Hartford Steam Boiler adds cyber covers
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Hartford Steam Boiler Inspection & Insurance Co. said Monday it has added new coverages for small and mid-size businesses under its HSB Total Cyber product.
The expanded coverage includes up to $10 million in limits for system failure for business income loss resulting from unintentional computer system outages lasting more than eight hours, HSB said.
Future loss avoidance coverage that provides resources for a policyholder who suffers a computer attack loss to make security improvements is also available up to 10% of the original computer attack loss, HSB said.
Computer fraud coverage for losses that result from payments being misdirected is also available up to $250,000 in limits, HSB said.
“The loss of essential business information and systems can result in financial loss and even ruin. Data security is critical, and every business should keep up with the latest protections for evolving cyber risks,” Timothy Zeilman, vice president for HSG, part of Munich Reinsurance Co., said in a statement.
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Hartford Steam Boiler offers cyber product for mid-sized firms
Hartford Steam Boiler Inspection and Insurance Co. said it has launched HSB Total Cyber, an insurance product that offers mid-size companies coverage for multiple types of data and cyber exposures.
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