NEXT maintains liability insurance policies with CFC Insurance, the specialist insurance provider, pioneer in emerging risk and market leader in cyber. Underwritten by Lloyd's Insurance Company S.A., our policies include multi-million eurp aggregate limits. CFC Insurance has an “AA-” (Very Strong) insurer financial strength rating given by Fitch.
NEXT has insuring agreements for events appropriate for our business, including coverage for:
Infringement of intellectual property
Privacy and network security
Regulatory fines
Media liability
Contractually assumed patent liability
Liquidated damages
Data loss
Incident response
Business interruption
Data and system recovery
Cyber extortion
Cyber crime
Public liability
Product liability
Cyber liability
NEXT also maintain relevant insurance for our business operational facilities and workers compensation insurance for employees.
For more information about our coverage areas and aggregate limits, please contact your account manager.