The Hartford Steam Boiler Inspection and Insurance Company (“HSB”), part of Munich Re, has introduced HSB Total Cyber, a standalone insurance product that offers mid-size companies direct coverage for multiple types of data and cyber exposures, the company announced.
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.
“The cyber market is the Wild West of insurance with so many different types and levels of coverage,” said Timothy Zeilman, HSB vice president. “Medium sized companies, meanwhile, are squeezed between expensive cyber policies designed for big organizations and low cost insurance packaged for small businesses. HSB Total Cyber helps fill that gap with a single policy that includes a variety of essential coverages that a mid-size company needs and can afford.”
HSB Total Cyber includes data breach response and liability, identity theft, computer attack, cyber extortion, and network security and electronic media liability — all in one policy.
Learn more: www.hsb.com.

