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Cyber insurance

Cyber insurance is insurance that protects companies and organizations against the financial consequences of cyber attacks and data breaches.

Just one wrong click and the door is open to cybercrime.

Cyber insurance - what is it?

Just one incident can cause serious financial and reputational damage. Cyber insurance supports you from the very first moment and offers comprehensive crisis management and support in rebuilding your IT infrastructure. Make your digital world crisis-proof.

Facts & Figures

0 % of reported cyberattacks are phishing and ransomware attacks

0 € in costs can be caused by cyberattacks per day

0 % of reported cyberattacks result from human error

Your advantages at a glance

Cyber insurance offers a digital shield against the invisible threats of the cyber world. It protects your company from the financial and legal consequences of hacker attacks, data leaks and cybercrime.

Protection against hacker attacks

Cover for damage caused by hackers

Protection in the event of a network interruption

Insurance in the event of IT system failure

Protection in the event of business interruption

Cover for loss of sales due to cyber attacks

Protection in the event of incidents involving customer information

Insurance against loss of customer data

FAQ on cyber insurance

We have summarized the most frequently asked questions about cyber insurance for you in our FAQ. Our experts will also be happy to provide you with individual advice.

Why is cyber insurance important?

In the digital world, companies are increasingly exposed to cyber risks. Cyber insurance provides financial protection and helps to manage the impact of cyber attacks by covering recovery costs, legal advice and compensation claims.

What losses are covered by cyber insurance?

Typically, cyber insurance covers the following losses:

First aid measures: Costs for IT forensics, crisis management and notification of affected customers
Business interruption: loss of revenue and additional operating costs due to IT outages
Cyber extortion: payments and costs in connection with extortion attempts (e.g. ransomware)
Liability: Costs for third-party claims for damages, e.g. due to data breaches
Legal costs: legal fees and court costs in connection with cyber incidents
Reputational damage: costs for PR measures to restore the company's image

What is not covered by cyber insurance?

As a rule, the following are not covered

Damage caused intentionally by employees
Damage caused by grossly negligent behavior
Contractual penalties and fines
Damage caused by known security vulnerabilities that have not been rectified

Are there different types of cyber insurance?

Yes, there are different types of cyber insurance tailored to the specific needs and risks of companies:

First-party insurance: covers direct financial losses of the policyholder, e.g. costs for IT forensics and business interruption
Third-party insurance: covers third-party liability claims, e.g. claims for damages from customers due to data breaches
Combined cyber insurance: covers both first-party and third-party damage

What are typical exclusion clauses in cyber insurance?

Damage caused by war, terrorism or political unrest
Damage caused by intentional or grossly negligent behavior
Damage due to already known security vulnerabilities
Contractual penalties and fines

Is there special cyber insurance for certain industries?

Yes, there are special cyber insurance policies tailored to the needs of specific industries, such as healthcare, financial services, retail and IT service providers.

How can I protect my company from cyber attacks?

Install regular security updates and patches
Use strong password policies and multi-factor authentication
Train and sensitize employees regularly
Create backups of important data and store them securely
Implement and regularly review IT security policies and procedures

Cyber

In today's digitally networked world, cyber threats are omnipresent. Our Cyber Competence Center offers you comprehensive services and solutions for the security of your IT infrastructure as part of a tailored ecosystem. Our aim is to ensure your digital security and offer you the best possible protection against cyber risks.