Cyber
From a lost device to a deliberate cyber-attack, iTOO Cyber Insurance provides your business with access to expert knowledge and resources in managing a cyber incident.
Designed to cover the resultant costs and damages from a privacy breach or a network security breach, a cyber insurance policy covers what has previously been uninsurable providing comprehensive first and third-party coverages with an expert incident response process.
Far broader than the name cyber would imply, our policy extends to cover numerous incidents including but not limited to:
Our comprehensive offer
Our comprehensive cyber insurance policy can be specifically tailored to your requirements.
Clever insurance for clever people
Comprehensively protect your business against any cyber threat.
Ask your insurance broker to contact us for a quote for your commercial cyber cover. Don’t have a broker and want us to recommend possible FAIS registered brokers trained in our products? Find a broker or contact one of our experts.
These are all the things you’ll need to complete a Commercial Cyber proposal form:
For companies with a turnover above R250m or companies which do not meet the iTOO Go qualifying criteria.
For companies with a turnover above R250m or companies which do not meet the iTOO Go qualifying criteria.
For qualifying companies with revenue below R250m our iTOO-GO offering with simplified underwriting and pre-underwritten rates.
Speed, efficiency and experience is critical to reducing the exposure, costs and reputational damage. With iTOO’s Cyber Insurance Policy you are assured of access to highly acclaimed expert resources including experienced cyber mitigation and incident response specialists with a local presence and proven capabilities.
Attacks such as ransomware are indiscriminate and can affect any company and every industry. Smaller companies are often a target for hackers particularly if they are found to have less sophisticated IT infrastructure. Smaller companies can be severely impacted following a breach as they are required to absorb the high incident response costs. Compromises at larger companies tend to yield larger data sets for theft and break into the news, which can boost a hackers’ reputation.
There are many ways to mitigate the risk of cyber threats such as staff education, encryption, bring-your-own-device policies and password policies, however, even the most diligent businesses can be exposed to a cyber-attack.
Having the latest technology, firewalls and encryption will reduce the risks of a breach occurring however, many cyber threats originate internally from employee mistakes (misplacing a laptop, or not disposing of confidential information securely). Having state of the art protection is not a 100% guarantee against an incident occurring.
You are the custodian of the data and remain responsible for any data lost in a breach. Look to use a cloud service provider that can provide reasonable assurance that your data will be protected, however, there is still a chance your business could be held liable for data compromised from the cloud environment (the same would apply for other outsourced providers you make use of and share data with).
A cyber insurance policy provides the most comprehensive cover for system and data related risks.
A fully completed proposal form would be required in order to provide you with a quote.
8 February 2024 • Ryan van de Coolwijk
iTOO Special Risks, a leading specialty insurer providing amongst others comprehensive cyber insurance solutions in South Africa, has concluded a...
1 November 2023 • Ryan van de Coolwijk
Cybercrime costs more per year globally than all natural disasters – in fact, it’s now even more profitable than the...
15 October 2023 • Ryan van de Coolwijk
Cyber security can seem like an incredibly abstract issue – until a breach takes place and the virtual becomes reality very...
Company Registration No. 2016/281463/07. FSP No. 47230 | Address: Villa Arcadia, 22 Oxford Road, Parktown, 2193 (entrance on 1 Federation Road)
Underwritten By The Hollard Insurance Company Limited (Reg. No. 1952/003004/06), A Licensed Non-life Insurer And An Authorised Financial Services Provider.
