Cyber Insurance

Because no one can protect you 100%!!

Cyber-attacks against business are increasing, SME’s believe they are not at as much risk as their larger cousins, however, according to Symantec over 30 per cent of phishing attacks in 2015 were launched against smaller SME’s and 50 per cent of all cyber-attacks are targeted at SME’s (Lindros, 2019). Perhaps the most important aspect of Cyber insurance for an SME is the incident response component. Larger organisations have internal resources and generally, clear plans for responding to a cyber breach and returning to a ‘business as usual’ state as soon as possible.

SME’s do not have this luxury and hence must rely on their cyber insurance policy to provide this critical service. Most SME’s do not have cyber insurance, in fact, only about 15% have it (Sloan, 2019). This suggests that most SME’s are not prepared for breach response and are still exposed to the high cost of cyber incidents. It could mean the difference between staying and in business or becoming a statistic.

Cyber Insurance

There is no 100% defence against cyber-attack

It is clear there is no 100% defence against cyber-attack. As part of a holistic business cyber mitigation strategy, a bespoke cyber insurance policy will help to offset the high costs of providing incident response services and associated costs relating to a cyber breach event. Our Cyber insurance is specifically tailored and available to protect small businesses with essential coverage against cyber threats and data breaches. CyberCare provides sophisticated yet affordable coverage to minimise the impact to your business and protect its reputation. The CyberCare approach considers the following;

• Incident response.
• Access to security experts.
• Investigation and recovery framework.
• Crisis management.
• Breach identification and containment.

Network Interruption

If you suffer a cyber event that causes a network interruption resulting in a loss of income we will insure your losses up to the value on your policy. Includes your network that is under the control of a service provider.

Data Recovery

If you have to undergo data recovery, restoration or re-collection due to a cyber event, we will pay for the recovery costs up to the value on the policy.

Cyber Deception

If you sustain a direct monetary loss from social engineering fraud, we will pay or for the value of goods or monies transferred which occur as a direct result of a cyber deception event up to the value on the policy.

Data Extortion

We will reimburse you for any cyber extortion monies that arise due to a cyber extortion threat, where we are permitted by law up to the value one your policy.

Information security and privacy liability

We will indemnify you for the damages awarded against you for an actual or suspected cyber event, we will also cover the related defence, investigation and settlement costs up to the value on the policy.

Privacy regulatory defence and penalties

We will indemnify you for the amounts which you become legally obligated to pay, including defence costs and expenses, as a direct result of a civil regulatory action arising from a breach of privacy regulations up to the value on the policy.

Data breach notification expenses

If you are required to notify customers of a breach of their personal information, we will pay for legal expenses, public relations expenses, postage expenses and related advertising expenses up to the value on the policy.

Crisis management costs

We will pay any fees reasonably and necessarily incurred by you for the engagement of a public relations consultant, advertising expenses and legal expenses, in order to avert or mitigate any material damage to your reputation up to the value on the policy.

Breach identification and containment

We will assist you in identifying and containing the security breach and scope of issue and will provide a preliminary report.

Legal connect

We will connect you with legal advisors to advise you on the legal requirement to notify customers, and corresponding with any relevant authorities.

Remediation and IT forensics expenses

We will conduct a preliminary forensics assessment to agree on scope and remediate any cyber event.

PR connect

We’ll connect you to a public relations firm to help you protect your reputation in the event of a data breach.

SME Cyber Insurance

Cyber Insurance is a critical element of a strong Cyber Defense

As part of a holistic business cyber mitigation strategy, a bespoke cyber insurance policy will help to offset the high costs of providing incident response services and associated costs relating to a cyber breach event. Our Cyber insurance is specifically tailored and available to protect small businesses with essential coverage against cyber threats and data breaches. CyberCare provides sophisticated yet affordable coverage to minimise the impact to your business and protect its reputation. The CyberCare approach considers the following;

• Incident response.
• Access to security experts.
• Investigation and recovery framework.
• Crisis management.
• Breach identification and containment.

Specialist Cyber Insurance

Cyber Insurance is a critical element of a strong Cyber Defense

If you are any of the following;

• SaaS Provider.
• High-Risk Industry.
• Finding it difficult to get Cyber Insurance.
• Want a better deal.
• Need Cyber Insurance for contracts

Then click below to commence your Cyber Quote

Click here to begin Quote

SME Cyber Insurance

Cyber Insurance is a critical element of a strong Cyber Defense

As part of a holistic business cyber mitigation strategy, a bespoke cyber insurance policy will help to offset the high costs of providing incident response services and associated costs relating to a cyber breach event. Our Cyber insurance is specifically tailored and available to protect small businesses with essential coverage against cyber threats and data breaches. CyberCare provides sophisticated yet affordable coverage to minimise the impact on your business and protect its reputation. The CyberCare approach considers the following;

• Incident response.
• Access to security experts.
• Investigation and recovery framework.
• Crisis management.
• Breach identification and containment.

Click here to begin Quote