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Beazley Adds Post-Breach Services to Cyber Coverage for Small, Mid-Sized Policyholders
Beazley has further enhanced its Beazley Breach Response (BBR) coverage for small and mid-sized policyholders in the U.S. In conjunction with Lodestone Security, a specialist advisory firm and wholly owned subsidiary of Beazley, BBR policyholders now have access to up to 100 hours post-breach consultation and remediation services.
This expanded service, available by endorsement, is designed help policyholders who have suffered unauthorized access or use of their systems to resume operations at optimal levels of security to prevent a breach re-occurring.
The service includes an assessment of external and internal vulnerabilities, recommendations for improvement across networks, application servers and databases, and for putting in place the right people and processes. It also includes consultation services to help improve or implement incident response plans and other critical policies and procedures.
Beazley plc is the parent company of specialist insurance businesses with operations in
Europe, the US, Canada, Latin America, Asia, the Middle East and Australia. Beazley manages
six Lloyd’s syndicates.
Beazley’s underwriters in the United States focus on writing a range of specialist insurance
products. In the admitted market, coverage is provided by Beazley Insurance Company, Inc. Certain Lodestone services may not be available on an admitted basis at this time. In the surplus lines market, coverage is provided by the Beazley syndicates at Lloyd’s.
Lodestone Security is a wholly-owned subsidiary of Beazley plc. Lodestone provides computer security and cyber security services. Lodestone does not provide insurance services and client information obtained by Lodestone is not shared with Beazley claims or underwriting. Likewise, client information obtained by Beazley claims or underwriting is not shared with Lodestone.