Cyber Insurance
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
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