Spring Insure Introduces Cyber Coverage For SMEs
Spring Insure Introduces Cyber Coverage For SMEs
According to the business, cyber protection is an addition to the current financial institution product line and Directors & Officers cover it provides in collaboration with Beazley.
This cyber product provides access to Beazley Cyber services, such as pre-breach and risk management services, and offers protection against loss from a cyber incident.
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Policyholders will interact directly with Beazley’s internal breach response team, Cyber Services, and the company’s claim team to address the situation in the event of a cyber breach.
Spring Insure Introduces Cyber Coverage For SMEs
Nathan Sewell, CEO of Spring Insure, said: “Cyber capacity is not keeping pace with growing demand for cyber solutions. In our areas of specialism, larger organisations can often access cover, but sometimes small businesses are left vulnerable.”
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“We understand that the needs of these smaller companies are different to their larger counterparts and our tailored approach to underwriting every risk makes this an important addition to the suite of products we offer to the SME market.”
Earlier this month, the company appointed Bethany Thomas as Senior Underwriter, continuing the expansion of its UK financial lines and commercial directors’ and officers’ liability insurance team.
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It also recently received authorisation from the Central Bank of Ireland, enabling Spring Insure to do business in Europe.
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