Mactavish warns of underinsurance in commercial property
Consultancy says that cyber elements of commercial property cover are increasingly being removed.
Mactavish has warned that cyber elements are increasingly being removed from commercial property policies.
The insurance consultancy said it has seen the removal of data loss and IT breakdown cover even if the loss arises from ‘traditional’ incidents such as fire.
Mactavish noted that the move was leaving businesses unknowingly exposed and underinsured.
Trend
Mactavish claimed that the trend was kick-started by Lloyd’s of London and the Prudential Regulation Authority requesting greater
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