SPECIALTY

Costero is one of the early innovators of the cyber market in Lloyd’s and has experience going back to its creation. We continue to create tailor-made or modular products for both commercial and personal lines cyber.

The use, storage, and value of data and technology is increasing rapidly as it becomes more and more integral to every industry globally. Our dependence on our cloud networks, servers, and third-party IT providers functioning as you would expect is vital. Failure to any of these can lead to significant costs and create substantial legal liabilities whilst damaging public confidence in a company’s brand and a direct loss of income. With the increasing threat of cyber crime and the level of sophistication on which these and other malicious attacks to businesses occur in both severity and frequency, the demand for “cyber liability insurance” is increasing.