Falvey adds cyber coverage for cargo

Falvey Cargo Underwriting, part of Falvey Insurance Group, said Monday it is now offering cyber coverage for cargo.

The coverage protects against physical loss or damage to goods while in the ordinary course of transit and/or while in storage caused directly or indirectly by the operation of any computer, computer system, computer software program, malicious code, computer virus, computer process or any other electronic system that are otherwise excluded under the LMA 5403 Cyber Endorsement.

Coverage is available as an add-on for all new and existing Falvey cargo marine and stock throughput policies, the insurer said. Limits are available up to $5 million, and coverage may be purchased mid-term.

This website states: The content on this site is sourced from the internet. If there is any infringement, please contact us and we will handle it promptly.