CFC launches cyber product

CFC Underwriting Ltd. Wednesday announced the launch of Cyber Proactive Response, a cyber product for businesses with annual revenue up to $250 million.

The coverage offers up to $10 million in limits, according to an email from a CFC spokesperson.

CFC said enhancements to the coverage include interim payments for business interruption, affirmative coverage for artificial intelligence events, and full system failure coverage.

Cyberattack prevention services for policyholders will be offered within the insurance policy wording.

Policyholders also will have access to unlimited reinstatements that will be offered with no deductible, CFC said in a statement.