Cyber Insurance

Active protection against
cyber-attacks and IT failures

Companies of all sizes have become increasingly reliant on technology to run their day-to-day operations in today's digital world. While technological advancements have increased productivity, the more sophisticated and high-tech automation becomes, the more threats each company faces.

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a great collaboration.

    Contact us today!

    and lets start
    a great collaboration.

      Protect your company from cyber threats and liability claims

      Companies of all sizes have become increasingly reliant on technology to run their day-to-day operations in today’s digital world. While technological advancements have increased productivity, the more sophisticated and high-tech automation becomes, the more threats each company faces.

      Many processes in your company are automated or have digital interfaces. Your customer database contains sensitive information, and your employees use the Internet and other technologies on a daily basis. As a result, cyber risks such as hacker attacks and the resulting data loss or misuse pose a significant risk to you. A cyber incident can halt all operations and cause long-term damage to your company’s reputation. Preventive measures, as well as the ability to respond professionally and quickly in a crisis, are thus critical for your company’s survival.

      Cyber insurance protects your computer systems and data from damage caused by electronic threats.

      Get cyber insurance for your company

      We serve a wide range of business types and sizes. We will customize your Cyber Insurance quote to meet your specific requirements.

      What is Cyber Insurance?

      Cyber insurance is a type of coverage designed to protect your company from digital-age threats such as data breaches or malicious cyber hacks on work computer systems.

      A company is responsible for its own cyber security, but having the right insurance will ensure that you are not alone in the event of a cyber-attack. Cyber insurance will provide critical assistance in keeping your company afloat.

      What does Cyber Insurance cover?

      We use a modular system for cyber coverage because it has proven to be the most effective. You can customize your insurance coverage based on your specific needs and activities. Individual coverages can be classified into three categories.

      The explanations that follow provide an overview and are only a sample of the possible insurance coverage

      Personal damage

      • Costs of data recovery and system reconstruction
      • Protection and assumption of costs in the event of business interruption due to the failure of IT systems as a result of a cyber incident
      • Extensive cost declaration, for example for notifying those affected or official reporting procedures

      Third party damage

      • Compensation for justified and defense against unjustified claims
      • Claims for damages from customers due to data misuse and / or delay in delivery
      • Insurance protection for claims by third parties in connection with cyber damage
      • Data protection violations according to GDPR

      Assistance

      • Immediate help 24/7
      • IT forensics experts for analysis, preservation of evidence and damage limitation
      • Lawyers for IT and data protection law to fulfill information obligations
      • PR specialists for crisis communication to contain the damage to image
      • Assumption of costs for service providers

      What are common cybercrimes?

      Unfortunately, even the most tech-savvy people can become victims of cybercrime. While there are many different types of criminal activity that take place online, there are a few common cybercrimes to be aware of:

      Malware

      A type of malicious software that can infiltrate your systems through phishing scams and software vulnerabilities. Once installed, the attacker has the ability to spy on online activities and steal private information.

      Ransomware

      This is a type of malware that infects your computer and encrypts data. In exchange for the data’s return, the attacker will demand a ransom payment. As a precaution, you should create a data recovery plan and keep at least one backup of your data.

      Hacking

      The term “cyber hacking” refers to the partial or complete acquisition of a computer system or specific functions within it. There are various methods for doing so, but the goal is generally to gain access to important data.

      Who needs Cyber Insurance?

      If your company uses, sends, or stores electronic data, you may benefit from cyber insurance. That data, whether it belongs to the company or is sensitive customer information, is vulnerable to cyber-attacks and data breaches. Cyber insurance can help with recovery costs.

      This is why cyber insurance is an important component of small business insurance, as it provides financial assistance if the worst happens.

      Why do you need Cyber Insurance now more than ever?

      Because of the coronavirus pandemic, millions of employees have been required to work remotely for extended periods of time, many for the first time. And each of those new network connections represents a potential entry point for cyber criminals looking to infect your network with ransomware or steal your data. And the danger is increasing by the day.

      Our clients about us

      „A partnership based on responsiveness and support for security issues. we-IT GmbH offers high-quality cyber security services, as well as quick response times and incident support.
      It is the partner on whom you can rely to protect your platform, allowing you to focus on business development.
      I wholeheartedly endorse their services.”“
      Peter R.
      Finance (250 Employees)

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      practical benefits that our services
      have to offer to your business,
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      Our products are developed according to the
      highest quality standards in the cloud computing industry,
      and we are here to help you to make use of
      our advanced innovation systems.

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      a great collaboration.

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