Cyber risk insurance provides financial protection and professional support in the event of incidents involving cyber threats — such as data breaches, ransomware attacks, it system disruptions, or other digital security breaches. The coverage helps businesses manage the financial impact and consequences of such events, which can seriously disrupt operations, damage reputation, and lead to legal or regulatory penalties.

A typical cyber insurance policy covers data restoration costs, business interruption losses, incident response and management, legal expenses, regulatory fines, third-party claims, and even reputation management.

Additionally, policyholders often gain access to expert assistance from cybersecurity professionals, legal advisors, and crisis communication consultants.

In today’s digital business environment, cyber insurance has become essential. It helps organizations recover faster after an attack, reduces financial exposure, and supports compliance with data protection requirements — making it a key component of any comprehensive risk management strategy.