Cyber Insurance
- what's covered
Cyber Insurance provides protection for businesses against the financial and operational impacts of cyber incidents, including data breaches, ransomware attacks, business email compromise and network security failures.
It can typically covers incident response costs, forensic investigations, legal expenses, customer notification, regulatory investigations, business interruption, cyber extortion, data recovery and third-party liability arising from privacy or security breaches. Policies often also provide access to specialist cyber response teams to help businesses quickly contain, manage and recover from cyber events.
Cyber Insurance
A single cyber attack can shut down your systems, expose your customers’ data and cost you far more than the breach itself. Cyber Insurance protects your business against the financial fallout of incidents like data breaches, ransomware and system outages.
Cover generally responds on two fronts. First-party cover meets the costs you carry directly, including incident response, data recovery, system restoration and business interruption while you’re offline. Third-party cover responds to claims brought against you after a breach, covering legal defence and liability where others are affected. Many policies also include cyber extortion response and the costs of notifying affected customers and regulators.
For full details of the Product Disclosure Statements, please contact us.