Hiscox introduces dedicated Security Incident Response insurance policy to meet changing risk landscape
Specialist global insurer Hiscox has announced the launch of a new Security Incident Response (SIR) insurance policy specifically designed to address the changing risk landscape. SIR will enable organisations to fulfil their Duty of Care obligations to protect people, operations, shareholder value and long-term brand and reputation.
A marauding terrorist firearms attack occurs in a major European city, leading security forces to implement a regional ‘lockdown’ and forcing businesses to cease trading… A manufacturer’s plan to shut down plant operations leads to violent worker activism… A consulting firm bidding on an infrastructure project discovers a bribe has been demanded… All of these scenarios are real threats facing organisations in today’s rapidly evolving and increasingly complex risk environment.
The SIR policy indemnifies against a broad range of perils including criminal risks, political risks, terrorism and political violence risks, information risks and kidnap, detention and extortion risks. It equips organisations with the best available incident response, crisis management, strategic advice and recovery support.