We are delighted to announce the launch of our new proprietary Cyber-Crime product exclusive to Costero Brokers. Costero Crime Connect, developed in conjunction with Lloyd’s of London syndicates, provides clients with standalone or excess limits of e-Crime coverages up to $/£10m.
Often sublimited within cyber policies (with a maximum of $/£250k), Costero Crime Connect is a solution that allows insureds to purchase higher limits for Social Engineering, Invoice Manipulation, Fund Transfer Fraud and Customer Impersonation (property) – some of the most frequently triggered insuring agreements within cyber insurance policies.
The capacity can be purchased and structured in multiple ways:
- Excess of sublimits within a cyber policy on a follow-form basis (overhanging limits available)
- Standalone limits for E-Crime coverages
- Standalone limits for E-Crime coverages alongside ‘traditional’ crime insuring agreements
For more information on Costero Crime Connect please reach out to our expert
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