Zurich Insurance has launched cyber insurance industry-specific endorsements to cover the manufacturing sector.
The new proposition offers cover for components within supervisory control and data acquisition systems (SCADA), programmable logic controllers (PLC) as well as other industrial control systems.
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It is also designed to protect computer hardware, software, firmware and electronic data along with electronic backup facilities that can be accessed via internet, intranets, extranets or virtual private networks.
Associated input and output devices used by manufacturers are also covered, and so are computer peripheral devices.
The offering specifically targets midsized manufacturers who are prone to cyber breaches while incorporating new technologies.
The insurer will present the new proposition at its Cyber Risks in Manufacturing event held at Manufacturing X Digital in Chicago.
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By GlobalDataZurich North America head of professional liability and cyber Michelle Chia said: “Historically, manufacturers have presented lower profiles to cyber criminals because they did not have large databases of personal information to be accessed and stolen.
“Today, as manufacturers become more dependent on network connections linking industrial control systems with production machinery, robotics and other vital hardware, they are becoming more attractive targets.
“If a plant is shut down for any length of time due to a cyber attack, the impact can be significant and long lasting.”
The latest move comes shortly after Zurich received a group insurance contract from Energy Super, an Australian industry superannuation fund.
