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Integrated Crime Cyber Insurance
Summary of Cover

Head of CoverSummarised coverType of Cover
Owned Asset and
First Party Costs Protection
TheftDishonest appropriation of assets by employees or third parties, with or without the threat of violenceCrime
Social EngineeringA plausible instruction from a seemingly legitimate source to deliver funds, resulting in a loss of assetsCrime
Loss of or Damage to Electronic DataReplacing or updating data that has been destroyed, lost or corruptedCrime and Cyber
Costs of Privacy Notification and Crisis ManagementCosts of notifying those effected by a data breach, associated legal fees, cost of operating a call centre, PR expenses incurred to minimise reputational harmCrime and Cyber
Computer Forensic Investigation CostsCosts incurred in determining the existence, cause and scope of a network compromise or data breachCyber
Corporate Identity FraudCosts incurred in correcting public records or in applying for the dismissal of court proceedingsCrime
Business Interruption,
Regulatory Investigations
and Extortion Demands Due
Business InterruptionEnterprise-wide loss of profits and/or operational expenses following a network compromise or data breach during the period of restoration. Physical damage not a pre-requisite and not to be confused with vessel specific loss of hireCyber
Regulatory InvestigationsCosts of defence and regulatory fines (where insurable)Cyber
Extortion DemandsAmounts demanded against the Insured by a third party threatening to commit a denial of service or data breach i.e. by ransomwareCyber
Third Party Clauses
Third Party LiabilityTo pay all losses and defence costs that the Insured becomes legally liable to pay in respect of breach of privacy or confidentiality, committing or failing to prevent a network compromise or data breach and loss or theft of documents or dataCyber
Mitigation Costs and
Emergency Costs
Loss MitigationCosts incurred by the Insured with their approved Cyber Service ProviderCrime and Cyber
Emergency CostsFor those costs incurred in emergency and without having obtained prior consent of insurersCrime and Cyber