Cyber Security Insurance protects against computer-related losses. These can include phishing or ransomware attacks, or because a laptop or other device containing sensitive information was lost or stolen.
If a business maintains a website, uses email, accepts credit card payments, or collects or stores customer data it is vulnerable to a cyber incident.
What does Cyber Security Insurance cover?
Money lost due to fraudulent instruction or social engineering (like a phishing attack)
Data recovery and business interruption costs due to a ransomware attack, data breach, or security failure
The cost to comply with regulatory requirements
The cost to replace, restore, or repair damaged or destroyed data
The cost to defend claims regarding the handling of confidential information
Income loss sustained due to reputational harm suffered after a covered cyber event
Enhanced privacy regulation coverage for regulatory proceedings involving consumer privacy violations
Fast facts about Cyber Security Insurance
Admitted
$5m revenue limit
Start-up friendly
$270 minimum annual premium
Policy documents will be sent to both you and your client
Automatic renewals after 12 months
Appetite Profile
Cyber Security Insurance is available for hundreds of professions. Some of the most popular include:
Allied health professions
Social workers
Consultants
Business consultants
Management consultants
Marketing consultants
Media consultants
Financial services
Accountants
Bookkeepers
Tax preparers
Technology
IT consultants