Cyber security is a form of coverage designed to protect your business from threats in the digital age, such as data breaches or malicious online intrusions into work computer systems.
A business is responsible for its own cyber security, but in the event of a cyber attack, the right insurance means you’re not alone. Cyber coverage can provide critical support to help your business stay afloat.
That is why Maxima Insurance is by your side with modern insurance solutions and benefits, which with the help of excellent professionals in the field, specialized in dealing with cybercrime, minimize the adverse financial and material consequences of a cyberattack, restoring functionality and a sense of security in the business.
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Frequently Asked Questions
Find answers to key questions about the plan and get information before you choose the coverage that’s right for you.
Often, there is confusion between defence (protection software) and insurance. Cyber insurance does not prevent the attack, but covers the financial consequences after the event.
A ransom payment (cyber extortion) can be covered, but the insurance company must be informed BEFORE any payment is made. It also covers the cost of restoring systems and lost revenue.
Contingent business interruption cover may be provided to cover losses due to failure of critical suppliers. With increasing cloud dependencies this coverage is becoming increasingly critical.
Classic cyber insurance covers IT. For Operational Technology (industrial systems, SCADA) specialised coverage is required. This is a critical distinction for industrial companies.