In today’s digital landscape, the threat of cyber incidents looms over businesses of all sizes, including startups. To safeguard your company from the devastating consequences of a cyber incident, it is crucial to have comprehensive cyber insurance in place.

At Lamda, we specialize in placing cyber insurance policies tailored to meet the unique needs of your business. Our expertise in the field allows us to work with leading insurance markets worldwide, ensuring optimal coverage for our clients.

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Who is Covered by Cyber Insurance?

Our cyber insurance coverage extends to your entire company, including its subsidiaries and employees. We understand the importance of comprehensive protection for every aspect of your business.

How Does Cyber Insurance Work?

Like comprehensive car insurance, cyber insurance provides first-party and third-party coverage. First-party coverage includes expenses for information recovery, event management, loss of revenue, extortion and ransom payments, insurable fines, and attorney expenses for regulatory investigations (such as GDPR and the Authority for the Protection of Privacy).
Third-party coverage safeguards your company against lawsuits and class actions filed as a result of a cyber incident. This can include claims for breach of privacy, intellectual property rights violations, and lawsuits related to libel and defamation.
Additional Coverages Provided by Cyber Insurance
In addition to the core coverage items, our cyber insurance policies may also include:

  • An initial response team comprising legal, IT, and PR personnel to manage the event and mitigate damages efficiently.
  • Customized coverage for specific cyber risks relevant to your business, ensuring comprehensive protection tailored to your unique needs.

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Why Do Startup Companies Need Cyber Insurance?

While cyber incidents pose a significant threat to large corporations, startups are equally vulnerable at the beginning of their journey. A cyber incident can have a catastrophic impact on a small company, potentially leading to irreparable damage. Every business must understand the potential harm of a cyber incident.
Choose Lamda for Your Cyber Insurance Needs
At Lamda, we have a proven track record of expertise in arranging cyber insurance coverage. We collaborate with leading insurance markets to secure the optimal insurance pass for our clients. We regularly review and adapt policies to match the risk level specific to your business.
Don’t leave your company’s future to chance. Safeguard your business with comprehensive cyber insurance from Lamda. Contact us today to ensure your business is prepared for any cyber threats that may arise.