American International Group (AIG) has become the first insurer to offer standalone coverage for property damage, bodily injury, business interruption and product liability resulting from cyberattacks or other cyber-related risks. This new product, named CyberEdge Plus, will offer wider and clearer coverage for harm that had previously caused issues due to the scope of coverage available. Companies can now be protected against third party claims arising from failed network security or failure to protect data, costs associated with responding to a security failure or privacy breach, business interruption caused by a network security failure, threats made against a computer network or confidential information, and liability for web content. The new coverage is available for up to US$100 million.

CyberEdge Plus fact sheet