What should I do if someone pretends to be my company (impersonation fraud) or me?
If someone pretends to be you or your business to steal money or harm your reputation, your cyber insurance can protect you. Make sure to report the incident to your insurer immediately.
- Impersonation coverage
This protects you from financial losses when someone uses your name or company identity to commit fraud. For example, if they send fake invoices to your clients pretending to be you, the policy will cover the loss.
Quickly notifying the insurer ensures they can guide you on the next steps and start the claim process.
Back to Cyber Insurance 101Will the policy cover extra expenses I have to pay after a cyber attack?
Yes, your policy can cover additional costs you incur because of a cyber attack, but you must inform your insurer right away.
What if my business is already making losses? Will the cyber policy help with those losses?
Yes, even if your business is not profitable, the policy will still cover your fixed expenses after a cyber attack. Let your insurer know as soon as the attack happens.
How long will the cyber policy pay for business losses after an attack?
The policy will pay for your business losses until your operations are fully recovered. Make sure to report the incident to your insurer immediately.
If a cyber attack causes me to lose money or profits, will the policy pay?
Yes, if your business loses profits because of a cyber attack, the policy can help. Be sure to notify your insurer as soon as possible.
I already have fire insurance. Will it cover losses caused by a cyber attack?
No, fire insurance does not cover cyber-related losses. To get protection for cyber attacks, you need a specific cyber insurance policy.
What happens if I lose my data because of a cyber attack?
If you lose your data due to a cyber attack, your policy will cover the cost of recovering or recreating it. It's crucial to inform your insurer about the incident immediately so they can guide you on the next steps.
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