Cyber security is a growing concern for manufacturers. Manufacturing companies face a myriad of cyber threatsin today’s operating environment. Virus attacks, theft ofintellectual property or client data and lax security in theInternet of Things can all lead to business interruption issues and significant financial and reputational damage.

Alongside this, the implementation of the General DataProtection Regulation in May 2018 introduces significantfines for non-compliance and means companies must haveclear policies and procedures in place to deal with a databreach. The directors and senior managers of manufacturingcompanies have a greater responsibility than ever before toanticipate and mitigate potential cyber threats.

The number of cyber-attacks and their severity and financialimpact is growing. According to Government figures 90%of large organisations and 74% of SMEs suffered a databreach attack in 2015, whilst the National Fraud Intelligence Bureau received reports of losses from cybercrime totalling £25.5 million in February and March 2017 alone.

However, a survey published by manufacturer’s organisation the EFF in May 2016 found nearly half of manufacturers have failed to increase their investment in cyber security in the past 2 years and only 56% say cyber security is given serious attention by their board.

Insurance can cover these risksCyber insurance is growing in importance as a tool to protect companies from the economic and reputational damage that can follow a cyber-attack. Our Cyber+ policy has been developed to provide the broad cover required when a breach occurs in the manufacturing sector.

Cyber+ is a standalone breach-response policy which offersboth the expert crisis support you will need during a cyberattack, plus comprehensive cover for the financial losses suffered.

This includes:• Defence costs• Forensic examination• PR advice• Notification to affected individuals and data

protection authorities• Identity monitoring• Recovery of data• Business interruption: loss of profit, increased cost

of working• The payment of fines and penalties (where

legally permissible) We utilise a centralised, named breach-response services approach, which can act internationally if required. Becausethe policy has been developed with legal input, the wordingsupports the General Data Protection Regulation ahead of implementation in May 2018.

How does Cyber+ work?• You will have a single point of contact from HDI who will co-ordinate the cover for you. They will assemble the team of specialists who would work with you in the event of a breach and they will be named on the policy from inception.• The stakeholders will spend time getting to know your business pre-incident and develop their planned response.• Access to risk management is built into the cover from the beginning.• If a breach does occur, you call a manned response line which is open 24/7, 365 days a year. • You will be kept fully updated on progress at all times by the breach response manager.

CYBER+ POLICYA breach response philosophy with consistent delivery globally

Cyber+ Policy

www.hdi.global

Tailored cyber insurance for manufacturers

June 2017

Client benefitsCommunication – direct to those with the skills you needSpeed of response – there is no delay in notifying us of thebreach plus we already know which experts will be helpingyou and what the plan is, saving time and reducing potentialincreased cost issuesSaves your time – you have a single point of contact to liaisewith and you’re not spending time trying to find help whilstthe crisis is happeningPeace of mind – you know the plan and can communicateit to the board and the wider businessFit for purpose – the pre-planned response allows the policyto deliver on the promises it makes and aims to swiftly getyou back to the same position you were in pre-incident.

Policy details• Standalone policy• Modular structure (optional cover extensions available)• Claims Made trigger for 3rd party losses, and Discovery trigger for 1st party losses• Liability – duty to pay• Insured limits £1m – £25m up to maximum capacity of £50m• Although this policy was developed primarily with the needs of manufacturers in mind, the wording can be tailored to various industries

Optional Cover available• Media Liability• PCI DSS Costs and Penalties• D&O Liability• Fidelity Loss resulting from a Cyber Incident• Espionage Costs• Additional Increased Costs and Expenses• Legal Expenses for Cyber Crime and Data Protection Proceedings

HDI’s global capabilitiesThere are more than 20 local HDI Global entities in relevant territories which can offer local Cyber+ coverage. We are a leading global insurer of multinational and corporate clients, industrial enterprises and mid-sized businesses, participating in various global programmes and offering clients a supportive, open and pragmatic approach to managing their risk exposures. We have been committed to industrial insurance for over 100 years, delivering long term solutions for their risk and insurance needs.

Client Relationship Manager

Neal CollinsT: +44 (0)20 7696 8136M: +44 (0)7812 659722E: Neal.Collins@uk.hdi.global

Underwriter, Cyber+

Peter HawleyT: +44 (0)20 7696 8547E: Peter.Hawley@uk.hdi.global

Underwriter, Cyber+

James StiffT: +44 (0)20 7696 2703E: James.Stiff@uk.hdi.global

Trades in the UK as HDI Global SE – UK10 Fenchurch Street, London EC3M 3BET: +44 (0)20 7696 8099www.hdi.global

HDI Global SE – UKAuthorised by BaFin and authorised and subject to limited regulation by theFinancial Conduct Authority and Prudential Regulation Authority. Details aboutthe extent of our regulation by the Financial Conduct Authority and PrudentialRegulation Authority are available from us on request.

HDI Global SE – UK is a branch of HDI Global SE. HDI Global SE is a companyincorporated in Germany (registered office: HDI-Platz 1, 30659 Hannover, Germany). Cyber+ policy

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