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Business insurance for brokers

Cyber Risk Management (ERM)


Chubb’s Cyber ERM Version 2 builds on the strengths of Chubb’s Cyber ERM wording and protects against disasters such as loss of availability, data breaches, data corruption, ransomware and online media events covering both third-party liability and first-party losses from malicious acts or negligence.

It includes extensive pre-loss mitigation, post-event crisis management and risk transfer solutions to address the growing cyber and data privacy risks facing companies today.

Product Highlights
Product Highlights

Incident Response: Chubb policyholders have access to our network of Incident Response Management firms around the world via a hotline, the Chubb Cyber Alert mobile application, or the Chubb Cyber Alert website. We support clients throughout an incident using a network of forensic, remediation, cyber extortion, legal, notification, fraud remediation and public relations experts. This service is available 24 hours a day, 365 days a year.

Third-party liability coverage protects the insured for liability resulting from the loss of personal and corporate confidential information. Some highlights include coverage for:


The policy covers loss resulting from a wrongful act and will pay for:

Costs arising from extradition proceedings

Actions between directors of the company

North American exposures

Tax contributions where the company has become insolvent and there is personal liability of an insured

Losses incurred within 30 days of buy-outs by management of a subsidiary company

Damages, judgments, settlements bail bond costs, crisis costs, deprivation of asset costs, prosecution costs, public relations expenses and defence costs

Losses incurred for civil fines and penalties imposed pursuant to Section 78ff (c) or Section 1 78dd – 2(g) (2) of the Foreign Corrupt Practices Act or any similar legislation in any other jurisdiction.

Where there has been fraudulent conduct, non-disclosure, misrepresentation or intent to deceive, the policy will nevertheless be maintained for each innocent director.

The policy will pay legal representation expenses for an insured person who during the policy period is formally required to attend an official investigation into the affairs of the company or the insured person (whilst acting in their capacity as such)

Cover highlights

Third-party liability coverage protects the insured for liability resulting from the loss of personal and corporate confidential information. Some highlights include coverage for:

  • Privacy – failure to protect records and data in print or digital format
  • Conduit – transmission of a cyber attack
  • Content – intellectual property infringement through mismanagement of data or media negligence
  • Impaired access – restricting customer access to the insured’s computer systems, e.g. websites, due to a system attack
  • Reputation – defamation or privacy intrusion through cyber activity.

First-party coverage is designed to minimise the effects of a cyber event. Some highlights include coverage for:

  • Privacy notification expenses
  • Business interruption income loss
  • Data recovery and restoration costs including increased costs of labour and equipment
  • Cyber extortion damages and expenses
  • Crisis management expenses following an incident, our policy responds with a number of vendors that specialise in coordinating an appropriate and timely response.
    Extensions include emergency incident response, betterment costs, cyber crime, reward expenses and telecommunications fraud.