BizCover for Brokers platform adds to cyber offering
8 December 2022
BizCover for Brokers has expanded its cyber offering with the launch later this month of Chubb Cyber Enterprise Risk Management, in response to growing demand for such solutions after recent high-profile attacks on Australian businesses.
The Chubb product covers a wide range of risks, including privacy and security liability, business interruption and offers incident response services.
BizCover also updated its existing AIG and Dual cyber products policy wordings.
It says the changes will give greater choice to SME insurance brokers on the platform as demand ramps up following recent events.
“The launch of BizCover for Broker’s new offering presents a huge opportunity for brokers who can now quote, compare, and bind from three market-leading insurers within minutes on one platform,” Head of Product, Channels and Risk Jane Mason said.
“Cyber insurance is especially topical given the current environment, and we want to help brokers protect their SME clients from the growing risk of cybercrime.”
BizCover says brokers can currently quote all three new products and bind from December 23 with a simple question set through the platform, which streamlines processes for intermediary partners in the Australian SME market.