RISK ADVISORY:
Bespoke Cyber and Marine Liability Coverage.
A client approached us seeking expertise on Marine Cyber policies. With our experience in the area, we were able to explain both the corporate and the vessel cyber cover and how they can work together. We were then able to respond to questions that the client had in regards to liability unique to their operations.
The client had more specific queries over how the policy would apply as they were seeking cover for geophysical work, taking their own lab, with their technicians and personnel onboard a chartered vessel. The owner of the vessel had their own crew onboard with their own vessel network. The client was sending sensitive data to onshore offices and potentially third parties from the vessel and questioned whether there would be liability cover if malicious code was accidentally sent to third party computer systems. Since onboard, where the operations were executed, it was not their vessel, network, or crew.
We were able to answer those questions and work together with Underwriters, who understand cyber risks specific to the maritime industry, ultimately providing personalised cover specific to their requirements.
Our understanding of cyber cover and the operational dynamics of the maritime insurance industry enabled us to provide a coverage and wording that supported our clients’ operations.
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