Hartford Steam Boiler (HSB), part of Munich Re, today announced a new
HSB Farm Cyber Insurance solution that helps protect farmers and farm
technology from hackers, malware and other cyber attacks.
“Innovative technologies are being deployed across the farming industry
and data and information systems are helping farmers better understand
how to maximize efficiency and production,” said James Hajjar, who leads
the cyber practice for HSB’s reinsurance clients. “With this new
reliance on digital information and technology comes new digital
security exposures.”
HSB Farm Cyber Insurance protects farmers against cyber attacks
involving computers and electronic devices located about the farm
premises, including the farm owner’s residence.
Coverage for commercial farm exposures can include losses due to a data
breach, computer attack, cyber extortion, or misdirected payment fraud.
Data collected across the farm, from farm machinery to drones, is
protected, with coverage for the costs of restoring data and systems in
the event of a cyber event, as well as the loss of income.
HSB Farm Cyber Insurance also offers coverage for the farm family,
including identity theft, online fraud, cyber bullying, and damage from
cyber attacks on the family’s computer systems and connected home
devices.
HSB’s cyber coverage is available as an endorsement to insurance
companies that partner with HSB to offer coverage to their customers.
HSB Farm Cyber Insurance also can be bundled with HSB’s Farm Equipment
Breakdown Insurance, which covers the repair or replacement of farm
equipment.
Hartford Steam Boiler (HSB), part of Munich Re, is a multi-line
specialty insurer and provider of inspection, risk management and IoT
technology services. HSB insurance offerings include equipment
breakdown, cyber risk, specialty liability and other coverages. HSB
blends its engineering expertise, technology and data to craft inventive
insurance and service solutions for existing and emerging risks posed by
technological change. Throughout its 150 year history HSB’s mission has
been to help clients prevent loss, advance sustainable use of energy and
build deeper relationships that benefit business, public institutions
and consumers. HSB holds A.M. Best Company’s highest financial rating,
A++ (Superior). For more information, visit www.hsb.com
and connect on LinkedIn,
Twitter
and Facebook.
Munich Re is one of the world’s leading providers of reinsurance,
primary insurance and insurance-related risk solutions. The group
consists of the reinsurance and ERGO business segments, as well as the
capital investment company MEAG. Munich Re is globally active and
operates in all lines of the insurance business. Since it was founded in
1880, Munich Re has been known for its unrivalled risk-related expertise
and its sound financial position. It offers customers financial
protection when faced with exceptional levels of damage – from the 1906
San Francisco earthquake to the 2017 Atlantic hurricane season and the
California wildfires in 2018. Munich Re possesses outstanding innovative
strength, which enables it to also provide coverage for extraordinary
risks such as rocket launches, renewable energies, cyber attacks, or
pandemics. The company is playing a key role in driving forward the
digital transformation of the insurance industry, and in doing so has
further expanded its ability to assess risks and the range of services
that it offers. Its tailor-made solutions and close proximity to its
customers make Munich Re one of the world’s most sought-after risk
partners for businesses, institutions, and private individuals.
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