Travelers Europe has unveiled a new standalone cyber insurance product, Travelers CyberRisk, for businesses in the UK and Ireland.

Travelers CyberRisk will provide liability and first-party cover for losses from cyber-attacks. It will also provide access to assistance that can help limit client exposures to cyber events, including; breach coaches, forensic investigators, public relations support and credit monitoring services.

The cover includes limits of up to £10mn across liability, breach response, cyber-crime and business loss covers.

It is a standalone policy that can be purchased individually or as part of the Travelers management liability package, the company said.

Davis Kessler, head of cyber at Travelers Europe said: “With cyber threats continuing to evolve, businesses without dedicated cover could find themselves insufficiently protected in the event of a breach,”

“Our global team has created a package designed to help companies navigate their cyber event response so they can return to normal as quickly as possible.”