CyberGuide - Information Security and Cyber Risk Management

(Pictured: Jeff Tilley – Vice President, Manager of Cyber Hazards)

270 Central Ave
Johnston, RI 02919
[email protected]


Mutual company FM Global is one of the world’s largest commercial property insurers. Clients turn to FM Global to help them be more resilient to property-related risk.

Its FM Global Advantage policy delivers the broadest, most comprehensive property insurance available on the market today. First-party cyber coverage includes:

  • Damage to data, programs or software created by viruses or other malware including:
    • Restoration of data, including the time to research/engineer lost or damaged data
    • Resulting time element loss
    • Temporary costs to defend against a cyber attack
  • Computer network service interruption due to malicious cyber activity including
    • Actual loss sustained, as well as extra expense during the period of interruption
    • Temporary costs to defend against cyber attack
  • Third-party data services interruption (cloud outage) leading to business interruption and/or property damage including
    • Actual loss sustained, extra expense and property damage during the period of interruption
    • Extends to supplier locations
    • Includes satellite services
  • Resulting property damage and business interruption on an all-risk basis including
    • Physical loss or damage to insured property other than data on an all-risk basis
    • Resulting time element loss

Cyber Optimal Recovery

This coverage endorsement works in conjunction with the FM Global Advantage policy to complement a cyber policy. Clients can position their FM Global Advantage policy as primary, excess or contributing insurance as necessary to maximize total insurance recovery in a cyber event. It maximizes total recovery following a cyber loss; clarifies how the FM Global Advantage policy will interact with a cyber policy—before the loss occurs; and automatically addresses issues with potentially overlapping coverage.

Survey Answers

Target Client Size
more than $500M
Does US business in
Northeast, Southeast, Midwest, Southwest, West
Does international business in
Canada, Continental Europe, United Kingdom, Asia, South America, Africa, Australia/New Zealand, Mexico
Primary Service Offering
Insurance Carrier
When did your company start writing standalone cyber insurance policies?
What are your company’s cyber insurance direct written premiums?
Did not respond
What percentage of your cyber insurance direct written premiums come from standalone policies and endorsements?
Did not respond
What percentage of your cyber book of business is primary and excess?
Did not respond
How many dedicated cyber insurance underwriters of standalone does your company have?
Did not respond
How many cyber-related claims did your company handle last year?
What percentage of your cyber-related claims were covered by standalone cyber policies and other lines business?
Did not respond