Protect your data, reputation, and revenue from cyber attacks
Third-Party Liability Coverage
Protects loss of revenue
Comprehensive cyber coverage
Protection from digital threats
Cyber Insurance: Safeguard your business in the digital age
Cyber insurance is a vital tool in today’s digital-first world, offering protection against the growing threat of cyberattacks, data breaches and online fraud. As businesses increasingly rely on digital infrastructure, the risks of financial loss, operational disruption, and reputational damage have never been higher.
Cybersecurity insurance helps cover the costs of these incidents, ranging from data recovery and legal expenses to crisis management and notifying your customers about the breach. In an era where even a single breach can derail a business, a cyber insurance policy is vital.
What is Cyber Insurance?
Cyber insurance is a policy designed for businesses of all sizes and sectors to protect their valuable data against data breaches, cyber attacks and other threats. The cyber insurance policy not only protects a business against its own data loss and related expenses, but it also covers against third-party losses such as customer data compromise or legal claims.
Suppose a company’s employee database is hacked, exposing customers’ personal information. Cyber security insurance helps cover the cost of notifying affected customers and defending the business against legal claims.
What is Cyber Insurance?
Cyber insurance is a policy designed for businesses of all sizes and sectors to protect their valuable data against data breaches, cyber attacks and other threats. The cyber insurance policy not only protects a business against its own data loss and related expenses, but it also covers against third-party losses such as customer data compromise or legal claims.
Suppose a company’s employee database is hacked, exposing customers’ personal information. Cyber security insurance helps cover the cost of notifying affected customers and defending the business against legal claims.
Cyber risks covered under TATA AIG Cyber Insurance policy
Data liability:
Covers loss or theft of personal or corporate data, including information handled by third-party vendors.
Network security:
Protects against liability from hacking, malware, or unauthorised access to your company’s IT systems.
Regulatory and administrative costs:
Covers legal and investigation expenses, fines, or penalties arising from breaches of data protection laws
Reputation & crisis response:
Pays for forensic investigation, customer notifications, credit monitoring and PR support to rebuild trust.
Cyber risks covered under TATA AIG Cyber Insurance policy
Data liability:
Covers loss or theft of personal or corporate data, including information handled by third-party vendors.
Network security:
Protects against liability from hacking, malware, or unauthorised access to your company’s IT systems.
Regulatory and administrative costs:
Covers legal and investigation expenses, fines, or penalties arising from breaches of data protection laws
Reputation & crisis response:
Pays for forensic investigation, customer notifications, credit monitoring and PR support to rebuild trust.
Add-ons under cyber insurance
Multimedia liability
With this add-on, cybersecurity insurance protects your company if someone sues over digital content you publish. Covers defamation, copyright or trademark infringement, plagiarism, invasion of privacy, and negligence in digital media. Excludes mistakes in product descriptions or financial data like annual reports.
Cyber / privacy extortion
Covers costs if someone threatens your systems to demand money. Includes ransom payments (with insurer consent) and professional fees to investigate the threat. Does not cover threats from government or public authorities and requires keeping the insurance confidential.
Network interruption
Protect your profit if a cyber incident disrupts your systems. Covers net profit lost due to hacking, malware or unauthorised access, starting after the waiting period. However, it excludes third-party failures, government shutdowns, legal costs, system upgrades or costs to prove the loss.
How does Cyber Insurance work?
Coverage selection
Businesses choose coverage based on their size, industry and digital risk profile. This protects against threats like data breaches, ransomware or system downtime.
Incident reporting
When a cyber incident occurs, the policyholder immediately notifies the insurer, providing details of the breach or attack.
Claim assessment
The insurer investigates the event, verifies coverage and estimates financial losses and liabilities.
Financial protection
The cybersecurity insurance policy minimises the financial impact of cyber incidents, helping businesses recover quickly.
What happens if you do not have Cyber Insurance
Without a cyber insurance policy, the financial and operational impact of a cyberattack can be devastating, especially for small and mid-sized businesses that lack strong digital protection.
Key Risks of Not Having Cyber Insurance:
You’ll need to pay for system restoration, data recovery and ransom demands out of pocket, often costing lakhs or even crores.
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