Specialism · cyber

Cyber insurance: when the systems stop, so does the business.

Incident response, business interruption, cyber extortion and data liability — in a standalone policy.

Cyber insurance covers incident response costs (IT forensics, lawyers, communications), loss from business interruption, cyber extortion and liability to third parties for leaked data. A cyber clause on a property policy usually does not cover these risks.

What it covers

  • 24/7 incident response
  • Restoration of data and systems
  • Business interruption
  • Cyber extortion
  • Data liability and notification

Who it is for

  • Companies selling online
  • Companies that hold personal data
  • Manufacturers with automated lines
  • Companies that rely on ERP and cloud services

What we need for a quote

  1. Turnover and activities
  2. Security measures (MFA, backups, EDR)
  3. Critical systems and suppliers
  4. Incident history

Check

Seven questions about your cyber policy.

01Do you have a standalone cyber policy rather than a clause in the property policy?
02Does it cover business interruption after a cyber incident?
03Is a 24/7 hotline and incident response team included?
04Does it cover the cost of notifying affected people?
05Is cyber extortion covered?
06Does it cover third-party claims for leaked or stolen data?
07Has the limit been reviewed in the last 12 months?
Result · 0 of 70 potential gaps Answer the questions. Every “no” or “don't know” is a potential gap in cover. Discuss the gaps with a broker

Questions and answers

Doesn’t the property policy cover cyber losses?

Usually not — cyber events are excluded or covered with very low sublimits. A standalone policy is needed.

Is cyber insurance compulsory?

Not by law. Cybersecurity requirements (for example under NIS2) do not require insurance, but a policy covers the financial consequences of an incident.

What measures do insurers require?

Most often: multi-factor authentication, offline backups, timely updates and endpoint protection.

Next step

Request a quote

Briefly describe your business and what you would like to insure. A broker will contact you within one working day.

Address
46 Akad. Stefan Mladenov St., office 13A, floor 6, section A, Sofia
Opening hours
Mon – Fri, 9:00 – 17:00

Quotes are free and with no obligation.

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