Overview
AXIS Cyber Property Insurance is designed for large organizations across multiple industry sectors. Companies can face more restrictive exclusions within their property damage insurance policies, often completely excluding claims arising from cyber incidents.
Where coverage for cyber incidents is not available through traditional property insurance, we offer a solution to ensure you can obtain insurance for this potential gap in cover.
Streamlined to bring clarity and contract certainty
Offering limits up to £25M
Designed for large organisations across multiple industry sectors
Key Coverages
Key Coverages:
- Covers damage to physical property not covered by the property insurance policy because of a cyber exclusion
- Covers malicious cyber events
- First party coverage
- Forensic costs to locate the source of the cyber-attack and to contain or remove the malware
- Interim payments to get businesses up and running as quickly as possible
- Optional business interruption and extra expense cover
Optional Business Interruption Cover:
- Expenses in producing a proof of loss including auditors’ and accountants’ fees
- Extra Expenses
- In order to cater to different industries, the cover has two indemnity options for business interruption: Loss of Gross Profit and Reduction in Revenue
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