Cyber Crime/Internet Fraud

Fidelity guarantee insurance has been on the market for decades and has been adapted by insurers to meet all current risks which businesses nowadays face on a daily basis due to the sensitivity of hard and software, and the interconnectedness through the internet.

Initially, fidelity guarantee insurance only covered deliberate acts of embezzlement, misappropriation, and fraud by own employees. Over time this has been expanded to include internet criminality, along with attempted fraud by third party outsiders, which is also covered.

Keywords here are, for example, damages caused by hackers with or without gain, „fake president“ damages, „man in the middle“ scenarios (fraud through access to electronic communication between businesses), and „payment diversion fraud“ cases (diversion of payment streams). The fidelity guarantee insurance covers prevalent crime.

Additionally, there are cyber policies whose emphasis is on liability, business interruption, and assistance.

We will gladly work out a suitable concept for you and invite offers according to the risks that you need covered. We will also happily take a look at existing contracts, which often just need to be brought up to date with an additional cyber policy.

We work together with many insurers. For quick decision-takers, you can find here a rate calculator from VHV for the VHV Cyberprotect Policy. With just a few clicks you can see costs and insurance amounts. You can also take out a policy directly online. Even when taking out a policy online we will remain continously available to you as advisor and contact partner as long as long as the cyber policy exists.