Ensurance UK has been appointed to distribute a Beazley-backed cyber insurance product aimed at the construction sector.
The specialist construction MGA and Lloyd’s coverholder will offer protection to businesses in the sector at risk of a cyber attack or data breach.
According to Ensurance UK, the cover is designed to minimise business disruption and enable construction firms to get back on their feet as quickly as possible following an incident.
Available to any policyholder responsible for handling customer data, the product will provide access to Beazley Breach Response, a data breach response service, as well as coverage for first and third-party liability, cyber extortion, data protection loss and business interruption.
Ensurance UK CEO Tim James said: “As a specialist in construction, we understand the risks firms in this sector face with the data they hold and the potential impact on their business from any form of cyber security breach or attack.”
“We have responded with a comprehensive product supported by Beazley that will offer flexibility on coverage and limits supported by excellent capacity.”
James added: “Most importantly the policy is supported by a dedicated team of experienced cyber breach professionals who assist policyholders at every stage of incident investigation and breach response. They coordinate the carefully vetted forensics experts and specialist lawyers to help establish what’s been compromised, assess responsibility, and notify those individuals affected. In addition, the support team manage credit or identity monitoring for customers and crisis communications.”
“Beazley has been at the forefront of defending clients against claims arising from cyber breaches in a rapidly evolving legal environment.”