Cyber Enterprise Risk Management (Cyber ERM)

• Leading provider of cyber risk solutions since first product was launched in 1998.
• Innovative, highly customizable risk solutions to address clients’ unique needs, regardless of size, industry or type of risk.
• No minimum premiums. Premiums scale for all sizes of risks based on the scope of coverage and limits.
  
• Cybercrime coverage by endorsement or provided under separate policies from Chubb’s industry-leading Fidelity and Crime products.
• Cyber Incident Response Expenses, with expansive consumer-based solutions that are more robust than minimum regulatory requirements.
• Online quoting and real-time policy issuance for eligible small risks. Referred risks will receive fast turnarounds from your Chubb underwriter.
• Innovative coverage designed to address evolving regulatory, legal, and cybersecurity standards and built to consider future changes.
• Easy-to-read form is aligned with the flow of a typical cyber incident in order to aid decision-making throughout.
• Coverage Territory applicable worldwide to address continued evolution of hosting and data storage.

• Widespread Event Endorsement addresses events with widespread impact, affecting parties with no relationship to the Insured. Similar to how flood and earthquake risks are addressed in property policies— coverage, limits, retentions, and coinsurance can be tailored for all Widespread Events, or by specific peril:
  – Widespread Severe Vulnerability Exploits
  – Widespread Severe Zero-Day Exploits
  – Widespread Software Supply Chain Exploits
  – All other Widespread Events
• Ransomware Encounter Endorsement addresses the increasing risk of ransomware by allowing for a tailored set of coverage, limit, retention, and coinsurance to apply uniformly across all cyber coverages.
• Neglected Software Exploit Endorsement recognizes and rewards good software patching hygiene by providing full coverage for 45 days, and then for software that remains unpatched beyond 45 days, gradually re-weights risk sharing between the Insured and Insurer as time passes.

• Industry-leading coverage designed to address evolving regulatory, legal and cybersecurity standards and built to consider future changes
• Easy-to-read form:
  • Structure aligned with the flow of a typical incident
  • Presentation of Cyber Incident Response Expenses aligned with the typical flow of decision-making throughout an incident
• Clearly labeled exclusions with competitive carve-backs
• Payment Card Loss coverage built into the base form
• Discovery-based coverage at a Control Group level
• Includes enhanced Business Interruption and Extra Expense language
• Broadened definition of Protected Information includes biometrics, internet browsing history and personally identifiable photos and videos
• Extortion Expenses explicitly include Bitcoin and other cryptocurrencies
• Coverage Territory applicable to anywhere in the universe to address continued evolution of hosting and data storage

Chubb’s Cyber ERM policy offers a distinctive level of protection to any organization that owns or manages sensitive customer or employee information, third party corporate information, a computer network or a website. This includes clients of all sizes and across all industries. Chubb’s expansive cyber appetite even includes industries that have experienced the greatest frequency of cyber incidents, including healthcare, financial institutions and retail.