Cyber Insurance
Have You Considered Cyber Insurance?
With the rise of interconnected technology solutions, businesses are now more vulnerable than ever to cyber attacks.
Insuregroup has access to cyber event protection insurance cover which can respond to the following events:
Web app attacks
Insider and privilege misuage
Physical theft and loss
Payment card skimmers
Crimeware
Denial of service
Cyber espionage
Miscellaneous errors
Cyber extortion
Point of sale intrusions
What Protection Is Available in the Cover?
1. Losses to Your Business
Costs and revenue replacement cover
Example: Business interruption and cyber investigation expenses
2. Loss to Others
Sums payable, inc/ regulatory fines, penalties, and defence costs
Example: Breach of privacy laws, fines and penalties
3. Cyber Event Response Costs
Costs incurred through event response and management services
Example: Credit and identity monitoring, customer notification costs, data restoration and securing costs, cyber extortion costs, virus extraction.
4. Contingent Business Interruption
Costs and revenue replacement if external supplier suffers a Cyber event
Example: Business interruption
Key Elements of the Cover
Limit up to $10,000,000 available
Cyber event claims response
– 24/7 cyber breach support
– Global cyber expertise
– Global business interruption expertise
To obtain a cyber risk insurance quote or obtain more information, please contact Insuregroup on 1300 983 940
Here’s a short video on cyber risk insurance: