AXIS unveils new cyber and liability cover for small, mid-sized businesses

Bermuda-based re/insurer  AXIS Capital Holdings has launched an insurance policy that offers custom-built cyber and specialist liability coverage for companies with up to $2 billion in revenue.

AXIS’ new cyber technology and miscellaneous professional liability (ACTM) policy aims to help businesses avoid potential gaps in insurance coverage by enabling policyholders to combine multiple coverages within one comprehensive policy.

Suitable for small and mid-sized businesses across a wide range of sectors in the US, ACTM is available via brokers on both an admitted and non-admitted basis.

Dan Trueman, head of global cyber and technology at AXIS, said: “As cyber and liability risks evolve and grow in an increasingly digitised business world, the insurance we provide must continue to develop to meet the changing needs of our customers through innovative products and great customer service.

“In ACTM we can provide comprehensive insurance coverage that helps to reduce potential losses and worry arising from unintended gaps in coverage among small to mid-sized businesses, and protects them from a multitude of cyber and liability-related exposures. The introduction of ACTM aligns with our broader efforts to grow profitably with our customers and advance our leadership position in key specialty channels.”

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