The policy is designed to provide immediate assistance for individuals and families in the event of a cyber-attack on their personal electronic devices
Arc Legal has launched a dedicated Personal Cyber Support policy.
It will provide household insurance customers with access to expert support, restoration services and cover for cyber-attacks.
The policy is designed to provide immediate assistance for individuals and families in the event of a cyber-attack on their personal electronic devices. The cover can be either embedded in an underlying home insurance policy or provided as part of a legal expenses insurance (LEI) policy.
The average number of internet-connected devices per household is now over eight and, according to the Office for National Statistics, nearly 42 million UK adults access the internet every day.
Arc Legal says the policy provides crisis response and incident management cover, offering immediate assistance following a cyber-attack; as well as restoration cover to reinstate the customer’s devices to their original state before an attack and reimbursement of credit monitoring costs if the customer signs up to a monitoring facility.
James Waddy, commercial development manager of Arc Legal, said: “The growth of personal cyber products in the UK market has predominately focused on High Net Worth customers. We have developed an assistance-led, affordable option for a more general customer base that does not simply replicate these products but supports the customer to provide practical assistance and deal with the real risks they face.”
He continued: “Personal Cyber Support is an important addition to our growing portfolio of assistance-based products and services. It further demonstrates our ability to design and develop relevant solutions that add value and respond directly to the needs of our clients and their customers.”