Hiscox CyberClear, BCR202301
What your cyber insurance covers
Full details of the Hiscox CyberClear policy (nº BCR202301), the product distributed by Inqase for Belgian SMEs.
First Party Coverage, your own losses
24/7 Assistance
IT expert, specialist lawyer and crisis communication team available with no deductible. Up to €15,000 of own services (expertise, communications) covered.
Cyber Extortion (Ransomware)
Coverage for ransom payment and resulting business interruption loss. Prior written approval from Hiscox required before any payment.
Regulatory Investigations & GDPR Fines
Legal fees for regulatory investigations and GDPR fines to the extent they are insurable under applicable law.
Personal Data Breach
Notification costs to the Data Protection Authority (DPA), dedicated call centre and 12-month identity monitoring for affected individuals.
Business Interruption
Loss of revenue and extra expenses. 24-hour waiting period (Standard tier). Maximum period: 30 days at daily rate (Standard) or 6 months (Enterprise).
Confidential Data Damage
Costs to recover and restore your own confidential data following a cyber attack.
Data Recovery
Coverage for restoration and reconstitution costs of data following a cyber incident.
Post-Incident Improvements
Up to 10% of the indemnified loss, capped at €10,000, to improve your security after a claim.
Fraudulent Charges
Telephone, cloud or electricity charges incurred fraudulently by a third party within 60 days of the attack.
Third Party Coverage, third-party damages
Security / Personal Data Liability
Your civil liability for a leak of personal data belonging to clients or partners following an intrusion into your systems.
Digital Media Liability
Your liability if a hacker modifies the content of your website or social media without your knowledge.
Third-Party Confidential Data
Coverage of your liability in the event of disclosure of confidential data belonging to third parties.
Virus Transmission / DDoS
Your civil liability if your systems unintentionally transmit a virus or are the source of a DDoS attack against a third party.
Mixed coverage
Cyber Fraud
Social engineering, phishing and fraudulent bank transfers. Sub-limit of €50,000 per claim.
Deductibles & limits
| Plan | Deductible | Available limits |
|---|---|---|
| Standard (Revenue ≤ €2.5M) | €1,000 | €250,000 / €500,000 / €1,000,000 |
| Enterprise (Revenue > €5M) | €5,000 | €500,000 / €1,000,000 / €2,000,000 |
Main exclusions
- Cyber warfare and state-sponsored cyber operations
- Wilful misconduct by the insured
- International economic sanctions
- Ransom payment without prior Hiscox approval
- Intentional criminal acts