Cyber security insurance covers the financial losses your business could face from data breaches, cyber-attacks and ransomware.
Cyber security insurance covers the incident-response, notification, legal liability and business-interruption costs a business faces after a cyber-attack, data breach or ransomware incident, within the limits of the policy.
Any business, of any size, that handles customer data, sells online or relies on digital infrastructure needs cyber security insurance against the risk of an attack.
Yes — a large share of cyber-attacks target small and medium-sized businesses, which often have fewer security measures in place and so carry higher risk.
Some policy packages cover ransomware negotiation and payment processes within certain limits, depending on the coverage you choose.
Yes, the legally required customer notification and crisis communication costs are generally included in the policy.
Known vulnerabilities that were left unpatched, deliberate sabotage by employees, indirect losses such as reputational damage, and breaches that occurred before the policy started are generally excluded.
Your turnover, the volume of personal data you hold, your sector, the security infrastructure you have in place and the cover limit you request are the main factors that set the premium.
Isolate the affected systems from the network, preserve the logs rather than deleting them, and notify Aveon Insurance without delay. The incident response teams included in the policy engage in the first hours of the event.
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