Insurance intermediary New Dawn Risk has launched a cyber product for the UK market.
Delivered through an easy-to-use online platform to small and medium-sized enterprises (SMEs), or face-to-face to larger businesses or those with more complex needs, the new offering complements New Dawn’s existing cyber liability offering for international clients.
Max Carter, chief executive officer of New Dawn Risk, explained the insurance intermediary’s reasons for launching the new product, saying: “The SME segment in the UK is as prone to a data breach or cyber attack as larger businesses, but finds it much harder to buy the right cover for their needs. Our objective is to make dealing with a complex risk as simple as possible—available to buy online in minutes, at any time of the day. Most importantly, it provides the 24/7 breach response businesses need to minimise damage and help them get back on their feet following data breaches and cyber attacks.”
New Dawn’s UK cyber insurance uses easy-to-understand language to enable companies to make an informed decision. The product has been designed with low premiums, no hidden charges and free cancellation.
Key features include immediate access to a cyber response manager who will coordinate appropriate experts in IT crisis management and forensics, PR, legal, regulator/data subject notification, and credit monitoring.
Tom Malcolm, head of UK cyber, said: “Businesses of every size and in every industry that hold sensitive information on their employees and clients, or rely on computer systems to operate their business, are at risk. Insurance—in conjunction with cyber awareness and security—is a vital element of protection.”