Zurich North America names new Head of Professional Liability & Cyber
Veteran Zurich underwriter Kara Higginbotham to lead team of underwriters serving large corporate and middle market customers.
Cyber insurance for business: Protect your company from cyber threats
Cyber insurance helps protect your company against information security risk and helps mitigate financial loss. Exposures include pervasive security threats like cyber extortion exfiltration and compromise of personal information, social engineering fraud, malicious acts of rogue employees, and other events that can damage your computer system, corrupt your digital assets, and impact your company’s reputation, good will and the bottom line.
Why choose Zurich for cyber insurance?
Zurich’s Cyber Insurance policies provide real solutions for the cyber risks customers face. Our comprehensive coverage solutions and dedicated cyber professionals help customers respond rapidly to the impacts of cyberattacks. We have the flexibility to write both primary and excess coverages.
Zurich’s Cyber Insurance policies provide real solutions for the cyber risks customers face. Our comprehensive coverage solutions and dedicated cyber professionals help customers respond rapidly to the impacts of cyberattacks. We have the flexibility to write both primary and excess coverages. Cyber risk is a global concern. The security event affecting your company today may have been launched hours, minutes, or days earlier from the other side of the world. Zurich’s global footprint, expertise, and knowledge base allow us to coordinate a vast reservoir of cyber data to deliver rapid responses to affected customers.
-
Who needs cyber insurance?Today, business is digital and highly reliant upon technology to operate efficiently and deliver services to clients, which means companies are increasingly vulnerable to cyber events from email phishing and social engineering to ransomware and other perils, which can give rise to significant expense, downtime, loss of production, and business income loss. If your business depends on computer systems and other digital resources to serve customers, connect with vendors, manage payrolls, administer employee benefit programs, and store sensitive user and customer information, you need cyber insurance.
-
What are the risks of doing business online?
Cybercriminals are becoming more aggressive and innovative every day, increasing the threat environment for companies of all sizes and industries. A major, 2022 cybersecurity industry survey1 reported:
- 83% of companies surveyed reported at least one data breach
- $4.35 million was the average total cost of a data breach
- 11% of attacks were from ransomware, averaging $4.54 million per event
From malware attacks and social engineering scams to data breaches via the Internet of Things and mobile devices, what all cybersecurity events have in common is that they are more than challenges to network security. They are full-blown risk management threats that demand innovation, resilience, and holistic solutions to mitigate against the significant, potentially long-lasting damage from a hack or data breach on your company. Following a hack or data breach, companies are also vulnerable to class action litigation and investigations from regulatory agencies.
- Cost of a Data Breach Report 2022. IBM Security
Note: Use of the hotline does not replace notification and reporting obligations under your insurance policy. Notify Zurich’s Customer Care Center at 800-987-3373 or usz.cyberclaims@zurichna.com as soon as possible to report the cyber event. A cyber claims attorney will be assigned to assess coverage under your policy.
Schedule your free
onboarding session
Zurich policyholders can request a complimentary onboarding session with Zurich Resilience Solutions by email: cyberRE@zurichna.com
News and Insights
Zurich Insurance earns top honors for customer relationship program
The 2024 SAMA Excellence Award recognizes Zurich’s global customer relationship management as outstanding, not only in the insurance sector, but across industries. It’s the second win for Zurich.
Climate, cyber and AI insights emerge from Chicago risk summit
Zurich North America and WTW co-sponsor first-of-its-kind Risk, Growth, and Resilience Summit with Executives' Club of Chicago, featuring Ann Chai, Jane Rheem and Jarrett Kolthoff.
