9 July 2018Insurance

Travelers unveils standalone cyber insurance in UK, Ireland

Property/casualty insurer Travelers Europe has launched a new standalone cyber insurance product for businesses in the UK and Ireland.

Travelers CyberRisk will provide liability and first-party cover for losses from cyber-attacks. It will also provide access to assistance that can help limit client exposures to cyber events, including breach coaches, forensic investigators, public relations support and credit monitoring services.

The cover includes limits of up to £10 million across liability, breach response, cyber-crime and business loss covers. It is a standalone policy that can be purchased individually or as part of the Travelers management liability package, Travelers said.

“With cyber threats continuing to evolve, businesses without dedicated cover could find themselves insufficiently protected in the event of a breach,” said Davis Kessler, head of cyber at Travelers Europe. “Our global team has created a package designed to help companies navigate their cyber event response so they can return to normal as quickly as possible.”

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