Our offering is designed to help businesses and organizations to mitigate the risk of cybercrime activity like cyberattacks, ransomware extortion payments, regulatory violations, legal liability and more.
What are the sections of our policy?
First Response Services
Upon discovery of a breach, we extend free IT forensic investigation services to help identify and categorize the attack, assess the damage and attempt to clean and restore all affected systems, accounts and endpoints. This section also provides legal and PR advice services to enable the organization to manage the crisis objectively.
This section pays for Legal, IT, PR services, Credit and ID Monitoring in addition to Data Restoration and Breach Notification costs. When a cyber event occurs, having the correct expertise on hand can result in dramatically improved outcomes – especially when underpinned by First Response.
This module responds to the liability costs incurred as a result of breaches of confidential information, security failure, failure to notify the regulator and breaches of PCI compliance.
We provide affirmative cover for defense costs and insurable fines incurred during a regulatory compliance investigation.
This section responds to third party liability claims arising from a failure of the insured’s network security or a failure to protect data. Insurance also responds to regulatory actions in connection with a security failure, privacy breach, or the failure to disclose a security failure or privacy breach
Network Interruption (Business Interruption)
Cyberattacks often result in disruption of business-critical activities and customer services and loss of data, which could lead to a significant dip in revenue. The network Interruption extension covers reduction in net profit and mitigation expenses when business operations are interrupted or suspended due to a cyber security incident.
Our extortion module covers losses resulting from an extortion threat. This includes
payments to end an extortion as well as fees incurred from specialist cyber extortion advisors. Some common cyber extortion includes ransomware attacks, Distributed Denial of Service (DDos), Data Breach Extortion, email based extortion, etc.
This cover module extends legal services & network interruption cover to include losses and mitigation costs arising from the failure of a service provider that an insured outsources its services from.
Our key advantages
First Response Services
Upon discovery of a breach, we extend free IT forensic investigation services to help identify and categorize the attack, assess the damage and attempt to clean and restore all affected systems, accounts and endpoints. This section also provides legal and PR advice services to enable the organization to manage the crisis objectively.
This section pays for Legal, IT, PR services, Credit and ID Monitoring in addition to Data Restoration and Breach Notification costs. When a cyber event occurs, having the correct expertise on hand can result in dramatically improved outcomes – especially when underpinned by First Response.
This module responds to the liability costs incurred as a result of breaches of confidential information, security failure, failure to notify the regulator and breaches of PCI compliance.
We provide affirmative cover for defense costs and insurable fines incurred during a regulatory compliance investigation.
This section responds to third party liability claims arising from a failure of the insured’s network security or a failure to protect data. Insurance also responds to regulatory actions in connection with a security failure, privacy breach, or the failure to disclose a security failure or privacy breach
Network Interruption (Business Interruption)
Cyberattacks often result in disruption of business-critical activities and customer services and loss of data, which could lead to a significant dip in revenue. The network Interruption extension covers reduction in net profit and mitigation expenses when business operations are interrupted or suspended due to a cyber security incident.
Our extortion module covers losses resulting from an extortion threat. This includes
payments to end an extortion as well as fees incurred from specialist cyber extortion advisors. Some common cyber extortion includes ransomware attacks, Distributed Denial of Service (DDos), Data Breach Extortion, email based extortion, etc.
This cover module extends legal services & network interruption cover to include losses and mitigation costs arising from the failure of a service provider that an insured outsources its services from.
Our key advantages
Covers the financial consequences of losing or mis-appropriating customer or employee data
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Provides access to a cyber-incident response team from industry specialists and covers the PR costs of reducing the damage it could cause to your reputation.
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Covers the potentially significant costs and expenses of a data protection regulator’s investigation and fines following data security breaches
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Covering the costs of restoring, recollecting or recreating data after a leak or breach
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