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Cyber Insurance
Actively shields from costs arising from cyber breaches.
Trusted by:
Policy Covers:
- Data breach notification costs to inform affected customers.
- Network damage repair and data recovery costs.
- Business interruption losses, covering income loss and operational expenses.
Trusted by:
Pay ₹38,000* per yearand get ₹1 Crore coverage
By clicking on "Continue", you agree to our Privacy Policy as well as our Terms of Use and Disclaimer
Cyber Insurance
Actively shields from costs arising from cyber breaches.
Pay ₹38,000* per yearand get ₹1 Crore coverage
By clicking on "Continue", you agree to our Privacy Policy as well as our Terms of Use and Disclaimer
Trusted by:
Policy Covers:
- Data breach notification costs to inform affected customers.
- Network damage repair and data recovery costs.
- Business interruption losses, covering income loss and operational expenses.
Trusted by:
What is Cyber Insurance?
Cyber Insurance provides comprehensive coverage against a wide range of digital threats that businesses face. It includes protection against data breaches, cyber-attacks, and other cyber-related incidents. This insurance covers the costs of legal defense, notification and response expenses, and liabilities arising from cyber incidents.
Who needs Cyber Insurance cover?
Annual Turnover
₹0 Cr-₹500 Cr
Annual Turnover
₹0 Cr-₹100 Cr
Annual Turnover
₹0 Cr-₹100 Cr
Annual Turnover
₹0 Cr-₹50 Cr
Annual Turnover
₹0 Cr-₹500 Cr
Annual Turnover
₹0 Cr-₹200 Cr
Annual Turnover
₹0 Cr-₹500 Cr
Annual Turnover
₹0 Cr-₹100 Cr
Annual Turnover
₹0 Cr-₹100 Cr
Annual Turnover
₹0 Cr-₹50 Cr
Annual Turnover
₹0 Cr-₹500 Cr
Annual Turnover
₹0 Cr-₹200 Cr
Annual Turnover
₹0 Cr-₹500 Cr
Annual Turnover
₹0 Cr-₹100 Cr
Annual Turnover
₹0 Cr-₹100 Cr
Annual Turnover
₹0 Cr-₹50 Cr
Annual Turnover
₹0 Cr-₹500 Cr
Annual Turnover
₹0 Cr-₹200 Cr
Annual Turnover
₹0 Cr-₹500 Cr
Annual Turnover
₹0 Cr-₹100 Cr
Annual Turnover
₹0 Cr-₹100 Cr
Annual Turnover
₹0 Cr-₹50 Cr
Annual Turnover
₹0 Cr-₹500 Cr
Annual Turnover
₹0 Cr-₹200 Cr
Annual Turnover
₹0 Cr-₹500 Cr
Annual Turnover
₹0 Cr-₹100 Cr
Annual Turnover
₹0 Cr-₹100 Cr
Annual Turnover
₹0 Cr-₹50 Cr
Annual Turnover
₹0 Cr-₹500 Cr
Annual Turnover
₹0 Cr-₹200 Cr
Annual Turnover
₹0 Cr-₹500 Cr
Annual Turnover
₹0 Cr-₹100 Cr
Annual Turnover
₹0 Cr-₹100 Cr
Annual Turnover
₹0 Cr-₹50 Cr
Annual Turnover
₹0 Cr-₹500 Cr
Annual Turnover
₹0 Cr-₹200 Cr
Why do you need Cyber Insurance?
Why do you need Cyber Insurance?
Financial Protection
Ensures your business can handle expensive legal fees.
Business Continuity
Ensures operations can continue smoothly despite cyber incidents and disruptions.
Reputation Management
Helps manage public relations and maintain trust with customers and stakeholders.
Legal Support
Provides assistance with legal liabilities arising from cyber incidents and breaches.
Enhances Business Credibility
Helps increase business credibility as it covers third-parties such as you clients in the event of a cyber attack.
Why choose BimaKavach to protect your business?
The Power of Underwriting
Your Policy is built for your unique needs.
Best Price for Complete Coverages
You get the best price for your coverage.
24*7
Claims Support
All concerns will be addressed without delay.
Online Platform to Manage Your Bima
Your policy can be managed from anywhere.
Dedicated
Bima Expert
You get access to IRDAI-Certified Bima Experts.
Who’s this for?
What does Cyber Insurance cover and exclude?
Coverages
Legal Representation Costs
Covers legal defense costs, including hiring lawyers for court appearances, negotiations with regulators, and any settlements or judgments arising from cyber incidents.
Malware Attack
Cyber insurance can help businesses recover from a malware attack by covering the costs of restoring affected systems and defending against potential lawsuits from impacted parties.
Identity Theft
This coverage safeguards your finances in case of identity theft. It reimburses you for legal fees, settlements, and any costs associated with pursuing claims against the responsible party, along with other theft-related expenses.
Cyber Intrusion Losses
This coverage safeguards your business from financial losses if a cyberattack leads to fraudulent payments being sent to unauthorized third parties.
Cyberstalking
This coverage safeguards businesses from cyberstalking and harassment, including the costs of legal defense if a lawsuit arises.
Cyber Extortion
This coverage shields businesses from cyber extortion attempts, including those delivered electronically through email or the internet.
Data Breach or Privacy
This coverage helps businesses defend themselves against legal claims arising from data breaches or privacy violations.
Computer Forensics
In the event of a data breach, this coverage finances the hiring of computer forensics experts to investigate, mitigate damage, and prevent future security incidents.
Reputational Damage
This coverage helps you manage the reputational fallout from a data breach by providing resources for public relations experts and covering the cost of brand reputation restoration efforts for a defined period after the incident.
Third-party Liability
Covers legal costs and damages for conduit liability, impaired access, reputational harm, and related offenses resulting from cyber activities.
Exclusions
Email Spoofing and Phishing
Certain cyber insurance policies might exclude coverage for specific social engineering attacks, like email spoofing and phishing, which are typically covered by commercial crime insurance policies.
Physical Injury, Disease, Disability, Sickness, or Death
A cyber insurance policy excludes claims for physical injury, disease, disability, or death but covers mental injury resulting from breaches of data protection laws by the company.
Incidents/Litigations Prior to Policy Commencement
Claims from incidents before policy start aren't covered: cyberstalking, IT theft, malware, phishing, email spoofing, extortion, privacy breaches, and third-party data breaches.
Losses or Damages Caused by War or Government Actions
This policy excludes coverage for events resulting from acts of war, such as invasion, military action, or civil unrest. Additionally, it doesn't cover government seizures of property or damages caused by authorities.
Dishonest or Improper Conduct
Claims arising from intentional non-compliance with rulings, fraudulent acts by the policyholder, or criminal breaches of law by employees, outsourcers, or partners are not covered.
Contractual Liability
Claims involving incentives offered by the policyholder to customers, such as rebates, price reductions, credits, promotions, awards, or other incentives, are not covered.
Inadequate security measures
Failure to implement adequate data security measures nullifies coverage for related costs under the cyber insurance policy.
Employee oversight
Cyber insurance policy often exclude coverage for incidents caused by employee negligence or human error.
Internal attacks
This policy excludes coverage for cyber incidents caused by employee mistakes or malicious actions.
Advancements in technology
Cyber insurance reimburses you for costs associated with responding to the attack, but doesn't cover system improvements or unrelated expenses.
Previously identified security flaws
Cyber insurance won't cover losses due to security flaws the company already knew about.
Legal Representation Costs
Covers legal defense costs, including hiring lawyers for court appearances, negotiations with regulators, and any settlements or judgments arising from cyber incidents.
Malware Attack
Cyber insurance can help businesses recover from a malware attack by covering the costs of restoring affected systems and defending against potential lawsuits from impacted parties.
Identity Theft
This coverage safeguards your finances in case of identity theft. It reimburses you for legal fees, settlements, and any costs associated with pursuing claims against the responsible party, along with other theft-related expenses.
Cyber Intrusion Losses
This coverage safeguards your business from financial losses if a cyberattack leads to fraudulent payments being sent to unauthorized third parties.
Cyberstalking
This coverage safeguards businesses from cyberstalking and harassment, including the costs of legal defense if a lawsuit arises.
Cyber Extortion
This coverage shields businesses from cyber extortion attempts, including those delivered electronically through email or the internet.
Data Breach or Privacy
This coverage helps businesses defend themselves against legal claims arising from data breaches or privacy violations.
Computer Forensics
In the event of a data breach, this coverage finances the hiring of computer forensics experts to investigate, mitigate damage, and prevent future security incidents.
Reputational Damage
This coverage helps you manage the reputational fallout from a data breach by providing resources for public relations experts and covering the cost of brand reputation restoration efforts for a defined period after the incident.
Third-party Liability
Covers legal costs and damages for conduit liability, impaired access, reputational harm, and related offenses resulting from cyber activities.
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When can I Claim?
A claim under Cyber Insurance can be registered in the below circumstances:
- Unauthorized access or disclosure of sensitive information
- Demands for ransomware payment or threats to release sensitive data
- Physical or virtual damage to computer systems from cyber events
- Costs associated with lawsuits and regulatory fines stemming from cyber incidents
Claim what’s yours with BimaKavach
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