Cyber MGU At-Bay Launches Excess Policy for High Revenue Clients

Cyber insurance MGU At-Bay has launched an excess cyber insurance policy for clients with up to $5 billion in annual revenue, with available limits up to $10 million.

At-Bay developed this product to fulfill broker demand for access to the At-Bay Security Team for organizations with insurance towers.

The At-Bay Security Team provides insureds with ongoing vulnerability scanning, threat monitoring, and 24/7 support to help prevent loss. With the new product launch, At-Bay has made these security services available to Excess clients.

In addition to monitoring clients throughout the lifetime of their policy, the At-Bay Security Team reviews prospective clients during the underwriting process. The team built it’s own security scanning technology and risk model to augment traditional underwriting methods.

At-Bay’s excess product complements their primary cyber insurance product that is available to select broker partners. At-Bay offers both primary and excess limits up to $10 million for clients up to $5 billion in annual revenue across all 50 states and Washington D.C.

At-Bay is based in Mountain View, Calif., with policies underwritten by The Hartford Steam Boiler Inspection and Insurance Company (HSB), part of Munich Re. At-Bay’s policies go up to $10 million in coverage, for organizations across all industry classes. At-Bay launched its insurance program in early 2018 after raising $19 million from venture capital firms LightSpeed and Khosla Ventures. The company was built by insurance and security experts.

Topics Cyber Profit Loss Excess Surplus New Markets Insurance Wholesale