Pen launches six enhancements to SME cyber
Pen Underwriting has added six cover enhancements to its UK SME cyber proposition.
The enhancements from the Gallagher-owned managing general agent include:
‘Pay on behalf’ language: cyber insurance professionals will step in, facilitate payments, provide immediate assistance rather than customers having to find funds upfront and wait to be reimbursed.Period of restoration has more than doubled from 180 to 365 days.Breach response costs: additional cover outside of the main policy limit (£250,000 sub-limit for clients with revenue under £100m).Hardware replacement: provided atOnly users who have a paid subscription or are part of a corporate subscription are able to print or copy content.
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