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.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.
Choose the right cyber insurance policy for your business
Zurich Cyber Insurance Policy - Concierge Suite
Small to midsized companies
Zurich Cyber Insurance Policy
Large and global companies
Schedule your free onboarding session
Zurich policyholders can request a complimentary onboarding session with Zurich Resilience Solutions by email: cyberRE@zurichna.com
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.
FAQs
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:
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83% of companies surveyed reported at least one data breach
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$4.35 million was the average total cost of a data breach
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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
How Cyber Insurance Helps Businesses Respond
When a cyber event occurs, a swift and structured response is critical to minimizing its impact. Cyber insurance is designed to provide the resources and financial support businesses need during these high-stakes moments. It supports structured response planning and execution.
Zurich works with your business to help you navigate the complexities of a cyber incident. Our cyber policies are structured to address a range of cyber exposures and provide access to incident response resources to help manage a crisis. Coverage is designed to address costs associated with investigating an event, notifying affected parties and recovering data. For instance, in the event of a ransomware attack, coverage can help with the costs of restoring your systems and responding to the threat. Following a data breach, it can help manage the expenses of regulatory compliance and public relations.
Having this support structure in place allows your business to focus on recovery and operational continuity, knowing you are prepared to act decisively.
