Cyber Physical Damage and Loss of Hire (Cyber H&M and LOH)

Cyber Physical Damage and Loss of Hire Insurance (Cyber H&M and LOH) protects shipping companies from the financial impact of cyber-attacks that cause physical damage to vessels or systems, as well as the associated loss of income due to downtime.

As digital threats increase, ships and maritime operations are more exposed to hacking incidents that can cripple navigation systems or damage critical machinery.

This insurance covers the costs of repairing or replacing damaged equipment and compensates for the loss of hire if your vessel is out of service due to a cyber incident. Cover might be extended to respond to collision liabilities as well.

By securing Cyber H&M and LOH insurance, your business can stay operational in a digital age where threats come not only from the sea but also from cyberspace. It shows that your company is prepared to handle new risks, reassuring both clients and stakeholders.