Cyber Risk Insurance

What Is Cyber Risk Insurance?

In today's digital world, cyberattacks are no longer a question of if, but when. From ransomware and data breaches to phishing and system hacks—cyber threats can cripple businesses of all sizes. Cyber Risk Insurance helps you recover financially and operationally from such attacks.

Cyber Risk Insurance (also known as Cyber Liability Insurance) provides financial protection against losses resulting from cyber incidents such as data breaches, hacking, identity theft, and business interruption. It’s designed to help businesses and individuals minimize the impact of digital threats in an increasingly connected world.

What’s Covered?

• Data Breach Liability: Covers legal expenses, compensation, and regulatory penalties if customer or employee data is compromised.
• Cyber Extortion & Ransomware: Covers ransom payments, negotiation support, and system restoration costs.
• Business Interruption Loss: Compensates for income loss due to downtime caused by cyberattacks.
• Digital Asset Restoration: Covers costs of restoring or recovering corrupted or lost data.
• Third-party Liability: Covers lawsuits filed by affected customers, vendors, or partners.
• Social Engineering & Phishing: Protection against financial losses from deceptive cyber tricks.
• Reputation Management: PR support and brand repair after a public cyber incident.

Who Needs Cyber Risk Insurance?

• IT & Tech Companies
• E-commerce Platforms
• Financial Service Providers
• Healthcare Providers
• MSMEs & Startups
• Anyone handling sensitive customer or financial data

Why Cyber Risk Insurance Is Critical

• Cyberattacks in India have surged over 400% in recent years
• The average cost of a data breach exceeds ₹4–5 crore
• Even small businesses are targets of ransomware and phishing
• Data privacy laws (like the DPDP Act) increase liability for breaches

Why Choose Us?

• Tailored Coverage: Plans customized to your industry and data risk
• Expert Cyber Risk Advisors: We help you assess and reduce exposure
• Trusted Insurers: Backed by top-rated Indian and global providers
• End-to-End Claim Support: From incident reporting to recovery
• Affordable Premiums: Comprehensive cover that fits your budget

Documents Required

• Company registration documents
• IT system and security details
• Previous claim history (if any)
• Nature of business and data handled

Add-on Covers Available

• Cyber Crime Cover for Individuals
• GDPR/DPDP Regulatory Compliance Liability
• Fraudulent Fund Transfer Protection
• Employee Negligence Extension
• Crisis Communication Services

Real-Life Scenarios

• A CA firm’s client data is stolen via a phishing email — covered.
• An e-commerce platform faces a customer data breach — covered.
• A startup’s systems are locked by ransomware — recovery and ransom covered.