Willis Towers Watson launches tailored cyberinsurance coverage for general aviation business
CompanyWillis Tower Watson
In Action Summary
Recently, Willis Tower Watson (WTW) launched a cyber insurance solution called WTW Aerospace Cyber Guard for the general aviation industry. The product was developed in partnership with Berkley Cyber Risk Solutions for general aviation companies, including charter operators, tour operators, flying clubs, flight schools, fixed-based operators, maintenance repair operators, small aviation-related manufacturing and fleet management companies.
Key features include:
– Streamlined application process offering ease and convenience.
– Data breach response losses and costs.
– Business interruption.
– Reputational damage.
– Ransomware extortion.
– Losses due to social engineering schemes including fraudulent money transfers.
Jason Saunders, president, Willis Towers Watson Aerospace, North America has said of the initiative: “As the general aviation industry wakes up to cyber risk exposures, Willis Towers Watson is leading the way by offering a tailored and specific solution to fill potential cyber coverage gaps due to the changing risk landscape. Willis Towers Watson Aerospace Cyber Guard is part of our integrated approach to advising companies on how to manage their cyber risks, operate more confidently in this unchartered territory and ultimately protect their brand.”
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