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Protection against cybercrime: cyber insurance for individuals
Cybercrime affects us all. The digital world is becoming a major part of our lives, from online banking to social media platforms; however, the more we use these services, the greater the risk of us falling victim to a cyberattack.
Hackers don’t only target large international corporations and government agencies; in fact, they’re increasingly focusing on individuals. The dramatic increase in reported cases of cybercrime is alarming.
Cyber insurance for individuals
Cyber insurance covers various types of loss and damage related to the use of computers and the Internet. Here are the main components of a typical cyber insurance policy:
Protection against data loss due to cybercrime or viruses: Cyber insurance covers the costs of removing malware such as trojans, viruses and worms. The restoration and transfer of your personal data from previous backups and the reinstallation of your operating system by qualified IT experts are also covered.
In case of everyday mishaps: You never know when you might spill something on your laptop or drop your smartphone and find it impossible to restart your device. In such cases, cyber insurance covers attempted data recovery using backup files.
Personal injury due to cyberbullying: Cyber insurance covers legal assistance for having offensive content removed from online platforms. Counselling is also included if you fall victim to cyberbullying, and you’re protected from costs resulting from any fraudulent orders made in your name.
Legal protection in case of abusive online transactions: A cyber insurance policy will ensure you receive assistance if your credit card details are stolen and misused, including support in negotiations with your credit card provider and reimbursement in the event of financial loss or damage. If you make an advance payment for a product which is ultimately never delivered and you’re unable to contact the fraudulent provider, you’ll also be covered for any losses incurred.
Legal disputes due to copyright infringement: if someone illegally uses one of your images without your consent, the costs of the resulting legal disputes will be covered by your cyber insurance policy.
IT assistance: experienced IT experts will assist you via telephone or remote access if you’re having problems with your laptop, printer or smartphone.
Protection of your digital identity: ID monitoring is carried out to ensure adequate protection of your personal data, such as passwords and credit card details. All suspicious activities related to your personal data (digital identity) are monitored. You’ll receive assistance in all cases of suspected or actual misuse.
Secure data vault: enjoy access to a highly secure, password-protected storage system, which can also be used for the safe transfer of sensitive data.
In summary, a cyber insurance policy provides protection against various types of loss and damage arising from the use of computers, smartphones or the Internet in general. It’s important to understand the exact conditions and level of coverage before taking out a cyber insurance policy, so contact us if you have any questions or would like a free product recommendation.
Cyber insurance cover can be taken out either in combination with home contents and personal liability insurance or as a standalone policy. The scope of coverage is identical in both cases.
If you have already fallen victim to a cyberattack, you can contact the National Cyber Security Centre (NCSC), which serves as the Swiss reporting office for individuals, companies, the authorities and IT specialists. You can report your incident and get help in dealing with the situation in question.
Protect yourself now against future threats in the digital world and contact us. Our specialists will scour the market for the product that best meets your expectations and needs. This service is free of charge for you.
You can contact our experts by e-mail at burgdorf@unionsb.ch or by phone on 034 422 70 24.
All our insurance experts comply with the guidelines set by the Swiss Financial Market Supervisory Authority (FINMA) and are Cicero certified. At Union Swiss Brokers Holding AG, we set great store by competent, professional advice, and our insurance experts regularly participate in further training to ensure they’re always up to date.
By granting us an insurance mandate, you authorise us to represent you when dealing with insurance providers, whether in the event of a claim, obtaining quotes for comparative purposes or for any other clarifications.
Once you’ve filled in your mandate agreement, you can send it to us by e-mail or by post using the following address: Union Swiss Brokers Holding AG, Lyssachstrasse 9, 3400 Burgdorf. We will contact you immediately upon receipt to discuss the next steps.
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