Ransomware
A mid-size architecture firm’s file server was encrypted overnight. All CAD drawings, Revit models, and spec documents were locked.
The impact
- 10 days of total downtime
- $175,000 in forensic and restoration costs
- $80,000 in lost productivity and missed deadlines
- Required IT rebuild because backups were also corrupted
Takeaway
A&E firms are prime ransomware targets because project files are high-value and time-sensitive.
The claims scenario is strictly documented for illustrative purposes only and provides an example of what a policy could cover. It is intended to provide a general overview of the program described. Please remember only the insurance policy can give actual terms, coverage, amounts, conditions and exclusions. Program availability and coverage are subject to individual underwriting criteria.