At-Bay expands coverage for big business

Cyber insurer At-Bay has expanded the coverage offered by its Cyber and Technology Errors & Omissions (E&O) policies to businesses with revenues of up to $5bn, more than doubling the previous cap of $2bn. 

Additionally, aggregate limits for these policies have been increased to $10m, up from $5m.

At-Bay's Cyber and Tech E&O insurance policies offer comprehensive first- and third-party coverage on both primary and excess lines. 

At-Bay's shift towards catering more for big businesses is exactly in line with actions recently taken Travelers-owned Corvus Insurance. Corvus also expanded its offering to companies with up to $5bn in revenue, and increased its limits to $10m.

Michael Drummond, head of cyber and tech E&O at At-Bay, said: "We’re proud to expand our coverage capabilities to larger enterprises. At-Bay now offers robust insurance coverage to more mid-market businesses, supported by seasoned underwriters experienced in handling large and complex risks.”

Drummond added: “Our in-house Digital Forensics and Incident Response (DFIR) team is well-versed in managing high-stakes incidents for Fortune 500 companies. Additionally, our enterprise-grade Managed Detection and Response (MDR) solution provides round-the-clock cybersecurity monitoring through our Security Operations Center."