Overview

A more connected, digital maritime industry brings with it countless opportunities, but it also opens doors for those whose intentions are less legitimate. It’s no longer just a case of navigating the seas - but the cyber threat landscape too.

We’re here to help marine customers do just that, with the AXIS Cyber Marine Insurance policy. A policy with specific coverage, risk management and cyber incident response services for marine risks.

Key Coverages

Maritime Cyber Response Costs:

  • Provides access to forensic experts, legal advisors, public relations specialists and notification services following a covered cyber incident

IT System Restoration Costs:

  • Covers the costs to restore or rebuild damaged data, software and systems following a covered cyber event

Business Interruption:

  • Designed to respond to loss of income and additional expenses resulting from the interruption to the insured’s own network, or from a cyber event affecting third party IT or cloud service providers

Cyber Extortion & Ransomware:

  • Covers ransomware payments and associated negotiation, investigation and recovery costs

Hardware Replacement:

  • Covers the replacement costs for “bricked” devices rendered permanently unusable by a cyber-attack

Network Security, Privacy & Confidentiality Liability:

  • Coverage for damages and defence costs where third parties allege loss arising from a cyber breach

Regulatory Investigations & Penalties:

  • Designed to respond to regulatory investigation costs and civil penalties (where legally insurable), including under GDPR and similar international privacy laws

Spoofing & Jamming:

  • Coverage for intentional interference, manipulation or falsification of electronic data, signals, or sensor inputs relied upon by the Insured’s network

Malicious & Non-Malicious Cyber:

  • Cover for both malicious and non-malicious cyber incidents on the vessel and onshore including operational error and system failure

Application

Application

AXIS Cyber Marine Insurance application

AXIS Cyber Marine Faqs

You can request a range of limits to suit the budget.

This will depend on a huge range of factors, so it is usual to get a range of options and see which suits best. Your broker should also be able to help.

Yes, we can offer buybacks to CL380 or LMA 5403.

Hull & Machinery, Increased Value and Loss of Hire.

We will mirror the underlying terms and conditions within the policy, so the deductibles will be the same as well as the coverage. If the underlying policy declines cover citing the cyber exclusion, we will take over as we are providing cover for this exclusion.

Yes, that is one part of the policy coverage available.

If you have purchased the buyback to your Loss of Hire policy, it will work in the same way using the same daily deductibles. If you have purchased the general business interruption cover, we will cover costs whilst the systems are restored (including systems onboard), usually after a 12-hour waiting period.

We can provide cover for management companies too.

This can be found in the policy documentation.

Contact US

Your AXIS team

Image for Andy Maher

Andy Maher

Head of Cyber & Technology, London

Image for Gerard Wiley

Gerard Wiley

Senior Cyber Underwriter

Image for David Spratt

David Spratt

Head of Open Market Cyber

Image for Oli Llewellyn

Oli Llewellyn

GCT London Underwriting Manager

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