DAS UK Group, the UK’s leading specialist legal expenses insurer, has been chosen by Covéa Insurance to provide a cyber insurance product as part of its HNW Home Insurance offering.
DAS UK’s bespoke product features a limit of indemnity of £50,000 for Covéa’s Executive Home policy or £100,000 for its Executive Plus product. Cover comprises:
• Cyber Assistance Cover
• Cyber Crime Cover
• Legal and Cyber Risk Management Website
• Cyber Helpline and Attack Resolution Centre
Jay Prosser, Head of Partnerships, DAS UK Group, said: “Cyber is an integral part of the overall transformation of our legal expenses proposition. We’ve recognised that the demands on legal expenses providers are changing and evolving while there has actually been very little real innovation in terms of legal expenses products. Cyber insurance cover is still in its infancy but we feel that this product is a significant step forward in providing HNW consumers with the right protection against what is a highly common threat.
“DAS UK was one of the first to launch a Cyber product for personal lines and today’s announcement of our partnership with Covéa Insurance represents the next step in our push to continue innovating in this space. By introducing an improved cyber helpline and early resolution service into our already comprehensive cyber and legal expenses products, Covéa’s High Net Worth customers are now better protected than ever before.”
Sara Simmons, Head of HNW and Operational Governance, Covéa Insurance, said: “We’re excited to be partnering with DAS to offer our High Net Worth customers enhancements to the cyber cover we offer within our Executive home insurance products.
“As well as providing cover in the unfortunate event of an incident, customers will also have access to unlimited guidance and advice through a self-serve portal on cyber and legal matters, and a chatbot facility giving real-time advice. Cybercrime is growing at an alarming rate so we hope this gives customers added peace of mind by helping to avoid them becoming a victim and ensuring that, should the worst happen, they can access the support they need.”