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
Third-party coverage
Network security and privacy liability
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Regulatory investigations, fines, and penalties
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Media liability
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PCI DSS assessment expenses
First-party coverage
Business interruption
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Contingent business interruption
Digital asset destruction, data retrieval, and system restoration
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System failure
Cyber extortion and ransomware
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Breach response and remediation expenses
Social engineering and cyber crime
Additional coverage
Bricking coverage
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Invoice manipulation
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Forensic accounting coverage
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Bodily injury
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Criminal reward coverage
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Preventative shutdown
Industry classes we cover:
Healthcare >
Endorsement offered
Financial institutions >
Endorsement offered
Manufacturing >
Endorsement offered
Professional services
Life sciences
Construction
Retail
Education
![[EMPLOYEE HEADSHOT] Amanda Stantzos - Vice President, Cyber TEO Underwriting, Corvus Insurance [EMPLOYEE HEADSHOT] Amanda Stantzos - Vice President, Cyber TEO Underwriting, Corvus Insurance](https://www.corvusinsurance.com/hs-fs/hubfs/corvus-headshot-392x265-amanda-stantzos.png?width=392&height=265&name=corvus-headshot-392x265-amanda-stantzos.png)
Expand your coverage with Excess
Corvus Partnership
Corvus Insurance Expands Cyber Underwriting Relationship with Travelers
With a focus on tailored coverage, service, and proactive risk management, this collaboration aims to empower businesses to navigate the digital landscape with confidence.
![[ANNOUNCEMENT] Corvus Insurance Expands Cyber Underwriting Relationship with Travelers](https://www.corvusinsurance.com/hs-fs/hubfs/Travelers%20Web%20Graphic%20-%20Option%201.png?width=575&height=597&name=Travelers%20Web%20Graphic%20-%20Option%201.png)
The Corvus Solution
Every Smart Cyber Insurance® policy includes:
Expert partnership
We’re here to help, whenever you need it, with services like instant quoting, unlimited on-demand consultations with risk advisors, a 24/7 claims hotline, and more.
Industry-leading intelligence
We help safeguard your business from cyber threats, 24/7/365, with proprietary, real-time intelligence on cyber risk.
Intuitive technology
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
Resources for brokers
![[GUIDE DOWNLOAD] Smart Cyber Insurance® Appetite Guide](https://www.corvusinsurance.com/hs-fs/hubfs/1-insurance-ebrochure.jpg?width=356&height=200&name=1-insurance-ebrochure.jpg)
Cyber Solutions
Smart Cyber Insurance® Appetite Guide
A one-page overview of Smart Cyber Insurance® appetite and coverage
![[APPLICATION DOWNLOAD] Smart Cyber Insurance® Application](https://www.corvusinsurance.com/hs-fs/hubfs/2-insurance-application.jpg?width=356&height=200&name=2-insurance-application.jpg)
Cyber Solutions
Smart Cyber Insurance® Application
One, easy-to-complete application for Smart Cyber Insurance®
![[FORM REQUEST] Smart Cyber Insurance® Coverage Form](https://www.corvusinsurance.com/hs-fs/hubfs/3-insurance-coverage-form.jpg?width=356&height=200&name=3-insurance-coverage-form.jpg)
Cyber Solutions
Smart Cyber Insurance® Coverage Form
An example Smart Cyber Insurance® policy
FAQ
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.
Premiums vary depending on the type and size of the business insured. Annual premiums start at around $2,000.
Common cyber incidents that trigger claims include:
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Ransomware attacks: Hackers lock up files or devices and demand a ransom payment in exchange for release
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Data breaches: Confidential data is stolen or otherwise exposed
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Wire fraud: An employee is tricked into sending money to a scammer
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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.