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CYBER RISK INSURANCE

is intended to protect businesses from risks related to IT infrastructure and information privacy.

Coverage provided by cyber-insurance policies may include:

  • Data destruction, theft or hacking;

  • Denial of theft attacks;

  • Failure of companies to safeguard data;

  • Losses caused by errors and omissions;

Detailed coverage description:

Claim Scenario examples:

Claim Scenario 1

Loss of Digital Data

Due to incorrect operation, some important data is accidentally lost or corrupted; insurer reimburses corresponding reconstitution costs. 

Claim Scenario 2

Cyber Extortion

Following a cyber-attack, your database has been hacked and hackers demand a ransom payment in order to restore the data; insurer reimburses the money payments.

Claim Scenario 3

Data Theft

Sensitive digital data concerning a client, supplier or third party is hacked and the client, supplier or third party considers that you have not respected your data protection obligations and that you are liable; insurer covers litigation costs, defence costs and indemnity payments. 

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Aiming to bring tailored risk management and insurance solutions targeted to your company needs: whether you are a large or small company, international or national organisation or a private client.

Useful Links

AUTHORITIES

Federal Administration of Switzerland: www.admin.ch

Federal Office of Social Insurance: www.bsv.admin.ch
Swiss Financial Market Supervisory Authority (FINMA): www.finma.ch
List of members of the Swiss Insurance Association (ASA/SVV): www.svv.ch

NATIONAL AND INTERNATIONAL CONTACTS

Altafid, trust company in Neuchâtel: www.altafid.ch
The Global Center for specialist insurance and reinsurance: www.lloyds.com

Our Offices

GENEVA (Headquarters)

58, Rue du Grand-Pré
1202 Genève
Tel:- +41 22 544 11 11

NEUCHÂTEL

7, Av. Jean-Jacques Rousseau
1201 Neuchâtel

Tel:- +41 32 722 17 17

© Axiom 2019. All rights reserved.