Affirmative cyber protection designed for luxury yachts, covering physical damage, loss of access, threatened and actual ransom of the vessel, with in-built risk prevention and immediate incident response.
Superior Cover
This product provides a triple defence mechanism of preventative mitigation services, traditional asset indemnity and immediate response services to incidents. Strengthening defences and preventing vessels becoming targets is at the heart of Beazley’s cyber defence for superyachts cover.
Our comprehensive risk assessment helps to identify and mitigate potential gaps in security that could leave new policyholders vulnerable. In the unfortunate event of a cyber breach, the cover will provide immediate response services accessible to policyholders via a 24 hour claims hotline. Response services will be tailored to the incident and where a yacht is rendered unsafe or unfit for use, a temporary vessel and emergency accommodation is provided to the assured.
Cover Highlights
First class risk prevention
The cover has been designed by Beazley’s experienced underwriting, claims, risk and breach response specialists who have applied decades of experience and deep understanding of marine and cyber risk to build a policy that protects the vessels and their systems from these intangible threats and preserves the privacy, safety and comfort of owners, their guests and crew.
We have selected Cyber Prism to complement Beazley’s comprehensive insurance cover and provide the inbuilt risk preparation services that will assist in advancing security and giving assurance that owners and managers are aligning with IMO 2021 guidelines.
Cyber Defence for Superyachts can be combined with other Beazley cyber products to provide holistic insurance cover for the range of risks that yachts and their owners may face today leaving no risk of unforeseen gaps in cover.
Demonstrating risk management
Vessel owners and managers must now demonstrate robust risk management by following cyber risk management guidelines introduced by the International Maritime Organization (IMO) on 1st January 2021. The IMO has considerably increased the responsibility of all vessel owners to understand, assess, and manage cyber risk to support safe and secure shipping which is operationally resilient.
Yacht owners and managers.
Worldwide
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London, UK
+44 (0)20 7674 7432
Email James
London, UK
+44 (0)20 7674 7037
Email Kelly