Cyber Insurance

After a cyber-attack, organisations need a range of services to get their business back on track. CyberEdge®’s Event Management pays for Legal, IT, PR services, Credit and ID Monitoring in addition to Data Restoration and Breach Notification costs. When an event occurs, having the correct expertise on hand can result in dramatically improved outcomes – especially when underpinned by First Response.

Our Security and Privacy Liability module responds to third-party liabilities resulting from breaches of confidential information, security failure, failure to notify the regulator and breaches of PCI compliance. This is more important than ever in the wake of the GDPR.

It includes defence costs and insurable fines in relation to any regulator of Data Protection legislation – from the ICO to its equivalent across worldwide jurisdictions.

Ransomware is an increasingly prevalent cyber threat facing businesses. CyberEdge® covers an extensive range of specialist services to combat the use of ransomware for cyber extortion – from conducting investigations to validating a threat to containment, negotiations and payments.

Network Interruption provides coverage for the loss of income, mitigation expenses and forensic accountant costs associated with containing a cyber incident that interrupts business operations. This coverage extends to various cyber risks, including cyber-security breaches, system failures and voluntary shutdowns. 

This module can be extended to include losses from security breaches or system failures at Outsourced Service Providers, like cloud providers or payment processors. Coverage starts from the moment the qualifying event occurs after the waiting period, offering protection from "hour zero," subject to any retention.

In today’s digital environment, it’s easier than ever to inadvertently infringe on trademarks, misappropriate creative material, or inadequately check facts. Our Digital Media coverage addresses these risks by protecting the cost of damages and defence related to breaches of third-party intellectual property or negligence of electronic content.