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Cyber Insurance

This product is e-Traded

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Tired of constantly hearing of about the risk of cyber attacks without being offered an easy and cost-effective insurance solution? At Pen we would rather help than scare. That’s why we are selling our insurance cover on its strengths: people, process and policy wording.

Pen Underwriting’s specialist cyber insurance team is headed up by Adrian Scott, who played a key role in the development of the cyber insurance market in the US. Adrian’s expertise means that we have been able to develop an incredibly simple e-traded insurance product.

Unlike most insurers who have an underwriting process with long applications, brokers can get a quote from our new e-trading platform, Pen Central, by answering a few simple questions.

And the questions aren’t difficult. If your client has a Head of IT, they will be able to answer them easily. If your client is a sole trader, they should be able to answer the questions themselves. You should be able to complete the form in 2-3 minutes – test it and see. Once your client approves the quote, it takes only a few more minutes to complete the binding process.

And the simplicity of the process doesn’t mean our insurance is limited – on the contrary, we offer one of the broadest wordings on the market. Check out the list of the covers and see for yourself.

Who Qualifies?

We have a very broad appetite. Any company with up to £600M in revenue can be considered for cover.

Our only industry exclusions are:

- Payment Processors
- Direct-Marketing companies
- Internet Service Providers
- Companies providing interactive consumer healthcare information websites

What's covered?

- Breach costs
- Costs for damage to data or programs
- Insured’s network failure - income loss and extra expense
- Cyber extortion and ransomware
- Network security, privacy and confidentiality liability
- Network security, privacy liability (regulatory)
- Multimedia liability
- Cyber terrorism
- Payment card industry data security standard – fines penalties and assessments

EXTENSIONS:
- Outsource service provider or cloud service provider failure - Income loss and extra expense.
- e-Theft

Does your client also need?

  • Premier Home Pen Central Mid-net worth household cover from Pen's own e-trade platform
    View
  • Specialist Home Buy online from Pen or trade with an underwriter Comprehensive cover for non-standard household risks
    View

Documents

  • Cyber Insurance from Pen Download the information on this webpage as a brochure
  • Cyber Insurance from Pen Everything you need to know
  • UK cyber market comparison How does Pen stack up?
  • Cyber insurance - The scale of the problem Today's cyber threats
  • Products on Pen Central Information about Pen Central and its products

Contacts

Adrian Scott
Global Head - Cyber
020 3425 3147
Email
Jonathan Moss
Underwriter - Cyber
020 3040 6467
07729 441906
Email
Breach Response & Claims

Need to report a cyber attack?

Call 0800 302 9215 for 24/7 breach support and 01823 692548 to start your claim

Email

Added Value

Cyber insurance from Pen

It couldn't be easier to get a cyber quote from Pen, watch our video and find out how

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Did you know Pen also offers:

Directors' and Officers'

Management liability package with a wide range of embedded extras

Learn More

Corporate PA & Travel

Broad cover for employee personal accident and travel needs

Learn More
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