In a public interview held by media recently, the spokesperson of Qian Insurance Broking said, “Qian Insurance Broking provides risk mitigation solutions by way of insurance, and we have tied up with top insurance companies to provide the best solutions for our clients.

Cyber Risk has emerged as one of the top risks facing Indian businesses today. Many businesses have faced substantial losses because of data breaches and because their network systems have been compromised.

The team at Qian has worked actively with its clients to secure them from Cyber Risks with a cyber liability insurance policy. A Cyber Insurance reimburses insured parties for any financial losses resulting from the breach of their network systems. The policy covers both, the first-party losses and the third-party losses.”

A cyber risk or threat is the potential of loss, harm, or disruption resulting from the attacks on information systems. It is something that results from the breach of internet-enabled devices like mobile phones, tablets, desktops, laptops, or anything that has access to the Internet. With the increasing digital transformation of society, it has become easy for hackers to exploit the vulnerabilities of such digital devices and use this opportunity to steal data and money.

A Comprehensive Cyber Insurance Policy Coverage provides reimbursement against losses emanating from such data breaches. The cyber insurance policy price in India is also reasonable and affordable and hence it makes a lot of sense for businesses to secure themselves with a .

The spokesperson further stated, “No business in today’s times can work completely without the online networks. However, conducting business online has its share of risks. The incidents of data breaches can cause immense reputational and financial damage for businesses. Apart from that, there have been incidents of cyber-attacks like NotPetya and WannaCry, which injected malicious malware into thousands of computers across the world. As such incidents are only bound to increase in future; we suggest our clients to avail a comprehensive Cyber Security Insurance Policy.”

Cyber Insurance Coverage includes first-party liability covers, including e-theft loss, e-communication loss, e-threat loss, e-vandalism, and e-business interruption. The policy also covers expenses like privacy notification costs, credit monitoring costs, crisis management expenses, reward expenses, and forensic costs. The third-party liability coverage includes disclosure liability, conduit liability, impaired access liability, content liability and reputational liability.

About Qian Insurance Broking LLP:

Qian Insurance Broking offers customised insurance solutions to people and businesses. Qian has a team of experienced advisors with specific domain knowledge to guide its clients on the most appropriate solutions for their needs. A dedicated account manager takes care of each of its clients. Whether the client wants to  buy cyber insurance in India or requires health insurance, the broker delivers effective assistance in all cases.