Brit Launches Cyber Attack Product

Brit PLC, a specialty insurer and reinsurer, has developed an insurance service that it said was intended to protect companies operating critical infrastructure and industrial machinery from terrorist and other malicious attacks, such as sabotage, espionage, and theft.

Brit said its product gives companies insurance cover for first party property damage, business interruption, the cost of restoring digital assets, and reimbursement for resultant business income losses. In addition, it provides comprehensive cyber security risk assessment, on-going loss mitigation, and inspection services.