Hartford Steam Boiler Inspection & Insurance Co. said on Monday that it has added new SME coverage under its HSB Total Cyber product.
The extended coverage includes up to $ 10 million in system failure limits for business loss of income due to unintentional computer system outages lasting more than eight hours, says HSB. computer attack loss, says HSB.
Data fraud for losses due to incorrect payments is also up to $ 250,000 in limits, HSB said.
“The loss of important business information and systems can lead to financial loss. and even destroy. Data security is crucial, and every business should keep pace with the latest protections for developing cyber risks, ”said Timothy Zeilman, Vice President of HSG, part of Munich Reinsurance Co., in a statement.