Specialist insurance company Brit Group Holdings Limited has announced the launch of C360, a new product designed for small businesses facing a complex and evolving cyber risk landscape.
C360 offers simple yet broad coverage, providing comprehensive protection for an unlimited number of claims on an any one claim (AOC) basis throughout the policy term, up to the entire policy limit.
This is critical as small businesses are increasingly targeted due to their role in the supply chain, threat actors’ use of artificial intelligence (AI), and increasing reliance on third-party vendors.
The product also covers incidents such as data theft, disruption to business operations and the impact of critical service provider outages.
In addition, C360 provides support for security breaches, giving policyholders access to Brit’s 24/7 emergency hotline, a suite of zero-retention forensics and data recovery services.
Jon Sullivan, chief underwriting officer at Brit, said: “We are delighted to announce the launch of C360. This is another example of Brit’s innovative network services for small businesses, a key market segment for us.
“Small businesses now face a greater risk of being targeted by threat actors, often because of the important role they play in larger enterprise supply chains. C360 provides the powerful and easily accessible protection they need to protect against a wide range of cyber risks.”
Adelle Gruber, cyber insurance underwriter at Brit, added: “All businesses rely on data and technology to operate efficiently, and SMEs are no exception. As more threat actors find ways to penetrate company operations, the insurance industry must respond with ready, appropriate cover.”
“With more than two decades of experience helping address cyber risk, we understand the unique challenges faced by businesses of all sizes and are excited to launch this latest solution.”
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