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.
• 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 adminstration entities)
Premiums are influenced by the following factors:
• Industry risk classification
• Turnover bracket
• Chosen cover limit
• Cyber risk posture.
• 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
Want to Know More?
This product is distributed through licensed insurance brokers. If you’d like more information:
Email: enquiries@phishield.com
