Cyber Defence for Marine

Comprehensive loss of hire and physical damage cyber protection for single commercial vessels and fleets offering an affirmative extension to Hull & Machinery coverage.

What we offer

Financial loss

As a result of a cyber event, financial indemnity for:

Vessel asset protection
Loss of hire – following event impacting vessels
Financial loss as a result of affirmative Hull & Machinery coverage for a Cyber event
Extortion and data breach

Limits

US$5 million – loss of hire
US$50 million – physical damage (Hull & Machinery)

How can we help

This market leading solution offers a set of policies designed to address the risks associated with vessels' operational technology and covers:

Modular – The policies are complementary to our other marine and cyber products and can be bought separately or as a package.
Preparation services – Reducing the likelihood of a cyber incident from occurring is of primary importance. This makes the prevention services that we offer of particular value in order to mitigate the risk and demonstrate compliance with the forthcoming IMO guidelines.
Beazley Security - With roots that stem from the specialty insurance industry, Beazley Security focuses on a layered approach to ensure that every preparation and precaution is considered; that technical defenses are in place and operating optimally; and that teams are prepared, trained, and ready to act when needed.

The Beazley Difference

BEING BOLD

Freedom lies in being bold. We dare to be different and seek bold possibilities to create more innovative, fair and satisfying outcomes for our clients, brokers and employees. From insuring the highest building in the world, to the first commercial lunar vehicle to operate on the moon - we boldly go where others won’t.

STRIVING FOR BETTER

Good is a start, but we go all-out for better. A driven community of individuals relentlessly push the needle and creating value. From launching the market’s first dedicated ESG syndicate to the establishment of our business unit focusing on designing digital insurance solutions, we pride ourselves on always going above and beyond. Simply put, at Beazley we go to 11.

DOING THE RIGHT THING

Acting with integrity in a straightforward, decent way is instinctive. Open and honest with others, we show respect and empathy however challenging the situation – demonstrated by our multi-award winning claims team. Doing the right thing makes for a fair-minded, rewarding environment and makes work and life better for all.

Examples or Scenarios

Ransomware embedded within Automatic Voltage Regulator software could prevent generators from providing power. Maximum speed is reduced to a level that is insufficient for the tide resulting in the ship running aground.
Malware propagates from an IT system to a vessel’s computer corrupting the software which runs the integrated bridge system. This results in the auto pilot not following correct track.
A disgruntled employee embeds malware in the Electronic Chart Display & Information System software update causing it to lose reference, resulting in the vessel running aground.
The assisted collision Automatic Radar Plotting Aid (VHF/GPS/AIS) is corrupted or alerts overridden meaning there is insufficient time to take avoiding action.