Notably, C360 will offer customers full coverage for multiple events during the period of the policy, with small companies increasingly becoming targets due to their business-critical role in wider supply chains, the use of AI by threat actors and the expanding use of third-party vendors by all businesses.

C360 will offer policyholders the full policy limit on an any one claim (“AOC”) basis for an unlimited number of times during the policy period. In addition, it will provide cover for events involving data theft, disruption to business operations and impacts from outages at critical service providers. This includes support for security breaches, with access to Brit’s 24/7 emergency hotline and suite of forensics and data restoration services, with zero retention.

Jon Sullivan, Chief Underwriting Officer at Brit said: “We are pleased to announce the launch of C360. This is another example of Brit’s innovative cyber offering for small businesses, which is a key market segment for us. Small businesses are now at a greater risk of being targeted by threat actors, often due to their valuable roles in larger business supply chains. C360 provides the robust yet accessible protection they need to safeguard against a broad spectrum of cyber risks.”

Adelle Gruber, Class Underwriter, Cyber at Brit added: “All businesses are reliant on data and technology to efficiently operate, and SMEs are no different. With a growing number of threat actors finding ways to infiltrate firms’ operations, it is essential the insurance industry responds with readily available and appropriate coverage. With over two decades of experience in helping navigate cyber risk, we understand the unique challenges faced by businesses of all sizes and are delighted to make this latest solution available.”

Find out more about C360