Key Sections of Cover
Cyber insurance policies typically include the following:
First Party Losses
Covers direct costs your business suffers from a cyber event:
- Incident response costs – forensic investigations, breach notifications, credit monitoring
- Business interruption – lost revenue due to systems being down
- Cyber extortion – ransom payments and response costs
- Data restoration – recovering or re-creating lost digital assets
- Theft of funds – cover for certain types of fraudulent electronic transfers
- Reputational repair – public relations and crisis communication support
Optional Extensions
Tailor your policy with cover relevant to your business operations:
- Social engineering fraud – protection against fraudulent payment redirection (BEC scams)
- Bricking cover – for devices rendered unusable by malware
- PCI DSS fines & penalties – for businesses handling card payment data
- Reputational harm extension – income loss due to ongoing reputational fallout
