Brit launches new cyber product for SMEs

'Small businesses are now at a greater risk of being targeted by threat actors,' says chief underwriting officer Brit has launched a new product specially designed for the emerging cyber risk landscape facing small businesses. Called C360, the product has been designed to give small businesses access to simple but broad cover. Customers will receive full coverage for multiple events during the period of the policy, including data theft, disruption to business operations and impacts from outages at critical service providers. Policyholders will also be offered the full policy limit on an any one claim basis for an unlimited number of times during the policy period. Jon Sullivan, chief underwriting officer at Brit, said: "We are pleased to announce the launch of C360. "This is another example of Brit's innovative cyber offering for small businesses which is a key market segment for us. "Small businesses are now at a greater risk of being targeted by threat actors, often due to their valuable roles in larger business supply chains. C360 provides the robust yet accessible protection they need to safeguard against a broad spectrum of cyber risks." Hotline Policholders also get access to Brit's 24/7 emergency hotline and suite of forensics and data restoration services. Adelle Gruber, class underwriter for cyber at Brit, said: "All businesses are reliant on data and technology to efficiently operate and SMEs are no different. "With a growing number of threat actors finding ways to infiltrate firms' operations, it is essential the insurance industry responds with readily available and appropriate coverage. With over two decades of experience in helping navigate cyber risk, we understand the unique challenges faced by businesses of all sizes and are delighted to make this latest solution available."