Coverage + Appetite

Automated Quoting + Individual Account Underwriting

The art of underwriting complex risk should never lose its human touch. While much of our underwriting process is automated through risk models built by our Data Science team, we understand that certain cases require expert review. Our Underwriting Team has decades of experience in Cyber, Cargo, and Tech E&O, so no matter the size or distinctiveness of the business, you can be sure the quote you’re getting has been developed with care.

[ICON] Smart Cyber Insurance Underwriting Appetite

Smart Cyber Insurance Underwriting Appetite

  • Primary risks earning up to $1B in gross annual revenue

  • Excess risks earning up to $1B in gross annual revenue

  • Limits up to $5MM

  • Most risk classes are eligible, with the exception of the following:

    • Casinos/gambling risks

    • Colleges/universities

    • Cannabis-related risks

    • Pornographic/adult content related sites

    • Social media/networking (websites relying on user-generated content, blogs, chat rooms, and online networking forums)

    • Payment processors

Smart Cyber Insurance Coverage

Network Security and Privacy Liability

Regulatory Investigations, Fines and Penalties

Media Liability

PCI DSS Assessment Expenses

Breach Management Expenses

Technology and Professional Services E&O

Business Interruption

Contingent Business Interruption

Digital Asset Destruction, Data Retrieval and System Restoration

System Failure

Cyber Extortion and Ransomware

Breach Response & Remediation Expenses

Social Engineering & Cyber Crime

Reputational Loss

Bricking Coverage

Invoice Manipulation

Forensic Accounting Coverage

Bodily Injury

Criminal Reward Coverage

Preventative Shutdown

Smart Cyber IT Security Report

Pre-Claim Support Services

Breach Consultation Services

Smart Cyber Insurance Features

[ICON] List Checkmark Broad coverage and competitive rates thanks to our proprietary underwriting process

[ICON] List Checkmark Prioritized recommendations for fixing key IT vulnerabilities

[ICON] List Checkmark Efficient quoting with the shortest application in the industry

[ICON] List Checkmark Ongoing cyber threat monitoring throughout policy period

[ICON] List Checkmark Quotes returned within minutes for most accounts

[ICON] List Checkmark Risk Management Portal for cyber education and training

[ICON] List Checkmark Online platform for easy quoting

[ICON] List Checkmark Access to dedicated breach response team and other approved third-party vendors

[ICON] List Checkmark Dynamic Loss Prevention Report with every policy: easy-to-read IT security assessment

[ICON] List Checkmark Experienced cyber claim response team

Smart Cyber Insurance Claims

Real-time access to information, 24/7. Push-button reporting. Advanced breach analysis from our data science team. Welcome to a smarter claims experience.

Data drives Corvus – and that includes the claims experience. With our digital platform, the CrowBar, brokers can access claims 24/7 and generate claims reports at the press of a button. Sending updates to a client is just another click away.

The claims experience doesn’t stop there. When a Smart Cyber Insurance claim occurs, Corvus works closely with our risk-taking partner Hudson Insurance Group. The U.S.-based claims team at Hudson has over 15 years of experience in handling Cyber, Media and Tech E&O claims. Claims are initiated through the breach coach, available 24/7.

While we work with the claims team on immediate response, our Data Science team runs a Corvus scan on the state of your IT Security at points in the past: one week and one month before the claim. The Corvus team advises the policyholder on how to improve IT security,  providing specific recommendations directly related to the claim. 

And before a claim ever occurs, we have the best-in-breed resources, like table-top exercises, breach coaches, digital forensics, crisis management and much more. These are available in our Risk Management Portal, part of the CrowBar digital platform and available at no extra cost for all policyholders.

[ICON] Smart Tech E&O Underwriting Appetite

Smart Tech E&O Underwriting Appetite

  • Risks earning up to $1B in gross annual revenue

  • Primary limits up to $10M

  • Most technology-based services companies are eligible, with the exception of the following:

    • Social Networking Websites

    • Chat-rooms/Blogs/Message Boards

    • User-Generated Content Websites (i.e YouTube)

    • Online Dating Websites

    • Gambling

    • Adult Content

    • Video Game Developers

    • Aviation Software

    • Microchip Manufacturers

    • Cryptocurrency/Bitcoin

Smart Tech E&OTM Coverage

Network Security and Privacy Liability

Regulatory Investigations, Fines and Penalties

Media Liability

PCI DSS Assessment Expenses

Breach Management Expenses

Technology and Professional Services E&O

Business Interruption

Contingent Business Interruption

Digital Asset Destruction, Data Retrieval and System Restoration

System Failure

Cyber Extortion and Ransomware

Breach Response & Remediation Expenses

Social Engineering & Cyber Crime

Reputational Loss

Bricking Coverage

Invoice Manipulation

Forensic Accounting Coverage

Bodily Injury

Criminal Reward Coverage

Preventative Shutdown

Smart Cyber IT Security Report

Pre-Claim Support Services

Breach Consultation Services

Smart Tech E&O Features

[ICON] List Checkmark Broad coverage and competitive rates thanks to our proprietary underwriting process

[ICON] List Checkmark Prioritized recommendations for fixing key IT vulnerabilities

[ICON] List Checkmark Efficient quoting with the shortest application in the industry

[ICON] List Checkmark Ongoing cyber threat monitoring throughout policy period

[ICON] List Checkmark Quotes returned within minutes for most accounts

[ICON] List Checkmark Risk Management Portal for cyber education and training

[ICON] List Checkmark Online platform for easy quoting

[ICON] List Checkmark Access to dedicated breach response team and other approved third-party vendors

[ICON] List Checkmark Dynamic Loss Prevention Report with every policy: easy-to-read IT security assessment

[ICON] List Checkmark Experienced cyber claim response team

Smart Tech E&O Claims

Real-time access to information, 24/7. Push-button reporting.
Welcome to a smarter claims experience.

Data drives Corvus – and that includes the claims experience. With our digital platform, the CrowBar, brokers can access claims 24/7 and generate claims reports at the press of a button. Sending updates to a client is just another click away.

In handling Tech E&O claims, Corvus works closely with our risk-taking partner Crum & Forster (C&F). C&F is recognized for providing superior service based on responsiveness, a collaborative approach and cumulative knowledge. The company has more than 500 claim professionals nationwide, with specialized expertise in Cyber and Technology E&O.

While we work with the claims team on immediate response, our Data Science team runs a Corvus scan on the state of your IT Security at points in the past: one week and one month before the claim. The Corvus team advises the policyholder on how to improve IT security,  providing specific recommendations directly related to the claim. 

And before a claim ever occurs, we have the best-in-breed resources, like table-top exercises, breach coaches, digital forensics, crisis management and much more. These are available in our Risk Management Portal, part of the CrowBar digital platform and available at no extra cost for all policyholders.

[ICON] Smart Cargo + Cyber Underwriting Appetite

Smart Cargo + Cyber Underwriting Appetite

We underwrite Smart Cargo + CyberTM for the life sciences and food & drink industries, for both perishable and non-perishable goods, including wine and beer.

Target Industry Segments:

  • Manufacturing

  • Wholesale

  • Distribution

  • Importers & exporters

  • Freight forwarding

Smart Cargo + Cyber Coverage

We offer an industry-first affirmative Cyber endorsement with Cargo policies.

  • Ocean/Air Transit

  • War/SR&CC

  • Domestic Transit

  • Location Extensions – (Warehouse/Processing)

  • Salesperson’s Sample

  • Exhibition/Trade Shows

  • Affirmative cyber endorsement

Enhanced Coverage for Perishable Products

  • Spoilage

  • Refrigeration

  • Net Profit and Extra Expense on Product While at Processor

  • Product Deterioration on Goods While at Processor

DOWNLOAD SMART CARGO + CYBER FORM
DOWNLOAD SMART CARGO + CYBER BROCHURE

Our Comprehensive, All Risk Form Includes

[ICON] List Checkmark Warehouse to Warehouse

[ICON] List Checkmark World to World Insurance (except where prohibited by law or regulation)

[ICON] List Checkmark Contingent Insurance

[ICON] List Checkmark Deliberate Damage – Pollution/ Customs

[ICON] List Checkmark Concealed Damage

[ICON] List Checkmark Full Value Reporting

[ICON] List Checkmark Shortage from Containers

[ICON] List Checkmark Drop Shipments

[ICON] List Checkmark Consolidation Coverage

Smart Cargo + Cyber Claims Handling

Real-time access to information, 24/7. Push-button reporting. Advanced loss analysis from our data science team. Welcome to a smarter claims experience.

Data drives Corvus – and that includes the claims experience. With our digital platform, the CrowBar, brokers can access claims 24/7 and generate claims reports at the press of a button. Sending updates to a client is just another click away.

We work closely with our risk-taking partner, Skyward Specialty Insurance, on handling cargo claims. When a Smart Cargo + Cyber claim occurs, we can look at the shipment data of the event and track it to the minute. With that information, we can help determine what party in the logistics chain was responsible for the loss. If that is a party other than the policyholder, we are informed and effective at subrogating (making the other entity pay) the claim. That improves the loss record of our insureds.