MGA targets SMEs with zero excess cyber cover

Specialist managing general agent Ascent Underwriting is aiming to attract SMEs to buy its cyber cover by offering the product without an excess/deductible.

This means the insured will not be asked to contribute to pay a portion of the claim.

The zero excess option on the cyber cover will be available to all new and renewal SME clients that opt to use Ascent’s panel of service vendors in the event of a claim.

Ascent chief underwriting officer Gareth Tungatt said: “Ascent has built significant data sets regarding the management of claims during the last five years.

“Offering clients nil deductible policies and access to our expert partner vendors ensures they incur zero cost at the point of claim, while receiving the best possible advice that allows claims incidents to be closed down as swiftly as possible.”