Cyber Risk Insurance

What is Covered in a Cyber Risk Insurance Policy?

• Identity Theft – Covers costs for re-filing rejected loan applications, notarization expenses, communication costs, and re-issuing identity documents.
• Reputational Injury – Covers IT service provider costs, counseling expenses, and lost wages due to reputational damage.
• Unauthorized Transactions – Covers fraudulent transactions using bank accounts, credit/debit cards, and mobile wallets in India.
• Cyber Bullying – Covers damages from malicious online posts causing embarrassment, humiliation, or distress.
• Cyber Extortion – Provides protection against threats demanding money in exchange for not releasing sensitive personal information.
• Legal Expenses – Covers legal defense costs, including expert fees, court appearances, and investigations.
• Data Restoration Costs – Covers expenses for recovering lost or corrupted data due to a cyber attack.
• Forensic Costs – Pays for IT specialists to investigate cyber extortion or data breaches.
• Media Liability – Provides legal defense and liability coverage for defamation claims, copyright, trademark, and domain name disputes.