Hiscox launches compliance, fraud, and reputational risk cover

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Hiscox, the specialist global insurer, has launched an enhanced version of its Security Incident Response (SIR) product, to provide additional protection for ‘business integrity risks’ including corruption and fraud.

The product is available to the broker market.

According to the insurer, the new SIR policy also includes cover for expenses incurred by a business when dealing with an insured event.

Crisis
Hiscox detailed that SIR – originally launched in 2017 – supports businesses in the

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