Protection against Unforeseeable Cyber Threats and IT Risks

The number and complexity of cyber-attacks are steadily increasing worldwide. Companies of all sizes and industries are potential targets. Despite the most modern IT security infrastructure, not all risks can be predicted or prevented. Traditional insurance often does not provide adequate protection against the specific and diverse risks of the digital world. Our Cyber Risk Insurance is designed to fill these gaps and safeguard your business against unforeseeable cyber threats. It protects you from the financial consequences of an attack and ensures that your business quickly gets back on its feet.

The threat landscape in cyberspace is intensifying daily. Cyber-attacks are not only becoming more frequent but also more sophisticated. What was once considered a minor risk can now become an existential threat to companies of any size. Whether a global corporation or a mid-sized business – no one is safe.

Phishing, ransomware, and data theft are no longer exceptions but the norm. According to recent studies, one in three companies falls victim to a cyber-attack within a year. The impacts can be devastating: system failures, stolen customer data, and ruined business relationships are just the beginning. Without adequate coverage, financial losses could run into millions, and reputational damage is often irreparable.

Even the most advanced IT security infrastructure cannot eliminate all risks. New, unforeseeable threats constantly emerge, and vulnerabilities that seemed insignificant yesterday can become prime targets tomorrow. Attackers continually develop new techniques to bypass even the most robust systems. Traditional insurance often does not cover these specific and diverse cyber risks.

An attack can destabilize your entire business model in seconds. Without Cyber Risk Insurance, you risk the fate of your company. This insurance is designed to close the inevitable gaps and protect your business from the devastating financial consequences of a cyber-attack. It ensures that you can quickly become operational again after an attack and covers the immense costs that would otherwise come out of your pocket.

Imagine this scenario:
A hacker gains access to your systems, encrypts your data, and demands a ransom. While your IT department frantically tries to contain the damage, your production grinds to a halt, customers lose trust, and revenues plummet. Without Cyber Risk Insurance, the ensuing costs could drive you and your business to ruin. But with this insurance by your side, you can minimize the effects of such an attack and recover quickly.

Assiconsult's Cyber Risk Insurance offers you comprehensive protection specifically designed to meet the needs of modern businesses. We understand that every company has unique risks and requirements that go beyond the standard. As an independent insurance broker, we thoroughly assess your individual needs and identify risks not covered by traditional property insurance.

Based on our experience, these risks include events such as viruses, system crashes, data theft, sabotage, or malware. After a thorough risk analysis and defining your specific insurance needs, we conduct a personalized market analysis. We evaluate the insurance offers received based on the following critical criteria:

• Coverage Scope: Includes damage claims, business interruption losses, costs for recovery, and crisis management.
• Adequate Maximum Compensation: Ensures that the insurance sum sufficiently covers potential damages.
• Cost-Benefit Ratio: Optimizes the cost structure in relation to the offered insurance coverage.
• Claims Handling: Efficiency and speed in handling claims in case of an emergency.
• Administrative Efficiency: The administrative handling and customer service of the insurer.

Additionally, we offer you comprehensive coverage in the following key areas:

• Coverage against Cyber Attacks and Data Breaches: Our insurance covers the costs incurred from unforeseeable cyber-attacks such as hacking, phishing, ransomware, and malware. This includes the recovery of lost data and the repair of IT systems.

• Legal Support and Compensation: In the event of data breaches or other cyber incidents, we cover the costs for your legal defense and any compensation claims. This protection is crucial as the legal consequences of a cyber-attack can be severe and costly.

Another central component of our solution is the preventive security of your IT infrastructure, ensured through our partnerships with leading IT security solution providers. While our partners maintain your IT security measures at the highest level through regular checks and training, our Cyber Risk Insurance covers the inevitable gaps. This combination of preventive measures and comprehensive insurance coverage ensures that your business is not only protected but also able to quickly become operational again after an attack.

Our Cyber Risk Insurance covers the unforeseeable and not fully closable risks and provides financial protection and support in restoring your systems. This way, you can ensure that your business recovers quickly even in the event of a cyber-attack.