Cyber Insurance for P & I Policies

In some circumstances, cyber attacks can lead to 3rd party costs (e.g. ROW – removal of wrecked vessels causing danger or blocking narrow lanes, FFO – vessels striking port infrastructure whether fixed or floating) to which regular P&I policies will not respond because of Lloyd’s exclusion LM5403.

While traditionally cyber policies focus on first-party costs, we have created a policy which can cover these items where cyber is the proximate cause, providing significant comfort to port states concerned that a cyber attack on a third party affecting their ability to operate.

Working closely with brokers and The P & I Clubs we get to understand your operational exposure; assess your approach to cyber risk; and deliver tailored underwriting solutions.