Cyber Risk Insurance

Drive Growth
with Cyber Insights

Protecting sensitive data from data breaches, denial-of-service attacks and copyright infringement is crucial for every organization. Synclature provides customizable cyber insurance solutions, offering the coverage and protection you need to secure your business against evolving cyber threats.

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What Is Covered by Cyber Liability Insurance and Data Breach Coverage?

First Party Liability

Covers losses directly affecting your organization, including the cost of dealing with the breach and recovery.

E-Theft Loss

Losses resulting from fraudulent data inputs into your computer system or network, leading to theft of funds, property, or value.

E-Communication Loss

Losses from fraudulent communications leading to the transfer of funds, property, or value based on false information.

E-Threat Loss

Covers expenses related to extortion threats, including negotiation costs and any payments made to resolve the threat.

E-Vandalism Loss

Losses caused by vandalism, even if perpetrated by an employee, damaging systems or data.

E-Business Interruption

Covers lost income and additional expenses due to business interruption resulting from a cyber incident.

Privacy Notification Expenses

Costs related to notifying affected customers, including credit monitoring or similar services (subject to sub-limits).

Crisis Expenses

Public relations and crisis management services to help manage the aftermath of a cyber incident (subject to sub-limits).

What Is Not Covered by Cyber Liability Insurance and Data Breach Coverage?

Prior Notice Exclusion

Excludes claims related to circumstances that were known or accepted by the previous insurer before the policy was in effect.

Full Severability of Exclusions

Only knowledge possessed by key executives (CEO, CFO, or COO) is imputed to the organization.

Fraudulent Act

Claims resulting from fraudulent acts or willful violations of laws or regulations by the insured are not covered.

General Liability Insurance

Does not cover property damage or bodily injury claims that may be handled under a general liability policy.

Benefits of Cyber Risk Insurance

Comprehensive Protection

Covers a wide range of cyber threats, including data breaches, system damage, and business interruption, safeguarding your business from financial loss.

Financial Security

Helps cover recovery costs, legal expenses and lost income, enabling quick recovery from cyber incidents.

Customized Coverage

Tailored insurance solutions to match your business’s unique risk profile and ensure adequate protection.

Expert Guidance

Access to professionals who simplify cyber insurance and ensure you’re protected against evolving threats.

Frequently Asked Questions

Cyber insurance provides coverage for damages resulting from electronic threats to your systems and data, including data theft, system damage and recovery costs.

Cyber crime coverage typically includes protection against cyber-attacks, hacking, fraud and theft involving digital systems and networks.

Any organization that handles sensitive data, has an online presence or uses digital systems is at risk and should consider cyber liability insurance to protect against potential cyber threats.

Yes, cyber liability insurance typically covers the financial costs and legal expenses associated with data breaches, including notification costs and crisis management.

5.Synclature offers customized cyber insurance solutions tailored to your organization's unique needs. With our expertise, we ensure you have the right coverage to protect against the latest cyber risks, helping you focus on growth and security.