Cyber Insurance offers comprehensive protection by covering damage or losses to first party and third party due to events like a system security breach, payment flaw, data fraud and other internet related risks.
The coverage of Cyber Insurance or Cyber Liability policy varies considerably as per industry risks. For instance, coverage for an E-commerce firm or a Financial Services firm will vary as they have more risk of cyber attack potentially causing loss. The Insurance we help you to select factors in the right risk level for you.
Cyber Insurance meets your contractual requirements. It is also recognised by international laws, investors, external agencies and multi-national organisations, hence it helps to protect your business internationally.
Getting Cyber Insurance or Cyber-Security Insurance is quick and easy. Also, the documentation process for buying the policy is simple. You just need to provide the basic information to get quotes from multiple insurers before buying.
Cyber Security Policy is known by many names- cyber risk insurance, cyber security insurance, cyber insurance policy or cyber liability insurance. It is an insurance plan that an organization should purchase to mitigate the financial risks arising out of first party & third-party losses caused due to internet related risks such as large-scale breach of data, business interruption, cyber-attacks and other cyber incidents.
It protects commercial businesses against losses arising out of risks associated with internet, information-technology, network and data processing. These risks include:
In today's digital world of net banking, social media and e-commerce, individual's personal data transfer and storage on various digital devices is growing at a significant rate. For companies having access to customers' personal data, one of the primary responsibilities is to keep the data secure. Cyber Security Insurance provides protection to the companies against the liabilities arising from cyber-attacks. It offers a comprehensive protection against first and/or third-party liabilities arising due to system security breaches, flaws in payment portals, data fraud and/or any other internet related risks. The importance of cyber risk insurance for businesses that run the risk of cyber-attacks is indescribable.
As a large developing country where IT BPM contributes to 8% of the GDP and the same industry generated a revenue of 51.1% in fiscal year 2021, followed by software products and engineering services with a share of 21.1%, it is important that we discuss cyber risks and cyber insurance.
India currently ranks as the sixth most data breached country since the first recorded digital attack in 2004, as revealed by the new report by cyber security company Surfshark. To be more specific, 18 out of every 100 Indians had their personal contact details breached. Giants such as Domino’s, Facebook, Mobikwik, Air India and Upstox faced major data breaches in India in 2021. This brings us to emphasize more on cyber insurance that’ll serve to save the business owners from potential internet related risks.
Primary features of Cyber Risk Insurance are mentioned below:
A cyber security insurance policy has a lot of benefits that cannot be emphasized more. If you are a business owner of someone who is in the business of data, get cyber risk insurance from us now.
Benefits of a Cyber Security Insurance in India are:
At SecureNow, we understand that no two businesses are alike and no two businesses will have the same requirement. We have designed a comprehensive platform that can show you quotes for a cyber security policy in India which will give you an idea of the premiums that will be charged based on the insurer, coverage and industry type. You just have to submit your basic details on the form above, choose your industry of operation and you’ll receive quotes from various insurers and the details will show the coverage offered. Since, we understand that buying cyber risk insurance in India needs a lot of scrutiny, we will get back to you within 24 hours to understand your requirements better and help you buy the best cyber policy your business needs.
Cyber Risk Insurance provides comprehensive coverage against first party and third-party losses. This insurance covers costs of:
Cyber Insurance Policy does not provide coverage for the below mentioned risks:
We have specialized underwriters and tie-ups with international experts.
We work with all insurers to get you the best options- both in terms of price and features.
Cover notes are issued within hours of request. This documentation is sufficient for any contractual requirement.
We manage all aspects of your claim - from preparing documentation to follow-up with the insurer.
We will advice you on risk management best practices.
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