US businesses that buy property coverage exclusively from AXA XL will be able to benefit from a first-party cyber insurance product as an addition to their Platinum Property coverage. The new policy is available for all properties in the United States and Canada.
US businesses that buy property coverage exclusively from AXA XL will be able to benefit from a first-party cyber insurance product as an addition to their Platinum Property coverage. The general product will cover business interruption, data breach and recovery, extortion, ransomware and crisis management, while Platinum clients that add the cover to their existing property policies will also be able to access proactive cybersecurity services, an online cybersecurity resource, and 24/7 claims support.