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Smarter Cyber Insurance

cyber event protection

Cyber Event Protection is a cyber insurance product tailored to protect Small to Medium Businesses against the financial, operational, and reputational risks of cyber incidents.

Smarter cyber insurance for SMEs

Our flagship cyber insurance product Cyber Event Protection is designed to deliver financial protection and fast recovery when cyber events occur, but also helps to reduce the likelihood of incidents and strengthen resilience.

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Cyber events

If a cyber event or system failure happens at or within a policyholder’s business, the policy is triggered. Cyber events include:

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Ransomware / cyber extortion

Attacks or threatened attacks against IT, coupled with ransom demands.

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Hacking

Malicious or unauthorised IT access to IT.

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Crimeware

Malware designed to cause harm to IT.

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Miscellaneous errors

Unintentional actions directly compromising security attributes of information assets.

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Insider and privilege misuse

Unapproved or malicious use of organisations’ IT by insiders or external misuse through collision.

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Physical theft and loss

Information assets going missing, through misplacement or malice.

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Point of sale intrusion

Remote attack against IT where retail transactions are conducted.

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Privacy error

Acts or omissions that lead to unauthorised disclosure of data including non-electronic data.

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Web app attacks

Where a web application was the target of attack against IT.

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Cyber espionage

Unauthorised network or system access linked to state affiliated or criminal sources.

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Denial of service

Uniquely intended to compromise the availability of IT. This includes a distributed denial of service.

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Payment card skimming

Involving a skimming device being physically implanted through tampering into an item of IT that reads data from a payment card.

Industries

Cyber risk is part of everyday business. Businesses of all sizes rely on technology and digital systems to operate, communicate, and store information. Cyber insurance helps protect businesses across many industries from the financial and operational impacts of cyber events.

Cover

CEP-005 provides cover for first-party and third-party costs if there is a cyber event at or within an insureds business.

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Cyber event response costs
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Cyber event response costs
  • IT forensics
  • Virus extraction
  • Customer notification costs
  • Public relations costs
  • Legal costs
  • Data securing costs
  • Data restoration costs
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Losses to your business
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Losses to your business
  • Loss of revenue
  • Increased costs of working
  • Preventative shutdown
  • System failure
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Loss to others
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Loss to others
  • Third-party litigation
  • Regulatory investigations
  • Fines and penalties
  • Payment Card Industry liability
  • Defence costs
  • Multimedia

Coverage features

Our policies are written using clear, plain language, shorter wordings, and broad application. Some of the key highlights are explained below for easy reference.

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Incident response outside of policy limit

Emergence Incident Response Services, whether addressing a suspected or confirmed breach, do not erode the policy limit or incur additional costs for the insured. Our in-house experts are available 24/7/365.

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12-month indemnity for business interruption

Up to 365 days’ cover for business interruption and reputational harm, commencing once an event is discovered—even without downtime—and continuing for an indemnity period up to 365 days. 

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Each incident limit

The full policy limit automatically resets for each separate, unrelated incident during the policy period at no extra cost to the policyholder.

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Real-time risk management

Dark web monitoring and vulnerability scanning notify insureds of threats in real time, enabling risk mitigation before an attack.

Smarter cyber services

The following services are available to CEP-005.1 policyholders at no extra cost.

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Dark web monitoring

Using Dark Web Monitoring tools, our threat intelligence team identifies if an insured businesses data is shared on the dark web. If detected, we notify so appropriate action can be taken.

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vCISO Trusted Advisor

Bespoke advice and resources provided by cyber and privacy experts to assist business managers in understanding and reducing their cyber risks.

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Real-time Cyber Threat Notification

Real-time monitoring of cyber threat intelligence sources to provide businesses with early notifications of detected exploitable vulnerabilities.

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Incident Response Template

In case of a cyber incident, every second counts. We provide a guide to developing a tailored Incident Response Plan (IRP) tailored to an organisation.

Smarter incident response

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Cyber Event Protection policyholders have access to a 24/7/365 Cyber Incident Response Hotline. When an incident occurs, every minute counts. Our in-house team ensure rapid containment and recovery - without eroding policy limits.

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