Cyber Security and Privacy Insurance

Benefits at a glance

  • Pioneering insurance solution for medium-sized and large companies
  • Worldwide protection against the financial consequences of data loss and different kinds of cyber attacks 
  • Broad third party liability coverage and protection if your company incurs certain costs
  • Complements your existing internal risk management policy
  • Support from legal specialists  and IT experts before (pre-breach), during and after (post-breach) occurrences of loss
  • Modular insurance policy structure in which coverage components can be customized according to individual needs
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Good to know

  • According to analysis carried out by the World Economic Forum (WEF), cyber attacks are amongst the most significant global risks to businesses 
  • US studies have shown that the costs of losing the personal data of customers due to a cyber attack can easily reach seven figure sums
  • The EU is working to tighten privacy legislation. Companies will be obliged to report immediately when sensitive data is  lost or stolen. Higher penalties for breaches of data protection provisions are also envisaged

In detail

Every company that digitally handles or stores the personal data of employees, customers, suppliers or business partners runs the risk of data loss or cyber attack. With the special insurance Cyber Security and Privacy, you can protect your business against claims made by third parties, covering yourself against potentially costly consequences.

Comprehensive insurance for different kinds of  cyber risk

  • Protection against claims for damages made by third parties if personal or business data is lost or made public
  • Protection against involuntary breach of privacy regulations
  • Payment of legal proceedings costs and legal defense costs
  • Liability coverage includes external service providers and suppliers for whom you are legally responsible
  • Optional coverage extensions, such as internet media liability insurance

Your business is financially protected against the following cyber risks 

  • Additional costs that could be incurred after theft or loss of data, such as costs for legal analysis, costs to retain lawyers and  PR consultants 
  • Costs of  notifying customers
  • Costs of reconstructing lost or corrupted data as well as costs to recover and repair damaged software 
  • Loss of revenue as a result of cyber attacks or data loss
  • Cyber extortion

Specialist claims team for cyber attacks

  • In the event of a claim, your company has global protection
  • A specialist team of legal and IT experts will support you in risk analysis (pre-breach), during occurrences of loss, and after cyber attacks (post-breach)

Our advisory service

Take the cyber risks to your business seriously. We would be glad to advise you.
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Protection for inventory and earnings

Water damage in a warehouse, followed by loss of income – the financial consequences can be severe. Protect yourself against risks, now.

A yellow warning sign on the floor.

Business risk under control

Products manufactured incorrectly, incorrect machine operation – liability insurance helps you calculate risk.

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Comprehensive protection for IT, machinery and installations

Damage to IT, machinery or installations can have a massive impact on your business. You need effective protection.