Cyber, cyber-risk, cyber ransoms, cyber-attack, cyber insurance, Data Breach, Reputational damages, Spain, Spanish company, digital, fraud, hackers, Cyber extortion, Zurich, broker, insurance agent, cyber-risk insurance agent,
Cyber, cyber-risk, cyber ransoms, cyber-attack, cyber insurance, Data Breach, Reputational damages, Spain, Spanish company, digital, fraud, hackers, Cyber extortion, Zurich, broker, insurance agent, cyber-risk insurance agent,

Cyber Security and Privacy Liability Insurance

A convenient, single solution to help protect your business against cyber risks

For most organizations, a serious and potentially damaging cyber-attack is more a matter of ‘when’, not ‘if’. As the digital and physical worlds merge, cyber risks are undergoing fundamental changes that affect all stakeholders in different ways.

 Our Zurich Cyber Security and Privacy Liability Insurance can help you protect against the risks of a serious data breach. The program brings together features often attached to other commercial policies as coverage extensions by endorsement

 

 

Key coverages and benefits

 

Liability coverages

• Security and Privacy Liability

• Regulatory proceedings defence costs

• Civil fines and penalties associated with Payment and General Data Protection Regulation (GDPR)

• Internet media liability

Non-liability coverages

• Privacy breach costs, including:

– Forensic investigation expenses

– Legal and public relations expenses

– Credit and identity monitoring costs

– Identity restoration and identity theft insurance costs

– Call center costs

• Business income loss, dependent business income loss (i.e., loss insured incurs due to a vendor’s network

security event) and extra expense

• Digital asset replacement expense

• Cyber extortion threats and reward payments

• System failure and dependent system failure

• Reputational damages

• Social engineering funds transfer

• Claims mitigation costs

Additional policy highlights

• Coverage limits available up to USD25 million

• Business interruption coverage is triggered if a breach requires a voluntary shutdown of operations or a regulator ordered shutdown

• System failure and administrative errors can also trigger coverage

• Affirmative coverage for wrongful data collection

• Affirmative European General Data Protection Regulation (GDPR) coverage availability

• Definition of insured person extended to include temporary employees, volunteers or interns

• Definition of extra expenses amended to include forensic expenses

Security against the growing threat of costly cyberattacks

Solutions programmed to respond to an evolving risk environment

Simplicity in protecting against risk with one convenient program

Our Cyber-Risk Insurance Expert

In our agency TVT Seguros (insurance), Susana Wichels, Phd, is a specialist in digital and cyber insurance. With a doctor in New Technologies,  Master in Insurance and 11 years of experience, she is the expert you need to clear all your doubts and questions about cyber-risks. Contact us today!