Cyber Liability

Ryan Specialty Nordics provides Cyber liability solutions through EmergIn Risk, a member of the Ryan Specialty International group. The coverage is provided through their E-Cyber policy.

E-Cyber Advantages

1st Party Business Interruption and System Damage Coverage

Strong focus on covering 1st party cyber exposures for business enterprise risk
Expansive 1st party triggers include broad non-physical perils ranging from malicious attacks to the internal management of systems
Full Business Interruption section reimburses not only the loss of net income, but also the cost of mitigating the operational challenges of managing an interruption event and keeping the company moving forward
Broad Business Interruption coverage can also be extended to include the enterprise risk in outsourcing to named IT Vendors
Triggers extend to provide the cost of repairing, restoring or recollection of any damaged or corrupt data or software applications

3rd Party Privacy and Regulatory Coverage

Broad Privacy Breach management and liability coverage
Liability coverage includes defense costs and any subsequent damages which arise from a claim against the insured by a 3rd party due to a privacy event or a failure of service due to a cyber event
Defense costs as well as any subsequent fines and penalties in respect of a regulatory investigation
Crisis response costs triggered by the suspected or actual breach of privacy caused by malicious actors; Such crisis management covers professional fees as well as the costs of notifying and protecting the identity of the affected individuals

Other Policy Advantages

Coverage extensions include:
- Cyber extortion and system ransoms
- Liability associated with publishing digital media content
- Computer crime
Immediate access to a vendor panel and crisis management, with ability to access vendors for initial 72 hours before having to notify the insurer
Crisis response management covers not only the cost of engaging specialists, but also many of the unforeseen expenses for managing a cyber event

Target Industries

Airlines
Retail & hospitality
Manufacturers
Financial institutions
Healthcare

E-Cyber Cover Features

Tailored cyber products with full cyber coverage up to USD 25,000,000
100% backed by Lloyd’s of London, offering A.M. Best “A” rated paper
Ability to write all-sized accounts across different industries and geographies
Work with clients to activate a response which engages their strategy
Global service capabilities are backed by top-tier vendor solutions

EmergIn Risk’s operations are conducted through several legal entities, the choice of which depends on where the entities are authorised to operate. In the UK, EmergIn Risk is a tradename of RSG Underwriting Managers Europe Limited (RSG Underwriting Managers UK), authorised and regulated by the Financial Conduct Authority (FRN 733324). Registered office: 30 St. Mary Axe, 13th Floor, London, EC3A 8BF, United Kingdom. Company number 07164987. In the EEA, EmergIn Risk EEA is a tradename of Ryan Specialty Group Nordics AB (RSG Nordics), authorised by the Swedish Financial Services Authority. Org nr 556741-6572. Registered office: Brahegatan 2, 114 37 Stockholm, Sweden. In the US, EmergIn Risk’s operations are conducted by EmergIn Risk, a series of RSG Underwriting Managers, LLC, a Delaware limited liability company (RSG Underwriting Managers US). RSG Underwriting Managers UK, RSG Nordics and RSG Underwriting Managers US are subsidiaries of Ryan Specialty Group, LLC. EmergIn Risk works directly with brokers, agents and insurance carriers, and as such does not solicit insurance from the public. Some products may only be available in certain jurisdictions, and some products may only be available in the US from surplus lines insurers. In California: RSG Insurance Services, LLC (License #0E50879). ©2022 Ryan Specialty Group, LLC