Cyber extortion
- Multimedia liability
- Systems integrity restoration.

CYBER BUSINESS INTERRUPTION COVER
- Cyber business interruption
- Cyber asset restoration
- Cyber reputation business income loss

CYBERCRIME COVER (optional extension)
- Cybercrime
- Phishing loss
- Services fraud loss
- Reward fund loss
- Corporate identity theft loss
- Personal financial loss

ADDITIONAL COVERS
- Court attendance costs
- Bodily injury/property damage liability
- Post-breach response
- Independent consultant
- Outsource provider

Does your client also need?

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  • Risk Managed Commercial - Regional Commercial Combined Personally underwritten for a bespoke quote Supported by online risk management and bespoke risk surveying
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Documents

  • Cyber Insurance from Pen Download the information on this webpage as a brochure
  • Cyber Pen Protect brochure Information about Pen Protect
  • Products on Pen Central Information about Pen Central and its products

Contacts

Jonathan Moss
Head of E-Trade Cyber
020 3040 6467
07729 441906
Email
Allice Kerridge
Alice Kerridge
Underwriter, Cyber (E-Trade)
07756 216338
Email
Breach Response & Claims

Need to report a cyber attack?

Call 0203 137 8749 for 24/7 breach support and 01823 692 548 to start your claim

Email

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