London, 28th July, 2022 – Spring Insure, the specialist Financial and Professional Lines MGA, today announces the launch of its commercial cyber offering, tailored for Small and Medium Enterprises (SME) businesses. The cyber cover is an addition to the existing product suite of financial institutions and Directors & Officers (D&O) cover that is offered in partnership with Beazley.
This additional cyber product, offers protection against loss from a cyber incident and also provides access to Beazley Cyber services including pre-breach and risk management services. In the event of a cyber breach, policyholders will work directly with Beazley’s in-house breach response team, Cyber Services, and Beazley’s claim team to resolve the incident.
Commenting on the announcement, Nathan Sewell CEO of Spring Insure said “Cyber capacity is not keeping pace with growing demand for cyber solutions. In our areas of specialism, larger organisations can often access cover, but sometimes small businesses are left vulnerable. We understand that the needs of these smaller companies are different to their larger counterparts and our tailored approach to underwriting every risk makes this an important addition to the suite of products we offer to the SME market.”