Cyberattacks are among the greatest business risks of the 21st century. According to estimates, over 90 percent of companies are affected by cyberattacks every year, and the potential financial losses are significant.
Appropriate cyber insurance reduces the financial consequences of an attack and supports a robust cyber-risk strategy. It is essential to protect yourself against these growing threats.
Protection against the loss of sensitive information.
Protection against loss of income due to operational disruptions.
Coverage of ransom demands by cybercriminals.
Coverage of third-party claims arising from data breaches.
Support in restoring a company’s reputation.
Coverage of restoration costs and possible fines.
An architecture firm with around 20 employees receives an e-mail from an alleged client. The attachment supposedly contains updated construction plans – but in fact it is malware. After opening the e-mail, all systems are encrypted within minutes.
Operations come to a standstill: no access to CAD software, project documentation, calendars, or e-mail. A ransom demand appears on the screen – to be paid in cryptocurrency, within 48 hours.
No project work, no communication with clients, deadlines cannot be met.
A contractual penalty loomed and was only narrowly avoided.
Withdrawal or reduction of contracts, fewer referrals, more difficult collaboration.
Thanks to an existing cyber insurance policy, some external costs could be covered – but not all. In particular, business interruption was insufficiently insured.
The lesson: Technical prevention alone is not enough – and when it comes to insurance, what matters is how well it matches the actual risk situation.
With support from smzh ag, coverage was completely redesigned after the incident – individually, independently, and focused on operations, not just standard solutions.
In today’s digital world, SMEs are increasingly exposed to cyber risks. They have the potential to cause serious financial and operational damage. A carefully selected cyber insurance policy can help strengthen SMEs’ resilience against cyber threats.
“Companies should take proactive measures to manage their cyber risks and protect themselves with appropriate insurance. It is important that, in addition to insurance, you establish efficient cyber-risk management in order to gain the full benefit from your cyber insurance. This includes regular security reviews and training your employees to reduce the likelihood of cyberattacks.”
We deal with these and many other questions every day. You don’t have to grapple with them alone, because our 360° Check-Up is free of charge and non-binding.
A policy that protects Swiss SMEs against the financial consequences of cyberattacks such as data loss, business interruption, extortion, and liability claims.
Depending on the policy: restoration of data and systems, compensation for loss of earnings, support in cases of cyber extortion, defense and settlement of third-party claims, and reputation protection.
For any SME with digital processes or customer data, particularly where there is e-commerce, remote work, networked systems, or regulatory obligations.
Start with a risk analysis, compare offers by sum insured, deductible, and exclusions, and obtain our independent advice.
No. Maximum effectiveness is achieved when combined with cyber risk management such as regular security checks, training, and clear incident processes.
Independent expertise, industry know-how, and a holistic approach ensure tailored cyber insurance solutions for SMEs in Switzerland.
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