How it works is, companies completing the government-backed ‘Cyber Essentials’ certification on the CyberSmart website can, without leaving it, almost instantly subscribe to the cyber insurance developed by Superscript – essentially embedding coverage through the real-time technological integration between the two partners.
“The partnership is an industry-defining moment in insurance,” asserted Newby. “As technological capabilities improve, driven by insurtechs like Superscript, we will begin to see much more embedded insurance like this; making it easier than ever before for businesses to secure comprehensive coverage without any fuss.”
Features of the policy for CyberSmart customers include a cover limit of up to £25,000, a round-the-clock breach response service, website recovery services, as well as coverage for physical property infringement, cyber-related supply chain failures, payment card industry costs, and costs for restoring or regaining access to data.
Optional covers for cyber extortion costs…
