Specialty reinsurer Beazley has added two of its product lines to the broker e-trading platform myBeazley to meet the needs of UK domiciled private business with a turnover of up to £350 million.
UK brokers can now access Beazley’s comprehensive service-led cyber product, Beazley Breach Response (BBR), as well as management liability, which includes directors’ & officers’ (D&O) insurance with limits of liability on an any one claim basis, as well as the option to add crime and/or employment practice liability cover.
Nick McGarey, Beazley’s focus group leader for international private enterprise and e-trading, said, “We have added two of our leading products suites to myBeazley, which can be sold separately or as a package.”
“Our e-trading platform provides quick and easy quotes based on as few as four questions, allowing brokers to quote and bind policies for businesses with a turnover of up to £350m without the need to speak to an underwriter.”
As well as D&O cover and the option to add crime and employment practices, the management liability package also includes additional risk management services such as Website recovery, Executive replacement, and Employment practices legal helpline – a bespoke helpline provided by Clyde & Co.
BBR is Beazley’s comprehensive data breach product, which gives insureds access to a range of pre and post breach risk management services designed to help an organisation prepare for, and respond as quickly as possible to a data breach or cyber-attack.
Specialist products already available via myBeazley include event insurance, medical malpractice, pleasure craft, professional indemnity and media & entertainment.