CFC expands £25M large line size cyber product with property damage

CFC has expanded its £25m large line cyber product with property damage cover.

The specialist insurance provider explained large corporate clients can now access physical property damage caused by a cyber event.

Andrew Prendergast, corporate cyber practice leader at CFC, explained the firm has expanded its offerings to better support large enterprises in a shifting risk environment.

“Listening to what our broker partners need to serve their clients best, it’s clear that in a world where computers are used to run more and more physical processes in the likes of the manufacturing and energy sectors, there is increasing need for property damage cover as part of a cyber policy,” Prendergast added.

He also highlighted that the expansion reflected CFC adapting its coverage to client needs.

He explained: “We’ve been writing large corporate cyber business for over a decade now and offer one of the most holistic cyber offerings in the market, with one of the largest line sizes available.”

Product offering

CFC’s £25m large size cyber product line offers a range of propositions, including cyber attack prevention through threat intelligence insights to alert customers.

It also includes retroactive cover with a discovery-based trigger, broad business interruption coverage for all non-physical perils and contingent business interruption cover that extends to all types of supply chain partners.

Prendergast said: “The addition of property damage to our large corporate cyber proposition brings some much needed choice and capacity, further strengthening our already comprehensive product offering.”