Hiscox P3
Digital Solution For Brokers

Cyber insurance

What is Hiscox P3?

Hiscox P3 is a digital solution that allows you to get small business quotes in minutes. Simply enter your clients information in the portal’s short application and adjust the limits and sub-limits to your preference. From there you can instantly download your quotes and bind whenever you are ready. The portal is also home to our painless digital signature process for applications to improve the transaction experience. P3 allows for a quick and seamless solution to servicing your clients.

If you’ve already received an invite, you can access P3 here.

If you would like an invite to P3, please contact your local underwriter.

Available Products

Cyber
  • Admitted & surplus
  • Limits between $500,000 to $3M
  • $5M in revenues and below

Available endorsements

We offer the following:

  • Cyber Crime Package Limit of Liability*
  • Utility Fraud Limit of Liability
  • Reputational Harm Limit of Liability
  • Bricking Limit of Liability
  • Enhanced Privacy Regulation
  • System Failure Limit of Liability
  • And more

Appetite

Exclusions:

  • If there have been more than 3 claims incidents or $25,000 in losses or knowledge of an act that could give rise to a claim
  • The company has been the subject of a regulatory action, investigation, or inquiry as a result of the handling of sensitive data
  • If HIPPA is noncompliant, and if they store, transmit, collect or process any health care records.
  • If PCI DSS is noncompliant, and payment is not fully outsourced or they store more than 500 transactions.

For a full list of excluded industries download our factsheet.

Consultants
  • Surplus (Non-admitted)
  • Limits between $100,000 to  $3M
  • $5M revenues and below

Coverage & benefits

  • Bodily injury and property damage sublimit
  • Blanket coverage for additional insureds where required by contract
  • Retention credit
  • 70/30 hammer clause
  • Automatic coverage for majority owned subsidiaries, independent contractors, and acquired entities

Optional enhancements

  • Breach of contract
  • Defense outside limits up to $1M
  • First dollar defense

Exclusions

  • Any open claims
  • More than $25,000 paid across all closed claims
  • Knowledge of any fact, circumstance, allegation, or incident that could give rise to a claim

Excluded services Consulting services in the following areas:

  • Aerospace
  • Automotive
  • Construction
  • Employee benefit plan/pensions
  • Firearms
  • Franchising
  • Healthcare

For a full list of excluded industries download our factsheet.

contact_underwriter
Technology
  • Surplus (Non-admitted)
  • Limits up to  $3M
  • $5M revenues and below

Coverage & benefits

  • Affirmatively covers claims for unintentional breach of a written contract. 
  • Does not exclude contract liability, warranties or guarantees.
  • Provides broad intellectual property coverage not limited to just software copyright and not sub-limited. 
  • Covers negligent act error or omission, including a breach of a duty to use reasonable care, or negligent misrepresentation 
  • Covers contractual fees the insured is owed where the insured’s client refuses to pay due to a negligent error by the insured.  
  • Reimbursement for service credits to finally resolve all known claims and potential claims
  • Broadly defined covered damages includes a return of fees.
  • Product recall exclusion does not exclude an otherwise covered claim alleging the loss of use of the technology product   

Exclusions:

  • If there have been more than 3 claims incidents or $25,000 in losses or knowledge of an act that could give rise to a claim
  • The company has been the subject of a regulatory action, investigation, or inquiry as a result of the handling of sensitive data
  • If HIPPA is noncompliant, and if they store, transmit, collect or process any health care records.
  • If PCI DSS is noncompliant, and payment is not fully outsourced or they store more than 500 transactions.

For a full list of excluded industries download our factsheet.


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Risk management

We partner with leading risk management services to ensure our clients have support and guidance, in addition to exceptional coverage.

Hiscox CyberClear Academy™

An online suite of cyber security training modules designed to help your client's organization reduce the risk of a cyber incident. Your client will learn what an online risk is and how to avoid being hacked, how to protect important information, sensible precautions to take to avoid being hacked, and more.

Try it yourself with our sample version!

Watch our explainer video to learn more about the Hiscox CyberClear Academy

eRisk Hub®

 

eRisk Hub®, powered by NetDiligence®, provides tools and resources to help our policyholders understand the exposures, establish a response plan and minimize the effects of a data breach on an organization.

Learn more about eRisk Hub.

Risk Management Assistance

Free initial confidential consultation from a referred, national recognized law firm. Up to one-hour of legal services to assist in better understanding and minimizing risks that commonly lead to the types of claims covered under a Hiscox privacy policy.