AXA XL Adds First Party Cyber Insurance Option to Its Platinum Property Coverage
To help businesses in the US address business interruption resulting from a cyber attack,
According to
* Business Interruption and Extra Expense
* Coverage for loss of business income suffered as a result of a cyber security breach.
* Extra Expense coverage consists of additional costs that are incurred, including payroll, to reduce or avoid a further loss of income.
* Data Recovery
* Coverage for costs associated with restoration of electronic data, computer programs and software because of a cyber security breach.
* Cyber Extortion and Ransomware
* Coverage for costs associated with managing a cyber extortion threat against the Insured.
* Data Breach Response and Crisis Management
* Coverage for costs associated with managing a data breach by breach response providers from
* Coverage includes legal costs, computer forensics costs, notification costs, credit and identity monitoring and more.
Platinum Property clients who bolt on
* Complimentary proactive cybersecurity services provided by
*
* 24/7 claims support via a hotline, staffed by in-house claims managers if clients have any reason to believe they have suffered a cyber incident.
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