4 January 2018Insurance

Arc Legal launches new cyber support policy

Arc Legal Assistance has launched a personal cyber support policy providing household insurance customers with access to expert support, restoration services and cover for cyber-attacks.

The policy is designed to provide immediate assistance for individuals and families in the event of a cyber-attack on their personal electronic devices. The cover can be either embedded in an underlying home insurance policy or provided as part of a legal expenses insurance (LEI) policy. Cover is underwritten by AmTrust Europe.

The potential risk of a cyber-attack is evident when considering the level of internet and connected technology usage in the UK. The average number of internet-connected devices per household is now over eight and, according to the Office for National Statistics, nearly 42 million UK adults access the internet every day.

The Personal Cyber Support product provides crisis response and incident management cover, offering immediate assistance following a cyber-attack; as well as restoration cover to reinstate the customer’s devices to their original state before an attack and reimbursement of credit monitoring costs if the customer signs up to a monitoring facility.

Legal costs are also provided for disputes relating to personal identity fraud and social media defamation. 24/7 cyber support, legal and counselling helplines and online support services are also offered.

James Waddy, commercial development manager of Arc Legal, said: “The growth of personal cyber products in the UK market has predominately focused on High Net Worth customers. We have developed an assistance-led, affordable option for a more general customer base that does not simply replicate these products but supports the customer to provide practical assistance and deal with the real risks they face.

“Personal Cyber Support is an important addition to our growing portfolio of assistance-based products and services. It further demonstrates our ability to design and develop relevant solutions that add value and respond directly to the needs of our clients and their customers.”

Join us at Intelligent Automation in Insurance - London 2018.  Book by Jan 31st and you could save £400.

More of today's news

Greenberg’s Aquiline commits $500m to form new reinsurer

MS Amlin promotes CUO to succeed Philipps as CEO

Sompo International acquires US surety insurance group

XL appoints successor as chief enterprise risk officer retires

AM Best revises US commercial P/C business to stable from negative

2017 will be record year for industry cat losses: Munich Re

Pioneer poaches financial lines underwriter from Chubb

Travelers Europe launches new cyber product

Maidstone Insurance acquired by listed holding company

Don't miss our insurtech email newsletter - sign up today

Already registered?

Login to your account

To request a FREE 2-week trial subscription, please signup.
NOTE - this can take up to 48hrs to be approved.

Two Weeks Free Trial

For multi-user price options, or to check if your company has an existing subscription that we can add you to for FREE, please email Elliot Field at efield@newtonmedia.co.uk or Adrian Tapping at atapping@newtonmedia.co.uk


More on this story

Insurance
18 July 2016   AmTrust International, a subsidiary of subsidiary of AmTrust Financial Services, has acquired Arc Legal Assistance, a managing general agent.
Insurance
17 July 2019   Arc Legal Assistance, a provider of legal expenses insurance in the UK and Ireland, has expanded its commercial team in response to business growth
Insurance
15 January 2020   He joins Arc Legal from property MGA Magenta Insurance.