"CYBER SMART" INSURANCE
Covers losses from:
- a breach in the company’s information security as a result of a cyberattack;
- forced interruption of the company’s business as a result of a cyberattack;
subsequent financial losses; - damage to reputation and lost profits from it;
- damages caused to third parties as a result of a breach in the company’s information security;
- many other risks that complement the extensive insurance coverage for your company.
Important advantages:
- When concluding an insurance policy, sub-limits are usually not applied and the compensation is paid until the limit of liability for a single event and in aggregate is exhausted;
- The insurance coverage is extensive and covers losses from many risks that would cause extraordinary expenses for the company;
- The territorial coverage of the insurance is worldwide.
Insurance coverage of “CYBER SMART” insurance
"Cyber Smart" is insurance developed for companies outside the IT industry
Insurance coverage includes:
- Insured’s Information Security Breach
Necessary and reasonable expenses incurred following an information security breach are covered to restore:
- the proper functioning of the information system;
- information stored on the information system;
- any other information, including personal documents;
- Regulatory finesand sanctions
- Damage to the Insured’s reputation
- Damage mitigation costs
- Business Interruption Directly caused by unauthorized access, computer virus infection, cyber attack such as denial of service (DoS) or operational error or resulting from cyber theft or cyber extortion
- Cyber extortion
- Cyber theft through unauthorized access to information
- Theft or counterfeiting of money or securities;
- Theft or loss of goods of the insured in connection with the supply or delivery of goods;
- Violation of card payment security
- Liability for media publications
- The insured’s liability is covered for:
- Defamation directed at an individual or a commercial company;
- Publication of false, negative information about product;
- Unintentional copyright infringement;
- Improper use of deep links or frames resulting from media publications of the insured;
- Liability to third parties in the event of a breach of the insured’s information security
- Costs of notifying third parties Necessary costs of the insured to notify third parties after disclosure of personal information about them are covered
- Violation of personal space and loss of documents
- Violation of confidentiality
"Cyber Smart" exceptions:
No cover is provided for loss or damage arising in whole or in part from:
- Bodily injury to the insured;
- Failure to comply with requirements relating to the security and privacy of minors and their personal data;
- Illegal, criminal or malicious acts of the insured;
- Bankruptcy of the insured or its subsidiary;
- Nuclear risks and/or radioactive contamination;
- Any liability resulting from environmental pollution;
- Violation of antitrust legislation by the insured;
- Commercial activity that is subject to economic or trade sanctions, prohibitions or restrictions;
Products and services
- Contact Address
Bulgaria, 1729 Sofia, Mladost 1A, block. 532, enter 2, floor 6, ap. 16
- +359 888 420972
- office (at) nikrama.bg
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