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Travelers Cos. Inc.’s European unit in London said Monday it is introducing a stand-alone cyber insurance coverage for companies of all sizes in the United Kingdom and Ireland.
New York-based Travelers said the new product provides liability and first-party cover for losses from cyber attacks as well as access to assistance including breach coaches, forensics investigators, public relations support and credit monitoring services
The coverage, which includes £10 million ($13.3 million) in limits across liability, breach response, cyber crime and business loss covers, can be purchased individually or as part of the Travelers management liability package, according to the statement.
(Reuters) — Travelers Cos. Inc. plans to stick to its recent growth pace for sales of cyber insurance, which protects businesses against hacking and other liabilities, despite potential to boost it, as the insurer assesses risks in the segment, its head of specialty insurance said on Monday.