Shipowners and ship managers face cyber risks in different ways. An owners’ vessels may be subject to physical damage (including war and confiscation) and loss of hire following a cyber incident.
However, the office based cyber risk should not be overlooked and the Astaara solution is to bridge the marine and cyber covers with a single, high-quality event management following a cyber incident, in order to protect the whole business. Equally ship managers may be unable to perform their contractual duties following a cyber incident and the Astaara policy can help all maritime enterprises with both first and third party insurance in this scenario.
The Astaara Marine & Enterprise Cyber Perils Insurance is designed to cover the effects of a cyber incident affecting any computer system, service, or network which is controlled by the Insured.