Ascent adds physical damage to cyber product
Product is backed by Munich Re and designed for businesses of all sizes.
Ascent Underwriting has added physical damage cover to its CyberPro product, with additional backing from Munich Re.
The managing general agent (MGA) noted that the product, which is part of its professional and non-tangible risks portfolio, now covers physical and property damage plus debris removal following an insured event.
It noted that the new offering will bridge the gap between cyber and property policies, which has created issues for customers as the market looks to address the
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