Endorsement
Made for Manufacturing
Coverage is extended to specific types of computer systems and software commonly used in the manufacturing industry: MES, CMMS, SCADA, WMS.
Contingent BI Coverage: Including Material & Part Suppliers
Coverage extends to losses from stalled raw materials if physical suppliers encounter a cyber incident, as well as traditional contingent BI coverage.
Invoice Manipulation (Including Tangible Property)
We’ll cover the value of any products wrongfully shipped due to invoices manipulated through social engineering.
Alternative Production Run Costs
To avoid contractual penalties and unhappy clients, we cover the expense of contractors to get the work done while you’re offline.
Utility Fraud
Coverage for utility overages incurred as the result of unauthorized and illegal use of an organization’s various utility services or resources such as electricity, water, natural gas, internet access, telecom, etc.
Appetite
Limits up to $10M
Primary risks earning up to $5B in gross annual revenue
Excess risks earning up to $5B in gross annual revenue
Ransomware shuts down operations
A threat actor brute-forced administrator credentials and launched a ransomware attack against an air filter manufacturer, encrypting several workstations and servers including the company's ERP system.
Ransom demanded
With ransomware deployed, the threat actor demanded a significant ransom in exchange for a decryption tool that would allow the business to resume operation.
Cyber forensics finds that system backups are intact
The Corvus team determined that a ransom payment might be avoided, and connected the manufacturer with experts in digital forensics and data restoration.
Systems restored, no ransom paid
No ransom was paid, and the business interruption agreement in the Corvus Cyber policy responded to the revenue lost due to downtime.
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Food Manufacturing
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Textile Mills / Apparel Manufacturing
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Leather and Allied Product Manufacturing
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Wood Product Manufacturing
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Petroleum and Coal Products Manufacturing
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Chemical Manufacturing
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Plastics and Rubber Products Manufacturing
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Primary Metal Manufacturing / Fabricated Metal Product Manufacturing
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Machinery Manufacturing
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Computer, Electronic Product, Equipment, & Component Manufacturing
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Transportation Equipment Manufacturing
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Furniture and Related Product Manufacturing
Claims Examples & Industry-specific Coverage Highlights
*Eligibility for such program is determined when you apply for coverage. Policy quotes, terms and conditions, and premiums are made in accordance with Corvus Insurance’s underwriting guidelines. The policy, not general descriptions or material within this information, will form the contract between the insured and our insurance carrier partners. Coverage may not be available in all jurisdictions.
*Manufacturing industry statistics from: Sophos News: The State of Ransomware in Manufacturing and Production 2024
*By providing and submitting your contact information to access this why buy, you acknowledge and consent to receive commercial marketing emails and similar correspondence from Corvus Insurance Agency, LLC (CA License No. 0M20816). Such emails are intended for licensed insurance agency or producer use.
Such information will be subject to our online privacy policy found here: https://www.corvusinsurance.com/privacy-policy.
Corvus Insurance Agency, LLC (CA License No. 0M20816), is a wholly-owned subsidiary of Corvus Insurance Holdings, Inc.
*By providing and submitting your contact information to access this endorsement, you acknowledge and consent to receive commercial marketing emails and similar correspondence from Corvus Insurance Agency, LLC (CA License No. 0M20816). Such emails are intended for licensed insurance agency or producer use.
Such information will be subject to our online privacy policy found here: https://www.corvusinsurance.com/privacy-policy.
Corvus Insurance Agency, LLC (CA License No. 0M20816), is a wholly-owned subsidiary of Corvus Insurance Holdings, Inc.
In the event of a cyber attack, both confidential information and goodwill are at risk — which threat actors leverage for large ransom payouts.
Despite the current threat landscape, we’re offering policy language, competitive terms, and endorsements made with financial services in mind.
A sneak peek at the endorsement:
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Appetite for primary & excess risks
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Desired sub-classes for the financial sector
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Coverage enhancements for financial services firms