Plum launches first home insurance product to cover cyber risk
Plum, the specialist home insurance managing general agent, has launched Home Cyber, a home insurance product which the company claims is the first to have embedded cyber and data risk cover. Aimed at high and medium net worth individuals, the product covers online crime, fraud and liability exposures and includes access to support services and identity theft resolution services, IT forensic specialists, data restoration and a specialist, 24-hour claims helpline. The policy is underwritten by Munich Re's HSB Engineering Insurance.
MGA says policy is designed to cover and support private clients exposed to cyber fraud.

Managing general agent Plum has launched Home Cyber which it described as the first cyber and data risks cover to be embedded within high net worth (HNW) and mid net worth (MNW) home insurance products in the UK.

Underwritten by HSB Engineering Insurance, the policy covers a range of system, online crime, fraud and liability exposures.



According to the MGA these include losses resulting from damage to home computer systems, identity theft, telephone hacking, cyber ransom and the costs relating