You’ll be able to insure your home, your automobile and your life. Now you too can insure your self towards cyberbullying.

International insurance coverage large Chubb (C.B) lately launched a brand new cyberbullying insurance coverage coverage for rich prospects within the UK and Republic of Eire.

That is the primary time the sort of insurance coverage has been provided within the area, Chubb stated.

Chubb stated it can spend as a lot as £50,000 (€74,600) to assist prospects and their households get well from on-line trolls.

As a part of the bundle, Chubb pays PR professionals to assist a shopper restore reputational injury and pay cybersecurity professionals to assist a shopper construct a robust authorized case if the case goes to trial.

As well as, it reimburses misplaced revenue or tuition if a shopper has to overlook work or faculty. And it covers short-term relocation prices if a buyer has to maneuver resulting from trolling.

“The intention is to cowl any associated prices which will come up because of cyberbullying,” says Tara Parchment, shopper supervisor at Chubb.

However the brand new insurance coverage can’t be bought as a standalone product. It is just included in Chubb's top-end house insurance coverage bundle, which prices not less than £2,500 ($3,730) a yr and is aimed toward rich people.

How unhealthy does the cyberbullying need to be earlier than you name Chubb?

Parchment stated a shopper might search protection after experiencing greater than three cyberbullying incidents which have resulted in monetary loss. The shopper would face harassment, intimidation and/or threats of defamation, slander or violence. So easy on-line bullying wouldn’t be sufficient to result in payouts.

CNNMoney (London) First revealed December 18, 2015: 10:11 AM ET