The insurer says policy will cover the cost of professional help, time of work and possible relocation
Chubb Insurance has started offering protection from cyber bullying in its private clients offering.
The insurer claims the policy will cover the cost of professional help, time of work and possible relocation for those who are victims of online harassment.
Chubb said that those who buy its personal insurance will be covered for up to £50,000.
The company defines cyberbullying as three or more acts by the same person or group to harass, threaten or intimidate a customer, the FT reports.
Chubb UK and Ireland private clients manager Tara Parchment said: “We wanted our policies to reflect the changing nature of the risks that policyholders may face, often against themselves rather than their possessions.”
Although the insurance extends to covering costs such as loss of income for victims who lose their job or need to take time off work, the service is primarily aimed at parents who are concerned about their children’s online activities.
Cyberbullying cover is part of a range of products being rolled out by Chubb after a survey of brokers and target consumers.