System Damage & Business Interruption
⇒ System Damage and Rectification Costs
The Insurer reimburses the client for the additional cost of employing:
- Contract staff or overtime costs for employees to rebuild your data, including the cost of data re-entry or data re-creation;
- Specialist consultants, including IT forensic consultants, to recover your data or applications;
- specialist consultants or overtime costs for employees working within clients’ IT department to reconstitute your computer systems to the position they were in immediately prior to the cyber event;
⇒ Direct Loss of Profits & Increased Cost of Working
The Insurer agrees to reimburse the client for client's direct loss of profits and increased cost of working during the indemnity period as a direct result of an interruption to clients' business operations caused by computer systems downtime arising directly out of a cyber event or system failure which is first discovered by the client during the period of the policy, provided that the computer systems downtime lasts longer than the waiting period.
⇒ Dependent Business Interruption
The Insurer agrees to reimburse the client for clients' direct loss of profits and increased cost of working sustained during the indemnity period as a direct result of an interruption to clients' business operations arising directly out of any sudden, unexpected and continuous outage of computer systems, used directly by a supply chain partner which is first discovered by the client during the period of the policy, provided that the computer systems downtime lasts longer than the waiting period and arises directly out of any cyber event or system failure.
BALKAN INSURANCE BROKER (PLC)
Balkan Insurance Broker (PLC)
Address: floor 9, 2A, Klokotnitsa St. business building IVEL, 1202 Sofia, Bulgaria
Phone: + 359 2 917 98 60, Email: cyberins@zbkbalkan.com
ADVANCED VISION IT - BULGARIA
Advanced Vision IT LTD
Address: 35 Dimitar Hadzhikotsev str. Ent A, Lozenets, Sofia, Bulgaria
ID No: 205789039, VAT No: BG205789039
Phone: +359 888 258 530, Email: office@advisionit.com
FREE CYBERSEC CONSULTATION FREE INSURANCE CONSULTATION