Liability InsuranceCommercial Cyber Risk
Commercial Cyber Risk
Liability InsuranceCommercial Cyber Risk
Table of Contents
Cyber Risk InsuranceNeed More Info? Get on a call with us.
Cyber Risk Insurance
A cyber insurance policy, also referred to as cyber risk insurance or cyber liability insurance coverage (CLIC), is designed to help an organization mitigate risk exposure by offsetting costs involved with recovery after a cyber-related security breach or similar event. Cyber insurance typically covers expenses related to first parties as well as claims by third parties.
Key Benefits
- Data Breach Coverage.
- Business Interruption Loss Reimbursement
- Cyber Extortion Defense
- Forensic Support
- Legal Support
- Coverage Beyond a General Liability Policy
Coverages
- Data breach and privacy management:
The insurance company covers the costs associated with the management of an incident related to cyber-crime. The covered expenses here include the cost of:
- Investigation
- Data subject notification
- Call management
- Remediation
- Credit checking for data subjects
- Legal costs
- Court attendance and regulatory fines
- Multimedia and media liability cover:
This insurance covers the third-party damages including specific defacement of website and intellectual property rights infringement.
- Extortion liability cover:
The cyber insurance policy also covers the losses due to a threat of extortion and the professional fees related to dealing with the extortion.
- Network Security liability:
This may include the third-party damages as a result of the denial of access, costs related to the theft of data on third-party systems etc.
In some cases, some of the cyber liability covers may overlap with other policies like professional indemnity, but a decent cyber insurance policy always ensures that the cyber risks are adequately catered for.
Exclusions
- Dishonest or improper conduct of the insured which led to the claim
- Physical injury caused due to cyber attack
- Property damage caused by cyber attack
- Unsolicited communications by the policy holder
- Mechanical failure, standard depreciation, electrical disturbance and media failure or malfunction
Why Choose PrishaPolicy
5 Reasons why you should choose us to be your policy issuing partner of choice. Allow us to tell you why we are one of the fastest growing insurance brokers.
Customer-Centric Culture
For us, you always come first. Our products and services are designed to find the best coverage for all.
A Decade of Market Leadership
Our teams expertise and experience makes them the perfect guides in choosing a policy that fits your needs.
Reliable and Consistent
Rest assured that everything will be taken care of without a glitch. From shortlisting to claims processing & delivering promises without a hitch.
Guided Policy Assistance
Our experts are forever ready to assist you through each policy detail with a fine-tooth comb.
Claims Assistance
Our DNA prompts - Sales is incomplete without timely support. From start to end, we facilitate smooth processing from lodging to settlement.
Still Thinking About It?
Get on a call with us. We take pride in being associated with you for competitively managing your risks with the best insurance covers and delivering a stress-free experience.