Starr Companies has launched a cyber insurance product covering both first and third party costs, including:

- network security and privacy liability;

- data breach notification and credit monitoring;

- forensics and investigations;

- business interruption;

- data recovery and repair;

- regulatory fines and penalties; and

- extortion threats.

The company said that the coverage is available on a primary basis and complements Starr's existing excess cyber insurance capabilities.

“In today's innovative, technology-focused business environment, cyber risks are on the top of our clients' minds and are a key consideration in their business strategies,” said David Norfleet, senior vice president and chief underwriting officer of Starr Surplus Lines Insurance Company. “Starr is committed to managing those risks, providing the protection that our clients need to continue to grow their businesses.”