Vantage Risk introduces US primary cyber insurance
Vantage Group Holdings will begin offering US primary cyber insurance with up to $10m in coverage capacity, targeting clients with revenue up to $3bn.
The policy, which is offered through Vantage’s US insurance subsidiaries, is designed to serve a wide range of industries, with a particular focus on the technology sector.
The policy combines traditional cyber coverage with Technology Errors & Omissions (E&O) insurance. This blend addresses both first and third-party costs, offering comprehensive protection across various exposures.
Coverage includes technology E&O, media liability, network security, privacy liability, data breach notifications, credit monitoring, forensics, investigations, business interruption, data recovery and repair, regulatory fines, penalties, and extortion threats.
Juliet White, head of cyber and professions errors & omissions at Vantage, emphasized the evolving nature of cyber risks and the need for stable, long-term partnerships in managing these risks.
"Cyber risk is rapidly evolving and demands stable, long-term partnerships for effective risk management," said White. "Our team of experts is ready to meet the opportunity head-on. We're excited to extend our capabilities into primary cyber and provide the protection that our clients need to grow their businesses."
Vantage's move into primary cyber insurance builds on its introduction of excess cyber insurance capabilities in the US and Bermuda in 2022. The new primary offering represents a significant milestone in Vantage’s ongoing expansion in the cyber insurance market, further enhancing its portfolio of insurance solutions available to brokers and clients.
