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Mansions steps up offering with cyber cover

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Mansions of Australia, the Steadfast-owned underwriting agency that caters to the ultra-high net worth market, will add personal cyber protection cover to its Executive Insurance product from October 5.

Mansions says Family CyberSecure will provide clients with comprehensive cover for families and individuals who have been exposed to a range of related risks such as online bullying and identity fraud.

The offering is part of a partnership that Mansions has forged with Cyberscout, an insurance-focused digital security solutions provider owned by identity security specialist Sontiq.

“The acceleration and modernisation of technology allows us to do some pretty amazing things,” Steadfast Underwriting Agencies Chief Underwriting Officer of Personal Lines David McMurdo said.

“However, the luxuries and convenience technology offers can sometimes come at a cost, namely the risks to people’s data, information and privacy.

“In response to this, we’re pleased to have partnered with Sontiq to help successful families and individuals that purchase the Mansions Executive Insurance product to better defend themselves and avoid becoming an easy target from cyber fraud in the first place.”

Cyberscout will provide 24/7 access to digital fraud experts who can provide proactive advice and incident remediation in response to incidents.

A frequently-asked-questions information sheet available on the Mansions website says Family CyberSecure is a new cover section that will be automatically included within the Mansions Executive Insurance product for all policies with an inception date from October 5.

For existing policyholders, the cover will be added on by default when their renewals come after October 5.