Cyber Insurance
Protect the business when your systems, data or payments are attacked.
In Plain Terms
Cyber insurance protects businesses and individuals from financial losses caused by data breaches, ransomware attacks, and other digital threats. It typically covers incident response, data recovery, legal fees, and business downtime.
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01
Threat
An attack, an intrusion, or a deceptive instruction.
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02
Incident
Systems, data or funds are compromised.
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03
Response
Forensics, restoration, legal and crisis communication.
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04
Recovery
Lost operating income and extra expense reimbursed.
Key Coverages
- First-party costs
- Covers incident response and forensic investigations, IT restoration, crisis communication, and cyber extortion / ransomware payments.
- Social engineering fraud
- Covers losses when an employee or individual is tricked into voluntarily transferring money via deceptive electronic communications.
- Third-party liability
- Handles legal defence, customer compensation, and regulatory fines if a stakeholder or client data is compromised.
- Business interruption
- Reimburses lost operating income and extra expenses while your digital systems are offline.
Common Exclusions
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Pre-existing security gaps or known vulnerabilities left unpatched.
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Deliberate or fraudulent acts by company insiders.
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General technology infrastructure upgrades unrelated to an attack.
Coverage is subject to policy terms, conditions, exclusions and underwriting.
Related Covers
Professional Indemnity Insurance
Cover for professional service providers, their principals and their employees.
Directors & Officers (D&O) Liability Insurance
Cover for past, present and future board members and managers facing personal financial loss.
Employees’ Compensation Insurance
The no-fault statutory policy employers must buy to cover work-related injury, illness or death.
Speak With Our Team
Tell us about your business and the risks you’re looking to manage. Our team can help you explore suitable trade-related insurance solutions and next steps.