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Munich Re
HSB WHISTLESTOP Edition 11/2017
Risk Solutions
For Agents & Brokers
HSB's electronic circuitry coverage protects today's equipment
HSB TechAdvantage™ adds a second cause of loss for technical equipment risks
What makes HSB's TechAdvantage™ different? In addition to providing the important equipment breakdown insurance a business needs, we can pay for the failure of todays sensitive microelectronics and fill a coverage gap found in standard policies. HSB includes Electronic Circuitry Impairment coverage, which is triggered when physical damage is not easily detectable.
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Hartford Steam Boiler
In this issue
» HSB's electronic circuitry coverage protects today's equipment
» HSB cyber survey shows half of U.S. businesses hacked
» Six reasons why your clients need cyber insurance
HSB cyber survey shows half of U.S. businesses hacked
More than half of U.S. businesses (53 percent) experienced a cyber attack in the past year and 72 percent of the targeted businesses spent more than $5,000 to investigate each incident, HSB’s latest survey of data and information risks shows. The nationwide poll found that more than a third of the hacked businesses (38) percent spent more than $50,000 to respond: 10 percent spent $100,000 to $250,000, and seven percent more than $250,000.
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Six reasons why your clients need cyber insurance
Why should a mid-size business purchase cyber insurance? After all, some owners might say, they may not have many customers or generate big revenues like a large corporation. The fact is, hackers and cyber thieves often target smaller companies. Here are some of the reasons.
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Recent Paid Claim - Ransomware infects medical manufacturer
A ransomware virus spread through the systems of a medical equipment manufacturer, infecting computers and servers. HSB’s cyber insurance paid to recover data that was encrypted and to replace proprietary software that was corrupted.
Total Paid Loss $33,599
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Hartford Steam Boiler
One State Street
P.O. Box 5024
Hartford, CT 06102-5024
1-800-HSB-1866 (1-800-472-1866)

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