What does a cyber insurance policy include?
A cyber insurance policy usually covers the losses mentioned below:
Financial damage incurred from a fake email attack
Losses incurred from Phishing attacks
Costs of malware-related data restoration
Costs of prosecuting the cyber attackers or hackers
Security of Bank account, debit and credit cards, or mobile wallets of the insured
Cyber Insurance for Corporates
Most companies tend to purchase general professional liability insurance policy to protect against malpractice or negligence in services provided to their customers. We know full well that something as meagre as a stolen laptop, a weak or predictable password or a phishing email can lead to massive data breaches and pose severe threats to your business.
Here are a few reasons why Corporates must invest in cyber insurance:
High cost of dealing with data breaches
Increase in the number of Cyber incidents
Protection against any loopholes in the recent technological advancements
Risk management concerning cyberattacks via high-tech apps and freely available software on the web
Suppose you understand the impact of data breaches and the high costs. In that case, you must purchase cyber insurance for your organization to protect it from potential cyber threats. Corporate Cyber insurance policy helps you safeguard your business from such risks.
A security breach or identity theft can bring a considerable recovery cost to your organization. It is wise to invest in a cyber insurance policy that will help you shield your company against probable cyber attacks and their aftermath.
Cyber insurance policies may vary from one provider to another, being a relatively new sector and market. Therefore, you must choose a policy to ensure it contains the protection elements your business requires.
- Corporate Cyber
- Product Code: 4056
- Product UIN: IRDAN115CP0001V01202021