HSB Engineering Insurance Limited (HSB EIL) (Munich Re (Germany))
HSB Cyber Insurance
by HSB Engineering Insurance Limited (HSB EIL)
B2BA++DirectNIS2Broker onlyUK, Republic of Ireland, Isle of Man, Channel IslandsEnglish
Last updated 46143
Product Details§ 01
Max Insurance Limit
Bespoke; SME limits up to £5M typical.
Min Premium / Revenue
Annual turnover up to £50M/€50M; SME-focused.
Market Focus
SME; annual turnover up to £50M/€50M; all industries.
Coverage
Cyber crime / FTF
AM Best Rating
A++ (Superior) – AM Best
MGA / Direct
No – Direct insurer.
Policy Language
English
NIS2 / DORA Support
UK Cyber Security and Resilience Bill advisory included.
War Exclusion
War and nation-state cyber exclusion applied (LMA-aligned).
Geographic Scope
UK, Republic of Ireland, Isle of Man, Channel Islands.
Broker Only
Yes
Advantages & Limitations§ 02
Advantages
- HSB Engineering Insurance Limited (HSB EIL): specialist provider of engineering and technology insurance; part of Munich Re group; A++ (Superior) AM Best; 20 years' cyber expertise.
- UK and Republic of Ireland specialist; also covers Isle of Man and Channel Islands.
- Broker-only distribution; cyber available via Acturis open market and HSB Fast Track for eligible e-trade risks.
- HSB Cyber Insurance: computer, data and cyber insurance policy all in one; comprehensive cover for SMEs with annual turnover up to £50M/€50M.
- Coverage (first- and third-party): virus/hacking/DoS attacks (not excluded as terrorism), data breach, privacy liability, regulatory investigations and fines, system damage and restoration, business interruption, social engineering/FTF, extortion costs.
- Expert advice and support on claim: IT, legal, forensic and media relations specialists.
- Non e-trade product (manual submission); dedicated team of technical underwriters.
- Insurers and MGAs: HSB Cyber Insurance also available as white-label product for insurers and MGAs seeking to add cyber to their portfolio.
Limitations
- SME-focused; annual turnover up to £50M/€50M.
- Non e-trade (manual submission via broker).
- UK, Republic of Ireland, Isle of Man and Channel Islands only.
Contact & Response§ 03
Customer Contact
24/7 Crisis Hotline
Expert support via HSB EIL on claim (IT, legal, forensic, media relations).