Cyber Insurance

Main Covers

In today’s world, it’s hard to think of any business that isn’t reliant on technology, especially the internet—the digital super-connection that connects all devices. Invariably, this creates a cyber-risk whereby your private data and normal business functioning could come under attack by a cyber-criminal.

At GIG, we know that the solution involves prevention, employee education, and regular security and privacy checks of applications and connections. In case this isn’t enough to prevent a sophisticated attack, then you need experts ready to get your business back up and running and reduce any interruptions. That’s why our cover includes round-the-clock assistance in the case of a cyber-attack and provides cover for damages to hardware and financial loss, along with risk assessment and eligibility checks to inform you about the security level of your cyber set-up.

We help you and your company stay protected by covering your cyber liability, along with business interruption and material damage that arise from cyber-crimes.

Product Summary

CYBER LIABILITY 

• Business Interruption: Covers lost income due to a cyberattack that disrupts Your business operations
• Data recovery: Covers the costs of recovering Your lost or stolen data
• Network restoration: Covers the costs of repairing Your damaged systems and restoring network functionality
• Unintentional violation by the insured of any government or public authority legislation or regulation regarding privacy or data-protection
• Unauthorized access and/or use of insured’s IT assets by an external party resulting from a dishonest, fraudulent, malicious or criminal act
• Public relations: Covers the costs of public relations efforts to manage the Your reputation damage caused by a cyberattack
• Regulatory fines: Covers the costs of fines imposed by regulatory bodies for non-compliance with data privacy laws
• Notification costs: Covers the costs of notifying affected individuals of a data breach
• Incident Response costs