Our risk appetite
DUAL's Cyber Suite encompasses a broad underwriting appetite with most occupations able to be quoted under our Cyber Gold offering for businesses with up to EUR 5,000,000 turnover and Cyber Platinum offerings for businesses with up to EUR 50,000,000 turnover, or via our branch Underwriters for business in excess of this threshold.
Some of the common events that can result in a cyber claims include:
- A hacking attack
- Breach of privacy
- Lost or stolen iPad, laptop or other device
DUAL's Cyber insurance covers the following key elements:
Third party Claims - covers the Insured's liability to third parties from a failure to keep data secure, such as claims for compensation by third parties, investigations and defence costs.
First Party Costs - reimburses the Insured for the costs they would incur to respond to a breach, such as IT Forensics costs, credit Monitoring Costs, Public Relations Expenses and Cyber Extortion Costs (including ransom payments to hackers).
Costs - IT Forensics costs, credit Monitoring Costs, Public Relations Expenses and Cyber Extortion Costs (including ransom payments to hackers).
Business Interruption - This sections provides reimbursement for the Insured's loss of profits resulting from a breach as well as any additional necessary expenses it may need to incur to continue business as usual.
Social Engineering, Phishing and Cyber Fraud Cover
54% of businesses who have experienced a cyber-attack had fallen to an email or phishing scam1.
DUAL’s Cyber offerings can be extended for an additional premium to include Social Engineering, Phishing and Cyber Fraud cover (subject to underwriting criteria being met).
1. Norton SMB Cyber Security Survey 2017.