AIG Cyber Insurance Solutions

Who is it for?

From SMEs to large multinational companies, AIG CyberEdge insurance solution caters to businesses of all sizes

What is covered?

CyberEdge’s new modular wording offers clients a tailored solution for the unique risks they face.

Available Cover Modules

• First Response

24/7 access to a cyber-response team during a security breach or denial of service attack.

• Digital Media Content Liability

Damages and defense costs incurred in connection with a breach of third party intellectual property, or negligence in connection with electronic content.

• Event Management

Covers costs to retain legal, IT forensics and public relations services to assist in managing and mitigating a covered privacy or network security incident.

• Cyber Extortion

Costs of investigations to determine the cause of the extortion threat and to settle the extortion demand. 

• Network Interruption: Security Failure

Network Interruption responds to an insured’s loss of income and operating expenses when business operations are interrupted or suspended due to a failure of network security. 

• Cyber Crime

Covers direct financial loss from various fraud events, including computer crime, impersonation fraud, telephone fraud and cryptojacking.

• Network Interruption: System Failure

Network interruption losses resulting from an internal system failure not necessarily arising from a cybersecurity breach. 

• Criminal Reward Fund

A reward fund for information that leads to the arrest and conviction of individuals committing or trying to commit a cyber-attack or extortion against the insured. 

• Network Interruption: Outsourced Service Provider (OSP)

Network interruption losses and mitigation costs resulting from an OSP. 

• Loss Prevention

Complimentary loss prevention services to help reduce the likelihood of an incident.

• Security and Privacy Liability

Responds to third party liability for claims arising from privacy breaches and failure of the insured’s network security.

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