Cyber insurance company At-Bay has added 40 new business classes to its miscellaneous professional liability (MPL) insurance product.

The newly added business classes include industries such as real estate, education, consulting and financial services, and media and communication.

Employment and staffing, and legal and security services industries have also been added to the MPL insurance offering.

Concurrently, the company increased revenue thresholds for new business from $25m to $50m.

Revenue thresholds for renewal business have been increased to $60m from $35m.

Introduced last year, At-Bay’s MPL insurance products mainly help in safeguarding businesses against financial loss and aid them in paying expenses if someone makes a claim against their business.

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

The company offers a capacity of up to $5m in limits for businesses up to $50m in revenue.

At-Bay professional liability head Austin Martin said: “At-Bay’s Miscellaneous Professional Liability product continues to expand to meet the needs of our brokers and insureds.

“We now offer brokers wide and comprehensive coverage for more than 130 MPL classes, with an expanded appetite to support larger businesses.

“Our world-class underwriters and claims managers also continue to provide same exceptional service that At-Bay has become known for within industry.”

At-Bay underwrites MPL insurance policies through Markel’s subsidiary United Specialty Company.

According to At-Bay, it takes brokers less than two minutes to produce when businesses meet all eligibility requirements on the broker platform or via a distribution partner.

Brokers leverage At-Bay’s proprietary risk engine and advanced analytics capabilities to quickly produce At-Bay MPL quote.

The company claims that for its underwriter reviews, the turnaround time is usually within 48 hours.