Affirmative cyber protection designed for luxury yachts, covering physical damage, loss of use, threatened and actual ransom of the vessel or onboard data, with in-built risk prevention, immediate incident response and system replacement.
Superior Cover
Strengthening defences and preventing vessels becoming targets is at the heart of Beazley’s cyber defence for superyachts cover.
Cover Highlights
Our key differentiators when compared to a pure buy-back option
Cyber Defence for Superyachts can be combined with other Beazley cyber products to provide holistic insurance cover for the range of risks that yachts and their owners may face today leaving no risk of unforeseen gaps in cover.
First class response
In the unfortunate event of a cyber breach, the cover will provide immediate response services accessible 24 hours a day to policyholders 24 hour claims hotline. Response services will be tailored to the incident, for example forensic analysis of suspected breach or technology replacement available for system failures. Moreover, where a yacht is rendered unsafe or unfit for use, a temporary vessel and emergency accommodation is available to the assured.
Our comprehensive risk assessment helps to identify and mitigate potential gaps in security that could leave new policyholders vulnerable.
Extensive risk mitigation services
The cover has been designed by Beazley’s experienced underwriting, claims, risk and breach response specialists and leverages this knowledge to provide access to experts for pre-incident risk management services.
Risk mitigation offerings can include:
Yacht owners, yacht management companies, family offices and risk managers.
Worldwide
BEING BOLD
Freedom lies in being bold. We dare to be different and seek bold possibilities to create more innovative, fair and satisfying outcomes for our clients, brokers and employees. From insuring the highest building in the world, to the first commercial lunar vehicle to operate on the moon - we boldly go where others won’t.
STRIVING FOR BETTER
Good is a start, but we go all-out for better. A driven community of individuals relentlessly push the needle and creating value. From launching the market’s first dedicated ESG syndicate to the establishment of our business unit focusing on designing digital insurance solutions, we pride ourselves on always going above and beyond. Simply put, at Beazley we go to 11.
DOING THE RIGHT THING
Acting with integrity in a straightforward, decent way is instinctive. Open and honest with others, we show respect and empathy however challenging the situation – demonstrated by our multi-award winning claims team. Doing the right thing makes for a fair-minded, rewarding environment and makes work and life better for all.
Loss of use of bridge systems:
A trusted third-party software provider updates a critical operating system such as Electronic Chart Display Information System that contains an error rendering it inoperable, but in this instance no Physical Damage to the vessel occurs.
Forensic Investigation of systems is needed by experts with hardware replacement required.
Privacy:
Data from onboard servers extracted by a threat actor, with an extortion demand for threat of release. Data includes information on the crew and guest manifest, passport and medical information as well as Vessel CCTV footage.
Cyber extortion negotiation and expertise required in addition forensic analysis, legal advice of regulatory data breaches and fines.
Physical damage:
A disgruntled employee embeds malware on behalf of a threat actor within AVR software and/or engine control software which could prevent generators or engines from providing sufficient power resulting in a loss of manoeuvrability and ultimately physical damage to the vessel.
Maritime support vessels required, system replacement and hull coverage.
London, UK
+44 (0)20 7674 7432
Email James
London, UK
+44 (0)20 7674 7037
Email Kelly