Cyber Insurance
Protect your digital business
Cyber insurance is a complement to the general liability contract between a company and an insurance company with the purpose of providing financial protection against a variety of risks with technology and digital information. It is essential to protect the entrepreneur by mitigating the financial and operational consequences of cyber-attacks, data breaches and other related events.
The main coverages include:
Security breaches
- Covers costs associated with responding to security incidents, including notification to affected parties and necessary investigations.
Damage to digital property
- Protects against losses arising from damage to systems and data, as well as restoration costs.
Data liability
- Provides protection against claims from third parties for damages resulting from the loss or exposure of personal data. This includes compensation and legal expenses associated with lawsuits for violation of privacy.
Business interruption
- Provides coverage for lost revenue and additional expenses resulting from an operational interruption caused by a cyber incident.
Additional Considerations:
Risk assessment
- Companies should conduct a thorough assessment of their cyber vulnerabilities to properly customize their insurance policy.
Regulatory compliance
- Some industries may have specific cyber coverage requirements, so it is important to ensure compliance with these regulations.
*It is important to keep in mind that the terms and conditions of the insurance companies may vary for each coverage. Therefore, it is essential to review carefully to fully understand the extension and any exclusions that may apply.
