Beazley Adds Products to Broker E-Trading Platform for UK Businesses

April 2, 2019

Beazley has added two new product lines to broker e-trading platform myBeazley to meet the needs of UK-domiciled private businesses with a turnover of up to £350 million (US$457.8 million).

UK brokers can now access Beazley’s comprehensive service-led cyber product, Beazley Breach Response (BBR), and management liability, which includes directors’ & officers’ (D&O) insurance with limits of liability on an any one claim basis, as well as the option to add crime and/or employment practice liability cover.

“We have added two of our leading products suites to myBeazley, which can be sold separately or as a package,” commented Nick McGarey, Beazley’s focus group leader for international private enterprise and e-trading.

“Our e-trading platform provides quick and easy quotes based on as few as four questions, allowing brokers to quote and bind policies for businesses with a turnover of up to £350 million without the need to speak to an underwriter,” he added.

Via their brokers, businesses can now access Beazley’s cyber product, BBR, and its tailored management liability product suite, which includes a number of inclusive risk management services, McGarey explained.

As well as D&O cover and the option to add crime and employment practices, the management liability package also includes additional risk management services:

  • Website recovery. A technical support service helps clients get their website up and running as quickly as possible if it suffers a denial of service attack.
  • Executive replacement. A service that provides access to a £50,000 ($65,406) fund to cover the temporary appointment of a replacement executive.
  • Employment practices legal helpline. This tailor-made helpline is provided by Clyde & Co.

BBR is Beazley’s comprehensive data breach product, which gives insureds access to a range of pre and post breach risk management services designed to help an organization prepare for, and respond to a data breach or cyber attack.

Specialist products already available via myBeazley include event insurance, medical malpractice, pleasure craft, professional indemnity and media & entertainment.

Source: Beazley

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