Specialist insurer Ecclesiastical, in collaboration with Blackstone Consultancy, has launched new guidance to help brokers talk to their customers about the cyber risks they face. The increasing use of digital is exposing clients to new risks, particularly with cyber-attacks increasing in both frequency and ingenuity.
Research from Ecclesiastical revealed over half (54%) of brokers would welcome more support from insurers to help them sell more cyber products.
In response to the findings, Ecclesiastical is encouraging brokers to refer to the new guidance at ecclesiastical.com/cybersafety and speak to their private clients about how best to protect themselves and their households.
Sarah Willoughby, Art and Private Client Development Director at Ecclesiastical said: “Cyber insurance can offer a safety net should the worst happen and brokers play an important role in helping clients understand the risks they are facing and in ensuring they have the right cover in place. Cyber cover is a huge growth opportunity for private client brokers and our research has found brokers need more support from insurers to help them crack the cyber market. We hope this new guidance will help brokers speak to their clients about how they can best protect themselves from online risks.”
Last year, Ecclesiastical launched a new enhanced Art and Private Client policy which includes cyber cover with home systems damage as standard, with the option to purchase cyber-crime and cyber online liability as additional covers.