14 June, 2016
R&Q Commercial Risk Services, part of R&Q MGA, is delighted to announce the launch of embedded cyber cover as part of all of its commercial combined and package products.
The cover includes first and third party liability expenses caused by a data breach and crime. While cyber is well understood as a major risk, the market’s focus is currently around larger corporates. Despite this, cyber is a major threat to SMEs, with significant potential to damage these businesses. By incorporating cyber cover as part of its existing range of combined and package products, R&Q aims to further support its broker base and their SME clients in managing their risk profiles.
The cyber offering has been designed to offer an appropriate level of cover at the right price that can mitigate the impact of a data breach or cyber-attack.
James Wheddon, Head of R&Q Commercial Risk Services, commented:
“While the threats posed to businesses by cyber-attacks are well known, much of the cover available is targeted at the larger end of the market. Often, these products are not suitable for SMEs, who are after something both simpler and more appropriately priced, but that can protect their business from a cyber-attack or data breach. By embedding cyber cover into our commercial combined and package products, we will enable our panel of independent brokers to ensure that their clients are protected with this vital cover.”
Further to the Company’s announcement on 13 January 2020 (RNS number 5159Z), the Company hereby provides the attached notification, made in accordance with the requirements of the EU Market Abuse Regulation.
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