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Cyber Insurance

Why choose Zurich for cyber insurance?

Zurich’s Cyber Insurance policies provide real solutions for the cyber risks customers face. Our comprehensive coverage solutions and dedicated cyber professionals help customers respond rapidly to the impacts of cyberattacks. We have the flexibility to write both primary and excess coverages.

Zurich’s Cyber Insurance policies provide real solutions for the cyber risks customers face. Our comprehensive coverage solutions and dedicated cyber professionals help customers respond rapidly to the impacts of cyberattacks.  We have the flexibility to write both primary and excess coverages.  Cyber risk is a global concern. The security event affecting your company today may have been launched hours, minutes, or days earlier from the other side of the world. Zurich’s global footprint, expertise, and knowledge base allow us to coordinate a vast reservoir of cyber data to deliver rapid responses to affected customers.

Zurich Cyber Policyholders: Need Immediate Assistance?

If your organization is experiencing a cyber incident, access Zurich’s cyber claims reporting and incident response resources.

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Choose the right cyber insurance policy for your business

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Zurich Cyber Insurance Policy - Concierge Suite

Small to midsized companies

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zurich cyber insurance policy

Zurich Cyber Insurance Policy

Large and global companies

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Schedule your free onboarding session

Zurich policyholders can request a complimentary onboarding session with Zurich Resilience Solutions by email: cyberRE@zurichna.com

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Cybersecurity: Resources for resilience

Zurich has been helping businesses strengthen their cyber resilience for over 20 years. See how our experience and insights can help you.

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FAQs

Cyber insurance helps protect your company against information security risk and helps mitigate financial loss. Exposures include pervasive security threats like cyber extortion exfiltration and compromise of personal information, social engineering fraud, malicious acts of rogue employees, and other events that can damage your computer system, corrupt your digital assets, and impact your company’s reputation, good will and the bottom line.

Today, business is digital and highly reliant upon technology to operate efficiently and deliver services to clients, which means companies are increasingly vulnerable to cyber events from email phishing and social engineering to ransomware and other perils, which can give rise to significant expense, downtime, loss of production, and business income loss. If your business depends on computer systems and other digital resources to serve customers, connect with vendors, manage payrolls, administer employee benefit programs, and store sensitive user and customer information, you need cyber insurance.

Cybercriminals are becoming more aggressive and innovative every day, increasing the threat environment for companies of all sizes and industries. A major, 2022 cybersecurity industry survey1 reported:

  • 83% of companies surveyed reported at least one data breach

  • $4.35 million was the average total cost of a data breach

  • 11% of attacks were from ransomware, averaging $4.54 million per event

From malware attacks and social engineering scams to data breaches via the Internet of Things and mobile devices, what all cybersecurity events have in common is that they are more than challenges to network security. They are full-blown risk management threats that demand innovation, resilience, and holistic solutions to mitigate against the significant, potentially long-lasting damage from a hack or data breach on your company.  Following a hack or data breach, companies are also vulnerable to class action litigation and investigations from regulatory agencies.

1. Cost of a Data Breach Report 2022. IBM Security

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