Protecting what matters most.

BeazleyCyber & Executive Risk

Changing nature of risk

$400bnThe estimated global cost of cyber crime per year. 1

200,000The number of computer systems worldwide impacted by the WannaCry malware.1

50bnThe estimated number of devices and processes that will be connected to the Internet by 2020.1

Notes1 Lloyd’s June 2017 Report Closing the gap, Insuring your business against evolving cyber threats 2 www.pewresearch.org3 www.cornerstone.com4 Kramer Levin 2018 Study Middle Market Private Target Mergers & Acquisitions Deal Points

19mNumber of times the #MeToo hashtag was used on Twitter in the first year of use.2

$2.4bnThe total paid in 2018 by public companies for SEC enforcement actions.3

225%The growth in mid-market merger & acquisition deals utilising reps & warranties insurance since 2015.4

Cyber and executive risks are growing harder for companies to manage. Technological, social and regulatory changes all impinge on these risks and it is critical for companies to partner with an insurer that can keep pace.

Protecting what matters most.

The stakes are very high. You need to protect your critical assets – your clients’ data, your operations, senior executives, your own funds and corporate assets, and your corporate reputation. A cyber attack can put all of these assets at risk, but a class action lawsuit against a company’s directors can be comparably damaging. And the acceleration and amplification of bad news through social media means that reputational damage can be inflicted faster and with devastating effect.

Beazley provides not simply insurance coverage to respond swiftly to claims, but detailed guidance on risk prevention, mitigation and incident response. The business lines that have been combined within the cyber & executive risk division comprise some of Beazley’s fastest growing products.

The products are available to companies ranging in size from small business to multi-national organisations. With the exceptions noted below,* all industries are covered.

Cyber & TechAll products are available admitted and surplus lines and are available in the US, at Lloyd’s and internationally. Vector is surplus lines only.

• Beazley Breach Response (BBR) – Limits up to $15m/€15m/£10m• Beazley InfoSec – Limits up to $25m/€25m/£15m• Media Tech – Limits up to $25m/€25m/£15m • Media – Limits up to $25m /€25m/£15m• Vector – Limits up to $100m/€100m

Executive RiskThe following products are available admitted and surplus lines and are available in the US and Lloyd’s.

• Beazley Advanced Boardroom & Company Protection (Public Company D&O) – Limits up to $25m• Beazley Armour (Side A – DIC D&O) – Limits up to $25m • Entity + Regulatory Investigation and Inquiry – Limits up to $25m • Execuguard (package policy for Private Company D&O, EPL and Fiduciary) – Limits up to $20m per coverage • Employment Practices Liability (EPL) – Limits up to $20m. Up to $25m via Concorde Consortium. – Employee counts up to 30,000. Greater than 30,000 employees via Concorde Consortium.

The following products are surplus lines only:

• Beazley Bridge (International Side A D&O) – Limits up to $25m• Practice Protect for law firms – Limits up to $20m • Safeguard (for organizations entrusted with the care of minors and vulnerable adults) – Limits up to $10m – No minimum or maximum employee count • Workplace Protect (EPL and wage & hour) – Limits up to $10m. Up to $25m via Concorde Consortium. – Employee counts from 500 to 10,000. Unlimited via Concorde Consortium.

M&A – Available in the US, at Lloyd’s and internationally – Surplus lines – Limits up to $60m/€60m/£40m

* EPL exceptions: entertainment and religious entities. Private D&O exceptions: casinos, education, entertainment, financial institutions, non-profit and religious entities. Safeguard exception: adoption and foster care. Workplace Protect exceptions: agriculture, auto dealers, home health & security.

Safeguard• If you experience an incident, Beazley can deploy experts to support you through the initial crisis period• $50,000 sub limit available• First dollar coverage (no self insured retention applicable)• Beazley has partnered with several firms, all highly experienced and expert in their respective fields, to address the many operational and reputational challenges that you might face in the event of a crisis situation• While the service providers’ fees and expenses will be met by Beazley up to the sub limited amount, the service providers will be engaged directly by the policyholder, to represent your interests.

BBR Services• Dedicated in house Breach Response Services unit• Experienced experts that have managed thousands of breaches for companies ranging in size from small businesses to large multinationals across a variety of industries• 24/7 availability• Multiple award winning.

Lodestone Security• Wholly owned subsidiary of Beazley plc• Provides a wide range of cyber security consulting services for policyholders in the US and Canada• High level of expertise and results without big firm pricing• Experience in a variety of industries including healthcare, government, manufacturers and financial services.

A commitment to prevention

At Beazley we work with you to not just cover your risks but to prevent and mitigate them. We have pioneered a range of innovative products. These products frequently combine coverage to indemnify clients against the financial costs of lawsuits with expert services to minimise the chances of claims occurring and respond effectively to incidents when they do occur. This 360° approach will help protect the resources that are most vital to your organisation. If a risk can be prevented, we are committed to helping you do exactly that.

Services

Claims

• Our claims team partners with our insureds to secure the best possible outcome on claims• Beazley has been managing first party and business interruption claims for a decade and has handled over 200 US Securities Class Actions. We know what’s at stake when a business is disrupted• Beazley difference – our claims team is collaborative, experienced, accessible, pragmatic, flexible and consistent.

• Cyber policyholders over $100k premium are eligible for a 4 hour on-site incident response workshop or a business continuity planning on-site workshop• Cyber policyholders between $50k - $100k are now eligible for either a 2 hour on-site security best practice, disaster recovery/business continuity planning virtual workshop or an incident response virtual table top session.

Workshops

• A dedicated website on US cyber risks and key issues to inform and educate, cyber.beazley.com• Insight into industry exposures• Product resources – claims and breach examples, document center and service providers• Training calls, webinars and continuing education events.

Broker support

Risk management

Safeguard• Beazleysafeguard.com is a learning management platform for employees, volunteers, and other workplace participants. • The platform provides education, training, and access to other loss prevention products and services that can help create a safe environment.• Training includes online child safety training modules, on-demand sexual abuse prevention training and ongoing bulletins to keep the trainees current.• Telephone advice service covering risk management queries from managers.

Cyber• Beazley owned and managed portal, beazleybreachsolutions.com• Resources and education to help plan for incident response and IT security, risk assessment, data privacy and security, and business continuity• Interactive online employee training on phishing, ransomware, and other threats; training tip sheets and posters• Monthly live webinars, breach trend newsletters, and security alerts on emerging cyber threats, risk management fundamentals, legal and regulatory developments, and best practices • Discounted employee anti-phishing training.

EPL, Wage & Hour and D&O• Beazleysure.com provides experienced HR professionals with comprehensive tools and resources to effectively manage HR risks and address difficult situations as they arise• Access to a free employee complaint hotline to address and mitigate the risk of unreported employee concerns• Interactive online training courses available in English and Spanish• Access to over 5,000 resources addressing risks throughout the employment lifecycle including multi-state compliance charts, employment checklists and templates and employee handbooks • Wage & hour compliance and risk management tools including checklists and state-by-state comparative charts• Wage & hour training and educational resources, quarterly bulletins and webinars• Corporate governance guidance provided via best practices policies and checklists• Complimentary legal advice by established outside counsel for all employment or governance related issues.

beazley.com/cyexlondon

BeazleyCyber & Executive Risk

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The descriptions contained in this communication are for preliminary informational purposes only. Coverages are underwritten by Beazley syndicates at Lloyd’s and will vary depending on individual country law requirements and may be unavailable in some countries. Coverages are available in the US only on a surplus lines basis through licensed surplus lines brokers. The exact coverage afforded by the product(s) described in this communication are subject to and governed by the terms and conditions of each policy issued. The publication and delivery of the information contained herein is not intended as a solicitation for the purchase of insurance on any US risk.

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