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Beazley offers affirmative marine cyber coverage



London-based special insurance company Beazley PLC on Wednesday said it has developed a marine protection policy that protects ship owners and operators from physical damage and loss of rent if a cyber attack hits a ship's operating system.

Limitations of up to $ 50 million for physical injury and $ 5 million for rental loss are available, said a spokeswoman in Beazley in an email.

The coverage, called Beazley Cyber ​​Defense for Marine, includes a series of risk management services designed to mitigate the cyber threat and to ensure that shipowners and operators comply with forthcoming guidelines for the International Maritime Organization, Beazley said in a statement.

On January 1

, 2021, shipowners and operators have to incorporate measures to deal with cyber risk in their existing risk management processes, the statement said.

Beazley's coverage includes a self-assessment form, an internet security workshop and a built-in internet survey as on

The coverage focuses on the vessels' operational technology and complements Beazley's other marine products and existing information technology systems protection systems, the statement said.

It can be purchased on a standalone basis or as part of a package, Beazley said.

                    


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