Cyber Insurance

What is Cyber Insurance

Cyber Insurance is a form of cover designed to protect businesses from cyber threats, such as data breaches or malicious cyber attacks that can cause your business financial and reputational losses.

The benefits of Cyber Insurance

Cyber insurance is a key element to guarantee the cyber resilience of your SME. Cyber risk is complex, and it’s constantly evolving. The old way of managing and mitigating risk doesn’t cut it in the digital age. Cyber liability coverage can provide crucial support to help your business stay afloat.

What does Cyber Insurance Cover ?

In case of a cyber incident, most cyber insurance policies will cover the first-party and third-party financial and reputational costs. For the first-party – business involved – cover includes the cost of investigating a cyber crime, recovering data lost in a security breach and restoration of computer systems, loss of income incurred by a business shutdown, reputation management, extortion payments demanded by hackers, and notification costs, in the case you are required to notify third parties affected.

Third-party coverages (that result from claims against you) include damages and settlements, and the cost of legally defending yourself against claims of a LGPD breach.

What do we need to do to get a Cyber Insurance Policy ?

Complete the free risk assessment to understand what specific requirements you need to meet to get cyber insurance and identify the services and solutions to support you to meet those requirements via our marketplace