“Are cyber risks excluded from P&I cover?

No.  As a general rule, P&I liabilities which are set out in Rule 2 of the UK Club Rules are not subject to any exclusion of cyber risks.  Nor is the International Group Pooling Agreement subject to a cyber risk exclusion.  Some maritime cyber risks, however, don’t come within the scope of P&I because they don’t arise from the operation of a ship.  An example is the risk of monetary loss where a shipping company is blackmailed to pay a ransom for the restoration of IT data or restoration of IT systems that have been compromised by cyber-attack.”