The Hartford Steam Boiler Inspection and Insurance Co. (HSB), part of Munich Re, has introduced HSB Total Cyber, a stand-alone insurance product that offers mid-size companies direct coverage for multiple types of data and cyber exposures.
The coverage is designed for businesses with revenues of $10 million to $150 million, although businesses with revenues up to $250 million can be underwritten.
HSB Total Cyber bundles cyber and information security coverages. These include data breach response and liability, identity theft, computer attack, cyber extortion, and network security and electronic media liability in one policy.
HSB Total Cyber is available through independent agents and brokers (pending approvals in some states). HSB has been providing identity theft insurance and services since 2005; data breach coverage since 2007 and added cyber liability coverage since 2013.
Hartford Steam Boiler (HSB), a member of Munich Re’s Risk Solutions family since 2009, is an engineering and technical risk insurer providing equipment breakdown insurance products, other specialty coverages, and related inspection services and engineering consulting.