Cyber security insurance
As activities of the companies depend on the security of their IT systems and data, the rise in digital accidents highlights how crucial cyber security insurance has become. Insurance provides coverage against losses, including damage to equipment and data, as well as the expenses associated with their loss and recovery, losses due to the exposure of personal data during cyber-attacks.
Cyber security insurance
for business
Cyber security insurance covers:
- crisis management and malware removal costs;
- costs of restoring lost data and computer equipment;
- expenses incurred by third parties due to the loss and/or theft of third party;
- data stored by the company.
Why to choose ERGO insurance?
Crisis management
We will cover the costs of stopping and containing the cyber-attack and the unavoidable additional costs of professionally managing the crisis and mitigating or avoiding any potential losses.
Insurance coverage for corporate computer equipment
We will reimburse for the cost of cleaning your company’s computer system of malware and the cost of repairing and restoring your computer system.
Recovery of company data
We will cover the costs incurred by you to recover your company’s data lost in a cyber-attack.
Losses incurred by third parties
The insurance coverage covers losses incurred by you and third parties as a result of the loss of personal data, disclosure of personal data to third parties or theft of personal data as a result of a cyber-attack in your company.
What may be covered by cyber security insurance?
All insured events
In case of an unforeseen event, insurance will cover against the following risks:
- damage to the policyholder’s data due to a cyber attack;
- damage to the policyholder’s computer equipment due to a cyber attack;
- disclosure of personal data of third parties due to a cyber attack.
Corruption of the policyholder’s data due to a cyber attack
The insurance is valid against corruption of data in the policyholder’s computer systems caused directly by malicious computer actions or malware.
Damage to the policyholder’s computer equipment due to a cyber attack
The insurance is valid against damage to the policyholder’s computer systems directly caused directly by malicious computer actions or malware.
Disclosure of personal data of third parties due to a cyber attack
The insurance is valid against losses suffered by third parties due to damage to, disclosure or theft of their data as a result of a cyber attack in the policyholder’s computer systems.
What may be covered by cyber security insurance?
In case of an unforeseen event, insurance will cover against the following risks:
- damage to the policyholder’s data due to a cyber attack;
- damage to the policyholder’s computer equipment due to a cyber attack;
- disclosure of personal data of third parties due to a cyber attack.
The insurance is valid against corruption of data in the policyholder’s computer systems caused directly by malicious computer actions or malware.
The insurance is valid against damage to the policyholder’s computer systems directly caused directly by malicious computer actions or malware.
The insurance is valid against losses suffered by third parties due to damage to, disclosure or theft of their data as a result of a cyber attack in the policyholder’s computer systems.
20+
countries across the ERGO Group
1200
team members in the Baltics
640 000+
customers in the Baltics
90+
products
Frequently asked questions about cyber security insurance
ERGO cyber security insurance is an insurance coverage for companies against losses incurred by the company as a result of a cyber attack and against the company’s civil liability for loss, disclosure or theft of data of other persons stored in their systems. These losses include both the losses incurred by the company as a result of damage to equipment and its recovery from a cyber attack, the costs of damage to, loss and recovery of the company’s data, and the loss incurred by third parties as a result of loss, disclosure or theft of personal data during a cyber attack.
The insurance covers the following losses:
- data recovery costs;
- costs of malware removal from computers;
- crisis management costs;
- necessary expert costs;
- costs of repairing or restoring computer equipment;
- costs of restoring the access control system;
- reasonable losses to a third party as a result of a cyber attack and in connection with the policyholder’s third-party liability in connection with the theft of or disclosure to a third party of the personal data of third parties.
