CYBER SECURITY INSURANCE WITH ALFRED
Whether running a business or simply managing our own day-to-day needs, we all rely on technology more than ever. Increasing cyberattacks pose a real threat to the security of our data and can severely disrupt our personal and professional lives. A Cyber Security Insurance policy will help to minimise the effects of these risks.
So, whether an individual, small business or a large organisation, anyone can enjoy the relief of knowing they are covered with a Cyber Security Insurance Policy arranged through InsuranceMarket.ae.
We’ll email a comparison table, help you choose and email your policy!
WE WORK WITH THE LEADING CYBER SECURITY INSURERS IN UAE
At InsuranceMarket.ae we’re proud to have enjoyed over 25 years’ experience of helpin customers with their Insurance needs, and over these years have built great partnerships with the leading and most respected Cyber Security Insurers in the Dubai/UAE market: big names such as AXA, RSA, Orient, AIG and many more. Our relationships and reputation mean we can secure great deals, discounts and covers that are the best in the market and pass all these benefits on to you!
WHAT DOES CYBER SECURITY INSURANCE COVER?
Cover will of course vary depending on the type of policy you select, but if we consider a typical Cyber Security Insurance, your policy will typically include:
Any business interruption loss (caused by a ransomware attack, a distributed denial of service attack, operator error (accidental deletion of data) or any other virus or malware that prevents you from trading)
Any costs incurred to minimise a cyber extortion threat, where a third party has stolen your data or threatened a denial of service attack, as well as any proven loss of profits through associated business interruption
Costs to restore data that has been accidentally deleted, corrupted, destroyed or encrypted by a virus or malware
Costs incurred due to any accidental breach or copyright or defamation (libel and slander)
Your liability for losses caused to third parties by your transmission of any virus, malware or ransomware
Any event that leads to your cloud or outsource provider not being able to supply the agreed service
Your liability for the loss of personal data or breach of any privacy legislation anywhere in the world.
Your liability for any fines and penalties imposed by any bank or payment card company following the loss of credit card data, including all legal costs incurred whilst protecting you against a valid claim
WHAT IS NOT COVERED UNDER YOUR CYBER SECURITY INSURANCE?
We’d like to assure you that there is more covered than not, but like most insurance products, Cyber Security Insurance won’t cover everything and all eventualities. Typical examples include:
Predicted, potential or future lost profits
Any business devaluation due to theft of your Intellectual Property (designs, moulds, specifications, etc)
Any costs you have incurred in improving your own technology and systems internally, including any software or security upgrades that you have purchased and installed following a cyber event (insurance seeks to put you in the same position that you were prior to suffering a loss; any improvement is seen as “betterment” and this is not covered)
Any physical damage to your hardware (eg. accidental damage, water damage, fire) and/or breakdown of the equipment
Any monies that you have transferred from your account as a result of/in response to any phishing attack
WHAT ADDITIONAL COVER OPTIONS AND UPGRADES ARE AVAILABLE?
While typical Cyber Security Insurance policies cover you against most common risks, insurers do offer additional layers of protection to address your unique needs. these include add-ons such as:
Media Liability including defamation, privacy rights violations, and plagiarism
Costs of repair or replacement of hardware
Fees to repair the reputation of the insured business
WHY CHOOSE CYBER SECURITY INSURANCE WITH INSURANCEMARKET.AE
At InsuranceMarket.ae, we provide an unmatched customer experience and really understand the needs of the modern business customer. Here are just 5 reasons why you should choose us for your Business Insurance needs:
20,000 Google reviews and 4.9 rating: customer satisfaction is our number one priority and we’ve got the feedback to prove we deliver!
Dedicated personal shopper to help answer your questions and help you with your purchase
Responsive, reliable and dedicated claims manager to offer advice, reassurance and assistance when you need it most
Competitive prices and comprehensive products providing the cover you need at a price you can afford from the insurers you can trust
Great value-added services such as discount vouchers that are sent with your policy: you just keep on saving with Alfred!
25+ years of UAE insurance experience
Dedicated insurance advisor to answer all your questions
Simple and fast claims process
Highest rated insurance provider in the UAE
HOW TO COMPARE CYBER SECURITY INSURANCE QUOTES?
Let Alfred help you compare Cyber Security Insurance with lightning fast service
Cyber Security Insurance doesn’t need to be complicated but sticking to one option just isn’t enough, and whilst two can be twice as nice, we believe in the power of three: that’s why we send you at least that many quotes to compare. Once you’ve got your selection, here are our top 3 tips for what to do next.
Check the cover provided under each quote and compare against each other. You can’t judge a square versus a circle so make sure your assessment is a fair one.
If you have purchased Cyber Security Insurance before, check the cover provided against your previous policy. Are you getting like-for-like, less or more? Also consider the “added value” items like optional extras, additional services as standard, discount vouchers etc.
Check the price last so you can see the benefits of the cover rather than being influenced by the premium first. You can then assess the value for money. And don’t forget those “extras” too: you may or may not be able to put a price on them but they do count!
WHAT DO I NEED TO GET A CYBER SECURITY INSURANCE QUOTE?
Getting a Cyber Security Insurance quote with us is simple and stress-free. If you can provide us with a few pieces of key information, we’ll take care of everything and come up with a range of quotes for you to consider.
Of course, we will need the basics such as your contact details (name, phone number, address and email) in addition to filling out a single page Proposal Form that would enable us to get terms.
HOW CAN I GET LOW COST CYBER SECURITY INSURANCE?
There’s no magic formula for getting value for money Cyber Security Insurance but there are some steps you can follow and things you can do to get the best deal for your dirhams! We asked Alfred and here’s what he suggests:
Never buy insurance at the last minute. Give yourself plenty of time to consider the cover you need against what’s available in the market. If time is running out then the budget can too if you blow it by taking the first deal that’s on offer……even worse, you might just end up paying a lot more money for a whole lot less cover!
Don’t be tempted to “go through it alone” in your search for the best policy at the best price. Let the experts help! At InsuranceMarket.ae our personal shoppers are just waiting to do the hard work for you. It’s a simple but winning formula. No extra cost + no waste of your time = no brainer!
Don’t get too hung up on price alone. Being mindful of money is no bad thing but being bound by a budget can prove “false economy” if you don’t have the correct cover and lose out when it comes to a claim. At InsuranceMarket.ae we search the market and provide you with a minimum of 3 quotes to compare: working with you to find the best cover for your budget.
FIND THE BEST DEALS ON YOUR CYBER SECURITY INSURANCE WITH ALFRED
Finding the right cyber security insurance policy for you at the right price has never been easier. This is made possible through our friendly, knowledgeable team of advisors who act as personal shoppers: taking you through the covers available and explaining the cost involved, so you can select a policy that both gives you peace of mind and suits your circumstances.
The moment you begin your journey with us you’ll start reaping the benefits. At InsuranceMarket.ae, we have great relationships with all the leading cyber security insurance companies in the UAE and our reputation and experience mean we get great products at great prices. Not only that, our partnerships with a range of fantastic local businesses mean that when you buy your policy with Alfred, you’ll get great money-saving discount vouchers sent to you too. From auto accessories to accident repairs, car valeting to personal grooming and auto-tuning to vocal tuning with music lessons and much more. You’ll enjoy benefits that can’t be bettered!