Zurich Insurance has rolled out new, industry-specific endorsements to its cyber insurance policy designed to expand coverages provided to the manufacturing industry.
The endorsements were created in response to the growing threats posed to U.S. industrial firms by data breaches, ransomware and other cyber events.
Cyber exposures covered by Zurich’s manufacturing-specific endorsements include:
- Any components that are part of supervisory control and data acquisition systems (SCADA), programmable logic controllers (PLC) or other industrial control systems;
- Computer hardware, firmware, software and electronic data, as well as associated input and output devices utilized in manufacturers’ operational technology strategy;
- Computer peripheral devices, including wireless and mobile devices, which comprise a growing segment of manufacturers’ overall connected environment;
- Electronic backup facilities, including systems accessible through the internet, intranets, extranets or virtual private networks, which manufacturers use as part of their cyber security defense protocol.
To help address cyber vulnerabilities, Zurich offers a variety of cyber security services to all midsized customers, from initial vulnerability assessments to network monitoring. Services can be packaged with a Zurich Cyber Insurance Policy or can be purchased outside an insurance contract.
Zurich North America is part of Zurich Insurance Group, a multi-line insurer that serves its customers in global and local markets. With approximately 54,000 employees, Zurich provides a range of property and casualty, and life insurance products and services in more than 210 countries and territories.
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