Commercial Cyber Insurance
Make your business resilient to cyber attacks
With the rapid implementation of digital business solutions in today’s economy, data and systems have become key assets for modern businesses – assets that should be protected.
Commercial Cyber Insurance gives you access to professional advice, an expert incident response team and the resources to effectively recover from a breach in digital security.
Some of the benefits
Simple application
Convenient and fast end-to-end online sales
Professional support
Team of experts to assist if a cyber attack occurs
Legal coverage
Cover assists with legal guidance to manage the incident response process
Minimal disruption
Effective response to ensure business continuity
HOW IT WORKS
Commercial Cyber Insurance protects your business’ data and system operational capability (ability to process such data).
- Covers the resultant costs and damages from a privacy breach or a network security breach
- Covers what has previously been uninsurable
- Comprehensive first and third-party coverage
- Expert incident response process.
Standard Bank Insurance Brokers (Pty) Ltd (Reg. No. 1978/002640/07) is an authorised Financial Services Provider (FSP 224) and part of the Standard Bank Group. The Commercial Cyber Insurance product is underwritten by The Hollard Insurance Company Limited (Reg No. 1952/003004/06) a Licensed Non-life Insurer and an authorised Financial Services Provider.
WHAT IS COVERED
We have partnered with The Hollard Insurance Company and iTOO Special Risks (Pty) Ltd to bring you a Commercial Cyber Insurance policy that extends to cover numerous incidents including but not limited to:
- Cyber extortion and malware (viruses, ransomware, or publishing of stolen data).
- Denial of service (disruption to operations).
- Downstream attack (a compromise of your environment resulting in damages to others and the legal costs involved).
- Hacking.
- Insider and privilege misuse (unauthorised access and use of systems and data by employees and service providers).
- Physical theft and loss (both devices and physical hard copy data).
- Threats posed by third party access into a client environment.
WHAT IT COSTS
Get Commercial Cyber Insurance from R160* per month, depending on:
- Specific cover requirements.
- Risk rating.
*Terms and conditions apply
HOW TO GET IT
- You have to be an existing Standard Bank Business Current Account holder
- Get an online quote and buy Commercial Cyber Insurance online via sbinsure.standardbank.co.za
HOW TO CLAIM
Speed, efficiency and experience are critical to reducing the exposure, costs and reputational damage resulting from a cyber incident. Our partnership with specialist Underwriting Management Agency (UMA) iTOO Special Risks (Pty) Ltd and the Insurer The Hollard Insurance Company ensures that you have access to highly acclaimed expert resources including experienced cyber mitigation and incident response specialist with a local presence and proven capabilities.
To submit a claim, contact the administrator iTOO
- Emergency incident response hotline – 0861 767 778
- Email – cyber_claims@itoo.co.za
ITOO Special Risks (Pty) Ltd (Reg. No. 2016/281463/07) is an authorised Financial Services Provider (FSP 47230)
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HOW IT WORKS
-
WHAT IS COVERED
-
WHAT IT COSTS
-
HOW TO GET IT
-
HOW TO CLAIM
Commercial Cyber Insurance protects your business’ data and system operational capability (ability to process such data).
- Covers the resultant costs and damages from a privacy breach or a network security breach
- Covers what has previously been uninsurable
- Comprehensive first and third-party coverage
- Expert incident response process.
Standard Bank Insurance Brokers (Pty) Ltd (Reg. No. 1978/002640/07) is an authorised Financial Services Provider (FSP 224) and part of the Standard Bank Group. The Commercial Cyber Insurance product is underwritten by The Hollard Insurance Company Limited (Reg No. 1952/003004/06) a Licensed Non-life Insurer and an authorised Financial Services Provider.
We have partnered with The Hollard Insurance Company and iTOO Special Risks (Pty) Ltd to bring you a Commercial Cyber Insurance policy that extends to cover numerous incidents including but not limited to:
- Cyber extortion and malware (viruses, ransomware, or publishing of stolen data).
- Denial of service (disruption to operations).
- Downstream attack (a compromise of your environment resulting in damages to others and the legal costs involved).
- Hacking.
- Insider and privilege misuse (unauthorised access and use of systems and data by employees and service providers).
- Physical theft and loss (both devices and physical hard copy data).
- Threats posed by third party access into a client environment.
Get Commercial Cyber Insurance from R160* per month, depending on:
- Specific cover requirements.
- Risk rating.
*Terms and conditions apply
- You have to be an existing Standard Bank Business Current Account holder
- Get an online quote and buy Commercial Cyber Insurance online via sbinsure.standardbank.co.za
Speed, efficiency and experience are critical to reducing the exposure, costs and reputational damage resulting from a cyber incident. Our partnership with specialist Underwriting Management Agency (UMA) iTOO Special Risks (Pty) Ltd and the Insurer The Hollard Insurance Company ensures that you have access to highly acclaimed expert resources including experienced cyber mitigation and incident response specialist with a local presence and proven capabilities.
To submit a claim, contact the administrator iTOO
- Emergency incident response hotline – 0861 767 778
- Email – cyber_claims@itoo.co.za
ITOO Special Risks (Pty) Ltd (Reg. No. 2016/281463/07) is an authorised Financial Services Provider (FSP 47230)
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