Cyber Liability

Product Cyber Liability
Product Manufacturer Carrier
Carrier Canopius

Product Approval Process

The POG concluded that the product is suitable for the target businesses and property owners and responds to their exposure to cyber related events, particularly where such non-physical damage business interruption is excluded from standard cover.

Who this Product is suitable for:

SME Businesses are a high target for Cyber criminals as they are seen as an easy target. Cyber attacks are the fastest-growing threat to modern businesses, with billions of attempts by hackers every year. As organisations rely on IT systems to manage most, if not all, of their critical business systems, insurance policies that adequately protect your IT infrastructure against loss or damage as a result of a successful hack is essential.

Who this Product is not suitable for:

Consumers – any natural person purchasing a policy which is unrelated to their trade and/or occupation.


Product Suitable Distrubution Strategy

Distribution Method Yes/No
Sold directly to customer by our firm No
Sold to the customer via Appointed Representative Yes
Sold via other intermediaries between us and the end-customer Yes
Sold via a comparison website No
MGAM Delegated Authority (Transactional) No
MGAM B2B2B Quote & Bind Platform Yes
MGAM B2B2C Quote & Bind Platform (first party system) No
MGAM B2B2C Quote & Bind Platform (third party system) No
Sub Delegated Authority (Coverholder) No
Coverholder B2B Quote & Bind Platform No
Coverholder B2C Quote & bind Platform No

For more information contact

Oliver Lawton
Head of Underwriting Support Services

T:+44 (0)203 946 9102
M:+44 (0)788 129 9867