cyber liability insurance
Our Cyber liability insurance product is available, on a non-referral basis only, as a standalone policy designed to insure your SME clients where they have been the victim of a breach or attack on their computer network or infrastructure or suffer a financial loss as a result of a network compromise, including extortion demands.
product overview
- Statement of fact based product – no need for proposal form
- Companies with up to €10,000,000 turnover
- Limit of indemnity up to €1,000,000
- Aggregate policy limits
- Defence costs included in the limit
- Premiums from €250 plus levy
- Minimum excess €1,000
- Business interruption excess 6 hours
- Eligible industries are the same as for our PI products
- Companies holding less than 10,000 personal data records
- Commission 25%
- 24 hour crisis management and incident response hotline
coverage highlights
- Multimedia internet liability
- Privacy and security breach liability
- Failure to protect personal data
- Violation of law regarding use of personal data
- Violation of a data breach reporting requirement
- Failure to prevent a network compromise
- Privacy notification and crisis management costs
- Emergency response costs
- Extortion demands following an actual breach or credible threat
- Business interruption
- Loss of profit
- Regulatory investigation defence costs
- Loss of electronic data
- Network compromise/denial of access caused by:
- Malware
- Viruses
- Worms
- Trojan horses
- Spyware
- Zero-day attacks
- Hacker attacks
- Denial of Service attacks
- Operational expenses – cost of renting equipment to mitigate a loss