Smart Cyber Insurance®: Primary and Excess
Protecting businesses from cyber threats with data-driven coverage plus the insights, tools, and expert advice needed to manage risk.
Appetite and Coverage
The protection you need
Smart Cyber Insurance® covers primary and excess risks for businesses earning up to $2B in gross annual revenue, with limits up to $5M.
Up to $5M in limits
Up to $2B in revenue
Network security and privacy liability
Regulatory investigations, fines, and penalties
PCI DSS assessment expenses
Contingent business interruption
Digital asset destruction, data retrieval, and system restoration
Cyber extortion and ransomware
Breach response and remediation expenses
Social engineering and cyber crime
Forensic accounting coverage
Criminal reward coverage
Travelers Completes Acquisition of Corvus Insurance
With a proven platform and deep cyber underwriting and risk management expertise, Corvus brings to Travelers important cyber capabilities.
The Corvus Solution
Every Smart Cyber Insurance® policy includes:
We help safeguard your business from cyber threats, 24/7/365, with proprietary, real-time intelligence on cyber risk.
From day one, we make it easier to identify, understand, and get ahead of threats with Risk Dashboard, a platform purpose-built to manage cyber risk.
Reduced risk = retention savings
Corvus policyholders can get rewarded for staying on top of their security. Complete the Security Questionnaire in your Risk Dashboard for up to 25% reduction on self-insured claim retention.*
*Questionnaire must be completed prior to the discovery of an incident. Subject to a maximum cap based on the program.
Resources for brokers
Frequently asked questions
Our Smart Cyber Insurance® policy covers losses resulting from a security breach or cyber crime event, including: first-party losses, or losses suffered by your company (for example, income loss or digital asset loss) and third-party losses (amounts that your company is legally obligated to pay to others).
Corvus considers several factors when calculating premiums, including an organization’s score on our noninvasive IT security scan, the organization’s revenue and nature of business, the quality of the organization’s cybersecurity controls, and the limit requested.
Common cyber incidents that trigger claims include:
Ransomware attacks: Hackers lock up files or devices and demand a ransom payment in exchange for release
Data breaches: Confidential data is stolen or otherwise exposed
Wire fraud: An employee is tricked into sending money to a scammer
System failure: Shutdowns due to system outages that may or may not be malicious in nature
Your cyber insurance provider is an important partner in mitigating security threats. Every Corvus policy includes access to Corvus Signal™, the only cyber risk mitigation solution proven to reduce risk. Policyholders engaged with Corvus Signal™ have experienced up to a 20% reduction in the frequency and cost of cyber breaches. With Corvus Signal™, policyholders gain access to unlimited consultations with cyber experts, real-time intelligence on emerging threats, and easy-to-use tools to manage security risks.
Contact your commercial insurance broker and ask them about cyber liability coverage. Corvus's offerings are available via select appointed agencies around the country. Our expert cyber underwriters work hand-in-hand with brokers to provide fast, accurate, and fully customized cyber insurance quotes.