Beazley launches cyber policy for luxury yachts

Yacht

Beazley has launched an affirmative cyber insurance policy for luxury yachts. The provider said the cover will protect against physical damage, loss of access, threat and ransom of the vessel.

Beazley confirmed the product is available to brokers and added that its Cyber Defence for Superyachts would provide in-built risk prevention and immediate response services if there is a cyber breach.

Richard Young, marine underwriter and head of Hull at Beazley, commented: “Following guidelines

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