Corporate Cyber Insurance

Pays agreed amount for all Damages, Defence Costs, and Response Costs for Privacy or Data Breach Claims first made or discovered during the Period of Insurance or Discovery Period

Pays agreed amount in case of all Damages and Defence Costs from Claims first made during the Period of Insurance or Discovery Period for a Security Wrongful Act

Pays agreed amount in case of all Damages and Defence Costs from Claims first made during the Period of Insurance or Discovery Period for a Media Wrongful Act

"Pays agreed amount in case of all Fines, Penalties, and Defence Costs from Claims by a Regulator first made during the Period of Insurance or Discovery Period for a Data Breach or Privacy Breach

"Pays agreed amount in case of all Damages, Contractual Penalties, and Defence Costs from Claims by an E-Payment Service Provider first made during the Period of Insurance or Discovery Period for a negligent breach of PCI DSS compliance

Pays agreed amount in case of Business Interruption Loss and Restoration Costs due to a Business Interruption Event first discovered during the Period of Insurance

Pays agreed amount in case of IT Theft Loss sustained as a direct result of IT-Theft first discovered during the Period of Insurance

Pays agreed amount in case of Cyber Extortion Loss incurred due to a Cyber Extortion Threat first discovered during the Period of Insurance, with conditions for confidentiality, law enforcement notification, and mitigation efforts

Pays agreed amount in case of Public Relation Expenses to prevent or reduce negative publicity from an event covered under this Policy

Pays agreed amount in case of Consultant Costs incurred to prove and mitigate a covered Loss, or investigate a suspected Privacy Breach, Cyber Attack, or Business Interruption Event and its causes

Please read policy wording for detailed inclusions

Excludes claims from deliberate, criminal, fraudulent, or malicious acts, intentional violation of duties, or intentional business interruption by key executives. Defence Costs are advanced until a final decision or written admission proves such behavior, after which repayment is required

Excludes claims for bodily injury, sickness, mental anguish, emotional distress, disease, death, or damage to tangible property, except for mental anguish from a Privacy Breach or Media Wrongful Act, and loss or theft of the Company’s Computer Systems

"Excludes liability under any contract, agreement, guarantee, or warranty unless such liability would have attached in the absence of the contract

Excludes claims, data breaches, privacy breaches, cyber extortion threats, wrongful acts, or any related circumstances notified to prior policies or known before the insurance period

Excludes claims of actual or alleged plagiarism or infringement of trade secrets, patents, trademarks, trade names, copyrights, licenses, or any other form of intellectual property

War, Terrorism, looting and Governmental Acts.

Excludes losses or liabilities connected with purchase or sale transactions or dealings in securities, commodities, derivatives, Federal funds, currencies, foreign exchange, and similar activities

Excludes claims for unlawful or unauthorized collection of personal data or Client Information, except when collected by employees without directors' or officers' knowledge or approval

Excludes claims for actual or alleged licensing fees or royalty payments, including any obligation to pay such fees or royalties

Excludes claims for actual or alleged antitrust violations, restraints of trade, or unfair competition

"Excludes claims for distribution of unsolicited correspondence or communications, wire tapping, audio or video recordings, or telephone marketing

Please read policy wording for detailed exclusions

Pays agreed amount in case the Policy is not renewed or replaced, granting a 60-day Discovery Period, extendable upon written request and additional premium payment within 60 days of expiry

Pays agreed amount in case of retroactive approval for reasonable Defence, Response, Restoration, or Consultant Costs when prior written consent isn't possible

Please read policy wording for detailed extenions.