Cyber Insurance

Cyber Insurance

Any company can be affected by a breach of sensitive customer or employee information.

Any company can be affected by a breach of sensitive customer or employee information. And as technology becomes more complex and sophisticated, so do the threats we face. That is why every business and organisation needs to be prepared with cyber liability insurance. Find out how our Cyber Enterprise Risk Management Policy protects your business assets against the complexity of cyber threats.

Coverage Highlights

What it Covers

First Party

  • Incident Response – from an actual or suspected cyber event – often nil deductible
  • Business Interruption – loss of net profit and continuing operating expenses
  • Data and System Recovery – increased cost of work, data recovery costs, additional business interruption mitigation
  • Cyber Extortion – extortion payments and negotiation

Third Party

  • Privacy and Network Security Liability – liability following data breach or failure of network security:
    • PCI DSS contractual fines and penalties
    • Consumer redress fund
    • Regulatory fines and penalties (where legally insurable) – GDPR
  • Media Liability – liability following defamation or infringement online

Benefits

  • Contingent business interruption for outsourced technology providers
  • System failure triggers – human error, programming error, power failure
  • Standard extensions:
    • Emergency incident response expenses within 48 hours for SME and Middle Market insureds – nil deductible
    • Betterment costs – imrovement of software and applications
    • Cyber crime – direct financial loss following cyber theft
    • Reward expenses
    • Telecommunications fraud
  • Pay on behalf for incident response expenses
  • Flexible incident response providers
  • Rogue employee
  • Voluntary notification
  • Voluntary shutdown
  • By endorsement: Reputational Harm Extension, Social Engineering Fraud
  • Cyber terrorism
  • Worldwide coverage
Chubb’s Cyber Enterprise Risk Management in 90sec
[Video] Keep your business protected from cyber risks

Chubb’s Cyber Enterprise Risk Management solution provides you with the coverage and services needed to mitigate these cyber risks.

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Have a question or need more information?

Contact us to find out how we can help you get covered against potential risks