Insured are justified liability claims, depending on the scope of the contract, which have arisen from the misuse of your stolen data. The insurance company pays compensation up to the amount of damage incurred, in case that the obligation to pay compensation has been detected. The maximum payment is the contractually regulated coverage amount. In the contract, individual risks can be regulated with separate coverage amounts. In addition, own damage can also be part of the insurance cover. We are happy to advise you.
Essentially, a cyber-risk insurance, depending on the insurer, comprises the following components:
• IT forensics costs
• Legal advice
• Information costs
• Credit monitoring services
• Costs for crisis management
• Cost of PR consulting
• business interruption damage
• contractual penalties (PCI)
• Ransom payments
• Recovery costs
• Safety improvements