Cyber Protect Business

Protecting your business against cyber risks

Overview

Cyber Protect Business is a cyber liability insurance product designed to help small and medium-sized businesses respond to and recover from cyber emergencies. The policy includes cover for financial loss, liability exposure, and incident management support — and incorporates Funds Protect as a standard benefit.

Cover is tailored for businesses with a turnover of under R500 million, and is available at multiple limit levels depending on risk profile and sector.

What is covered

What is covered — Cyber Protect Business

Who Is This For?

  • Businesses that rely on computer systems to operate
  • Organisations that store, manage, or process sensitive data
  • Companies transacting online or conducting EFT payments
  • Firms with annual turnover under R200 million (excluding healthcare and public administration entities)
Cover Limits
Available
R1 million
R2.5 million
R5 million
R7.5 million
R10 million
R15 million
All policies are subject to underwriting approval. Sub-limits with excesses apply.
Cover limits may vary by the industry sector and cyber exposure.

Main Benefits

Business Interruption Loss
100%
Multimedia Liability Claims
100%
Regulatory Expenses and Penalties
100%
Third Party Claims
100%
Emergency Response Costs
100%
Data Restoration Costs
100%
Cyber Extortion Costs
100%
PCI Fines and Penalties
100%
Funds Protect
10% - 15%

Key Features

Simple application form
Minimal underwriting questions
Low excess amount
Business Interruption Loss offered at 100% of the cover limit
Easy to understand product
User friendly approach to cyber liability
Funds Transfers include authorised and unauthorised transactions
Dedicated team of cyber specialists to mitigate losses during a Cyber Emergency
Premium Considerations

Premium Considerations

Premiums are influenced by the following factors:

  • Industry risk classification
  • Turnover bracket
  • Chosen cover limit
  • Cyber risk posture
Conditions of Cover

Conditions of Cover

  • All access devices must be protected by Internet Security Software
  • Up to date premiums
  • Documented account verification procedures for Funds Protect cover limits above R250 000

Refer to the full policy wording for complete terms, exclusions, and conditions of cover.

Want to Know More?

This product is distributed through licensed insurance brokers. If you'd like more information:

Email: enquiries@phishield.com

Send an Enquiry