Protecting Your Business Against the Consequences of Cyber Incidents
A cyber incident can affect any company, regardless of its size or industry. A cyberattack, data loss or business interruption can result in direct financial losses, liability to third parties, regulatory proceedings and loss of trust among clients and business partners.
Cyber insurance helps companies manage the financial and operational consequences of such events while providing rapid access to appropriate specialist support.
What Cyber Risks Do Companies Face?
The most common cyber risks include:
Ransomware attacks
Unauthorised access to data
Theft or disclosure of personal and business data
Phishing and other forms of social engineering
Compromise of email or user accounts
Disruption of IT systems
Errors by employees or external service providers
Attacks affecting suppliers and other connected companies
Fraudulent electronic payments and false payment instructions
Even an incident that does not result in permanent data loss can cause several days of business interruption, significant system recovery costs and obligations to notify affected individuals or regulators.
What Can Cyber Insurance Cover?
Coverage can be tailored to the company’s activities, size and exposure to cyber risks. It may typically include:
The exact scope of coverage depends on the agreed policy terms, limits of indemnity, deductible and the specific characteristics of the individual risk.
More Than Financial Compensation
The value of cyber insurance goes beyond financial compensation for losses. In the event of a cyber incident, a rapid and coordinated response is often critical.
Cyber insurance can provide companies with access to:
The first hours following a cyber incident are often critical to limiting the damage and restoring business operations as quickly as possible.
Who Is Cyber Insurance For?
Cyber insurance is recommended for companies that:
Today, virtually every company depends on digital infrastructure to some extent. Cyber risks are therefore no longer limited to technology companies.
Local Support and Access to the European Insurance Market
For each company, we seek a solution that best reflects its business activities, size and risk profile.
Cyber insurance can be arranged:
This enables us to provide:
A Solution Tailored to Your Business
Every company has a different level of exposure to cyber risks. For this reason, we do not take a one-size-fits-all approach when arranging cyber insurance.
We analyse:
Based on this analysis, we identify an insurance solution that reflects the company’s actual exposure and specific requirements.
A cyber incident cannot always be prevented. Its financial and operational consequences, however, can be significantly reduced.