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Zurich North America, a unit of Zurich Insurance Group Ltd., said Thursday it is introducing cyber insurance policy endorsements designed to expand manufacturers’ coverage.
The insurer said the endorsements were created in response to the growing threats posed to U.S. industrial firms by data breaches, ransomware and other cyber events.
The endorsements include:
-- Any components that are part of supervisory control and data acquisition systems, programmable logic controllers or other industrial control systems;
-- Computer hardware, firmware, software and electronic data, and associated input and output devices used in manufacturers’ operational technology strategy;
-- Computer peripheral devices, including wireless and mobile devices;
-- Electronic backup facilities, including systems accessible through the internet, intranets, extranets or virtual private networks, that manufacturers use as part of their cybersecurity defense protocol.
Zurich Insurance Group Ltd. will become a partner of the Geneva-based World Economic Forum’s Global Centre for Cybersecurity, Zurich announced Tuesday.