Comprehensive Cyber Insurance Solutions
Cyber Insurance safeguards your business against the financial impact and reputational harm from cyber attacks.
While you manage your operations, the coverage handles the costs of data breaches, cyber ransom, and other cyber threats. Ensure your business’s financial stability and reputation are secure—request a personalized quote now and stay prepared for the unforeseen.
What is Cyber Insurance?
In today’s digital landscape, Cyber Insurance is essential for businesses seeking protection against cyber threats.
This insurance provides comprehensive coverage for financial losses resulting from cyber-attacks, data breaches, and other cybersecurity incidents. With cyber risk insurance, you can mitigate the risks associated with online threats, ensuring your business is well-prepared for any digital disruptions.
Key Benefits of Cyber Insurance
Comprehensive Protection:
Covers expenses related to data breaches, cyber-attacks, and online fraud.
Reputation Management:
Assists with managing the impact of a cyber incident on your brand’s reputation.
Financial Security:
Provides support for costs such as remediation, legal fees, and regulatory fines.
Why Choose Cyber Insurance?
Cyber Insurance is essential for protecting your business from the growing risks of cyber-attacks and data breaches.
As reliance on digital systems increases, so does exposure to online threats. Cyber Insurance provides the financial and operational support needed to recover from cyber incidents and maintain business continuity.
What Does It Cover?
Data Breach Costs:
Covers expenses related to data breach notifications, credit monitoring, and identity theft protection for affected individuals.
Cyber Ransom:
Protects against the financial impact of ransomware attacks, including ransom payments and associated recovery costs.
Business Interruption:
Provides compensation for lost income and operational costs due to cyber-related disruptions or downtime.
Legal and Regulatory Fees:
Covers legal expenses and fines arising from regulatory investigations or lawsuits following a cyber incident.
Reputation Management:
Assists with public relations and crisis management to mitigate reputational damage caused by cyber-attacks.
Where Can Cyber Insurance Help?
Cyber Insurance is valuable across various sectors, including finance, healthcare, retail, and technology.
Any business that relies on digital systems and manages sensitive information can benefit from robust cyber protection.
Industries We Serve:
Finance:
Protect against financial data breaches and fraud with specialized cybersecurity insurance.
Healthcare:
Safeguard patient data and comply with regulatory requirements.
Retail:
Shield customer information and transaction data from online threats.
Technology:
Defend against cyber-attacks and data theft with tailored coverage.
Common Misconceptions About Cyber Insurance.
Cyber Insurance Covers Prevention of Cyber Attacks
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Misconception: Many believe that cyber insurance can prevent cyber attacks.
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Reality: Cyber Insurance does not prevent attacks but provides financial support and recovery assistance if an incident occurs.
Cyber Insurance Is Only for Large Companies
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Misconception: Some think that only large corporations need cyber insurance.
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Reality: Businesses of all sizes are at risk. Cyber Insurance is essential for any organization that relies on digital systems, regardless of size.
My Company’s IT Security Is Enough; I Don’t Need Cyber Insurance
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Misconception: The belief that strong IT security measures eliminate the need for insurance.
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Reality: Even with robust security, breaches can still happen. Cyber Insurance complements your security efforts by covering financial losses and recovery costs.
Cyber Insurance Covers All Types of Cyber Incidents
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Misconception: Assumes that all cyber incidents are covered under one policy.
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Reality: Coverage can vary. It’s crucial to understand the specific terms and exclusions of your policy to ensure it meets your needs
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Cyber Insurance Is Too Expensive for Small Businesses
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Misconception: Small businesses often assume that cyber insurance is too costly.
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Reality: Cyber Insurance can be affordable for small businesses and is a valuable investment in protecting against potentially devastating financial losses.
How Does Cyber Insurance Work?
Cyber Insurance helps cover costs associated with cybersecurity incidents, such as data breaches and cyber-attacks.
It provides financial support for remediation, legal fees, and regulatory fines, aiding in your business's recovery with minimal disruption.
Coverage Includes:
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Data Breach Response: Covers costs for managing and mitigating data breaches and cyber incidents.
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Legal Fees: Assistance with legal expenses and regulatory fines resulting from cyber threats.
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Recovery efforts after a cyber-attack.
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Operational Disruption: Financial support for business interruption and recovery efforts after a cyber-attack.
Don’t let a cyber incident jeopardize your business. Secure your digital assets with NRM’s Cyber Insurance.
Request a quote today and protect your business from online threats!
Yvonne Yeoh
We have submitted our 1st travel claim with our agent Nexus - Patrick & Angelia and the Chubb Claims Team and it was a prompt fast service!! Thank you so much for the great service!!
Cyril Lim
Positive Professionalism, Responsiveness
Patrick was utterly professional and although my enquiry was not common, he took it upon himself to check around to get an honest answer as quickly as he could.
Siew Hong Peh
NRM is professional in its dealings, and very clear and concise in its explanations. They have shown a can do attitude for tough issues and always try to provide viable solutions. It is a pleasure to work with them.