Contrary to common misconception, it’s not just large multinational companies that are at risk of cybercrime. In today’s digital world, all organisations, big or small, including SMEs, are at risk of a cyberattack. The rapidly escalating frequency and complexity of cybercrime make it difficult for even the most sophisticated security measures to keep up. Santam is a leading specialist cyber insurer, and we understand the far-reaching consequences this ever-expanding cyber risk could have on a business owner. Santam offers tailor-made comprehensive cyber, privacy and media insurance solutions for small to medium-sized enterprises (SMEs).
Ongoing advice from experts
Cybercrime is a complex and continuously evolving risk that requires constant attention. Our expert intermediaries educate clients about the ever-changing risks, as well as the benefits of cyber insurance. That’s why we ensure they are well-versed in the latest developments.
Expertise to help you protect your business
We help businesses reduce and manage their risks, and if disaster strikes, we get them up and running again as quickly as possible. In an ever-changing risk environment, it is essential to stay one step ahead. We continually innovate to ensure our products remain relevant to our clients’ needs.
Expert solutions for small to medium-sized businesses
Our innovative, comprehensive solutions are designed to help owners of small to medium-sized businesses who, due to cyberattacks, may suffer the loss, compromise, or theft of electronic data that can negatively impact their organisation, including reputational damage.
Santam’s bespoke cyber insurance offers innovative, practical solutions for small to medium-sized enterprises with up to 100 employees and an annual turnover of up to N$20 million.
Once a breach occurs, there are a range of expenses to get the business back on track. These expenses cover costs to restore data and appoint specialists such as investigators, forensic auditors and loss adjusters.
We will pay you the value of reduced net profit the business suffered during an interruption caused by a cyber incident.
The reputation of a business can be fragile. This covers the costs of a public relations consultant or related advertising expenses to repair any reputational or material brand damage.
This covers the legal defence costs as well as the amount of the fine or penalty itself.
With the use of websites, social media and electronic media, there is always a risk of copyright or defamation allegations. This covers any resulting legal defence costs, legal liability, public relations costs, and claims expenses.
When a network security breach leads to theft of funds, this covers you for any money illegally taken from you.
When breaches happen, there are costs to notify affected parties and monitor any possible identity theft. The policy covers the related expenses incurred.
Should your data or system be locked, or you are threatened by cyber extortionists, we cover the cost of the investigation and the payment of monies (where legally permissible).
Brokers are key in driving cybercrime awareness. They have an important role to play in educating clients about the benefits of cyber insurance and explaining how the cover works. Such knowledge and expertise are invaluable in the complex and relatively unfamiliar world of cybercrime.
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