Equipment Breakdown + Cyber
Comprehensive protection for connected equipment
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Cyberattack on equipment is a growing risk that businesses need to manage to avoid major disruptions and financial losses.
Coverage highlights
HSB Commercial Cyber coverage provides multiple layers of protection to help pay the costs for:
- Data recovery and re-creation
- System recovery and repair
- Lost business income
- Reputation management
- Ransom payments
- Data breach response expenses
- Identity recovery expenses
HSB Equipment Breakdown coverage helps cover the costs resulting from a breakdown, including:
- Property damage
- Off-premises property damage
- Business income
- Contingent business income
- Extra expense
- Expediting expenses
- Service interruption
- Perishable goods
- Data restoration
Real-life cyberattack scenario
A manufacturing company suffered a three-day shutdown and the resulting loss of business income because of a cyber event.
A hacker gained access into the company’s administration network and crossed over into its production equipment computer control system. The hacker then blocked the control system from shutting down the production line, causing the system to overheat and fail. The company was forced to shut down for three days to replace several motors. The total paid loss after deductible was $11,430.