Cyber Security Risk
A Cyber Insurance policy, 'Cyber risk' to cover any risk of financial loss, disruption or damage to the reputation of an organization from some sort of failure of its information technology systems.
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Extensions:
Physical loss or Damage
Liability to Third parties
Data restoration costs
Loss of revenue
Customer notification and credit monitoring services
Regulatory defense costs including fines and penalties
Cyber extortion costs (ransoms)
Reputation management costs
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Pre-requirement:
Broker of Record
Commercial Registration
Wassel /National Address
VAT Certificate
3 years claims experience
A declaration letter if first time insurance
Proposal Form