Cyber Insurance
- IT, PR and legal experts on hand 24/7 to provide assistance in the event of an incident
- Any damage and recovery costs incurred after a cyber incident will be reimbursed
- Financial loss also covered
If you want to protect your company against cybercriminals and data breaches, KBC Cyber Insurance will give you all the protection you need! We’ll reimburse your recovery costs and call in specialists who’ll get you up and running again quickly after a cyberattack.
What are the benefits of KBC Cyber Insurance?
Cybercrime can be found everywhere nowadays. From the moment your company starts using the Internet and computers, you’re a potential target. Market research by VLAIO shows that half of companies in Flanders have fallen victim to cybercriminals.
The financial losses caused by a cyberattack are often so high that the majority of companies are unable to bear them alone. Proper insurance can offer recourse.
What is KBC Cyber Insurance?
KBC Cyber Insurance is a form of property insurance that will protect your company against the consequences of hacking, data breaches, cyberattacks and system intrusion, even if you or your staff were responsible for them.
1. Reimbursement of recovery costs
We cover any costs that need to be incurred, such as for the recovery of your network when it has been damaged by hackers.
The same applies if you incur administrative penalties by infringing privacy legislation due to an oversight by a member of staff, or if funds are stolen from your account when you’ve been hacked.
2. Assistance in the event of a cyberattack or data breach
If you urgently need assistance, you can count on our Cyber Insurance Helpdesk team of specialists, 24/7. We’ll call you back within two hours with a recovery proposal. In the event of an emergency, we’ll immediately dispatch an IT specialist.
If you need a PR specialist or a legal adviser – for example, on account of lost customer data or infringements of GDPR legislation – you can also count on us.
3. Business interruption (optional)
If you’ve lost income because a cyberattack rendered your web store unavailable or caused your machinery to malfunction, this optional cover will entitle you to compensation and help you get back on your feet again.
Exclusive offer: free prevention scan by SecureMe2
Because prevention is better than cure, you can have a free prevention scan carried out by our partner SecureMe2 up to two months after your KBC Cyber Insurance commences.
Your network will be screened and you’ll receive no-obligation advice on how to better protect your company against cybercrime.
Interested in the prevention scan?
The network scan is not part of KBC Cyber Insurance, so you’ll not be contacted automatically to carry one out. If you’re interested, you can contact SecureMe2 directly using the e-mail address you received when you took out your insurance contract.
Why take out KBC?
- Up and running again quickly after a cyberattack or data breach
- Comprehensive team of specialists to recover your network or compensate losses (IT, PR, and legal specialists)
- Helpdesk available 24/7
What’s covered?
Loss or damage caused by cybercrime
- Hacker damage
- Cyber extortion (ransomware or cryptoware)
- Cyber fraud
- Additional costs if you get hacked
- Data theft
- Business interruption (optional)
24/7 assistance in the event of a cyberattack or data breach
We’ll cover any reasonable and necessary costs incurred for the following:
- IT specialists
- Crisis consultants
- Legal consultants
Loss or damage you cause to others
- Infringement of privacy legislation (GDPR)
- Unfair competition or misleading business practices
- Content (on a digital communication channel) that gives rise to a claim
What’s not covered?
- Costs incurred for defence against claims if they are not covered and costs incurred without our prior approval
- Costs exceeding the maximum amount covered
- Lotteries and gambling
- Wars or nuclear reactions
- Malfunctions or service interruptions
- Fines
The complete list of exclusions can be found in the General Conditions.
More things you need to know
- KBC Cyber Insurance is a form of property insurance
Insurance cover under this policy is valid for a term of one year and is tacitly renewed unless you cancel it no later than three months before the main renewal date.
For policies taken out or tacitly renewed on or after 1 October 2024, you have up to two months before the main renewal date to cancel them.
- Your intermediary is the first point of contact for any complaints you may have. If no agreement can be reached, please contact KBC Complaints Management, Brusselsesteenweg 100, 3000 Leuven, complaints@kbc.be, tel. 016 43 25 94, fax: 016 86 30 38. If you cannot find a suitable solution, you can contact the Belgian insurance industry's ombudsman service: Ombudsman van de Verzekeringen, de Meeûssquare 35, 1000 Brussels, info@ombudsman-insurance.be, www.ombudsman-insurance.be.
This does not affect your legal rights.
- You can obtain a quote for KBC Cyber Insurance by contacting your KBC Insurance intermediary.
KBC Cyber Insurance is a product provided by KBC Insurance NV – Professor Roger Van Overstraetenplein 2 – 3000 Leuven – Belgium.
- VAT BE 0403.552.563 – RLP Leuven – IBAN BE43 7300 0420 0601 – BIC KREDBEBB
- Company licensed by the National Bank of Belgium, de Berlaimontlaan 14, 1000 Brussels, Belgium, for all classes of insurance under code 0014 (Royal Decree of 4 July 1979, Belgian Official Gazette of 14 July 1979).
Member of the KBC Group
