AXIS Capital launches new cyber coverage

AXIS Capital Holdings has introduced the launch of a brand new insurance coverage coverage that provides custom-built cyber and specialist legal responsibility protection for firms with as much as $2 billion in income.

The brand new AXIS Cyber Expertise and Miscellaneous Skilled Legal responsibility (ACTM) coverage goals to assist companies keep away from potential gaps in protection by permitting policyholders to mix a number of coverages in a single coverage. ACTM is offered by brokers on each an admitted and non-admitted foundation.

The next coverages could be included in an ACTM coverage:

  • Cyber: consists of incident response, community interruption, and different first-party legal responsibility coverages associated to cyber and information dangers
  • Expertise errors and omissions: consists of legal responsibility protection for expertise, telecommunications, and internet-based services
  • Miscellaneous skilled legal responsibility: consists of legal responsibility protection for a spectrum {of professional} providers

Learn subsequent: AXIS Capital names group underwriting chief

“As cyber and legal responsibility dangers evolve and develop in an more and more digitized enterprise world, the insurance coverage we offer should proceed to develop to satisfy the altering wants of our prospects by revolutionary merchandise and nice customer support,” mentioned Dan Trueman, head of worldwide cyber and expertise at AXIS. “In ACTM we are able to present complete insurance coverage protection that helps to cut back potential losses and fear arising from unintended gaps in protection amongst small to mid-sized companies, and protects them from a large number of cyber and liability-related exposures. The introduction of ACTM aligns with our broader efforts to develop profitably with our prospects and advance our management place in key specialty channels.”

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