Baloise Launches Cyber Insurance for SMEs

Following the availability of cyber insurance for individuals, Baloise is now offering coverage for SMEs.

The new insurance, which can be taken out online, covers the costs of everything – from identifying the causes of data losses to restoring data and potential business interruptions. The policy also includes crisis communications and PR consultancy. In the event of a cyberattack, Baloise supports clients in three ways: (1) IT experts provide 24 hour support over the phone, (2) experts connect remotely to the insured’s system to solve most of the problems, and (3) a specialist provides on-site support to resolve any remaining issues. In addition, Baloise offers prevention training in various areas of cybersecurity.