Cyber Insurance Policy
Cyber Insurance Policy by Lev Ins is a comprehensive insurance solution that offers personalized risk assessment and specific coverage, answering the individual needs of the client.
Who is this insurance for?
Cyber Insurance Policy is a product for protection of computer configurations and data that belong to enterprises operating on the territory of the EU.
The insurance contract is in force after paying the insurance premium and if the insured party allows the specialists from Lev Ins, or people authorized by them, analyze the information security or perform risk analysis. Based on the conclusions, an individual offer for the covered risks is prepared and the amount of the premium is decided.
Lev Ins cybersecurity qualified experts are able to run a penetration test. This is recommended for high risk industries that hold sensitive personal data.
Territorial scope of the coverage?
Lev Ins offers insurance coverage of harmful actions caused to legal entities on the territory of the EU.
What risks does the insurance cover?
Coverage for the Insured
- Digital assets
- Business interruption
- Cyber terrorism
- Cyber extortion
- Notification costs
- Call center costs
- Data and systems recovery
- Data breach expenses
- Crisis management costs
- Breach forensic costs
- Regulatory notification costs
Third party liability
- Claims for compensation of mental distress
- Third party personal data claims
- Privacy liability claims
- Internet media liability claims
- PCI security standards related expenses
- Regulatory defense and penalties
Why should I make Cyber Insurance at Lev Ins?
- 24/7 emergency hotline in the event of a hackers attack
- 2 Security Operational Centers – in Israel and Bulgaria
- A team of cybersecurity experts to take care of your protection
Free non-stop assistance
0800 10 200
- Day and night monitoring of the information systems of your company
- Immediate reaction to every attempt for an attack
- Cyber incidents investigation
Frequently Asked Questions
What is a penetration test?
A penetration test simulates a real hackers’ attack but it is directed by certified information security experts. Its purpose is to check what the vulnerabilities are in the client’s system before hostile hackers take advantage of them and break in. After finishing the test, a report with recommendations for improving security is given. The recommendations are comprehensive and described in details. When the client fulfills the recommendations from the report, a second penetration test is performed in order to verify that the discovered security leaks are removed.
Penetration tests are done according the recommendations of NIST SP 800-115.
How is this insurance policy protecting my business?
Cyber Insurance Policy by Lev Ins provides an exceptionally large specter of coverage for your business. In the event of a successful hackers attack, we will take over all expenses for recovering your data, as well as your losses in case of business interruption. If you become a victim of cyber extortion or cyber terrorism, we will cover the extortion payments and the harm that the criminals have done to you.
How is this insurance policy protecting my partners?
We take care not only for you but for your valuable clients and partners as well. Therefore, we provide third party liability that covers emotional trauma claims and media responsibility claims in case of data disclosure that can be perceived as slander or intellectual property violation caused by the Insured. We know how overwhelming regulators’ penalties for personal data leakage might be to your business. That is why we are willing to take care of them.
How are the insurance premium and coverage defined?
The amount of the insurance premium and the specific risk coverage is decided individually based on the penetration test report, the needs, and the size of the company.
What are the requirements my company should comply for making the policy?
Enterprises that operate in the areas of national security, banking, credit institutions, investment funds, hosting services, aviation, and telecommunications, as well as the energy providers, can NOT be a party in the insurance contract. All the rest legal entities, registered and operating on the territory of the European Union, can make Cyber Insurance with Lev Ins.
What should I do if I become a victim of a cyber attack?
Urgently contact our 24/7 Security Operational Center at 0800 10 200. Our specialists will offer you full assistance. If a cyber incident is confirmed, we will start a cyber forensic investigation and we will forward the report to the experts from our claims handling department.