Hiscox updates cyber and data insurance product
Provider adds dependent businesses interruption and system failure elements to cover.
Hiscox has rolled out a range of new extensions and upgrades to its cyber and data insurance product.
The insurer detailed that it had added in dependent business interruption – to cover losses arising from a third party supplier suffering a service outage; and system failure – covering a business interruption loss caused by an outage to the policyholder’s own IT network that is not as a result of a data breach or cyber-attack.
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In addition the provider has upgraded the social
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