Cyber Insurance

What Does a Cyber Risk Insurance Policy Include?

Our policy is structured to provide end-to-end protection:

• Immediate Incident Response – Providing coverage without a deductible for the first 48 hours. This includes initial consultations with information security experts, legal advisors, and crisis management specialists.
• Privacy & Data Breach Liability – Protection against liability arising from data leakage or breaches of privacy regulations.
• Notification & Response Costs – Covering the expenses associated with notifying affected parties and regulatory authorities.
• Regulatory Investigations – Coverage for legal expenses and fines, where insurable by law.
• Cyber Extortion & Ransom – Coverage for ransom demands and specialized negotiation services.
• Business Interruption – Coverage for loss of income and expenses incurred to prevent further financial loss during system downtime.
• Electronic Media Liability – Protection against claims of defamation, libel, and copyright infringement.
• Reputation Protection – Funding for public relations efforts to restore public trust.

It is important to note that standard policies – such as general business insurance, professional liability, or D&O insurance – often do not cover cyber attacks. Without a dedicated cyber policy, businesses may be left entirely exposed.

Advantages of Cyber Insurance for Your Business

• Holistic Protection – Covers both direct losses to your business and legal liabilities to others.
• Crisis Response Capabilities – Transfers a significant portion of the risk to the insurer, providing you with access to expert response teams.
• Cloud & Third-Party Exposure – Even companies that rely on external cloud storage or IT providers face significant exposures that require insurance.
• Accessible & Affordable – Cyber insurance is a cost-effective solution and is often more affordable than businesses assume.

Why Choose Madanes for Cyber Insurance?

Madanes is Israel’s largest independent insurance agency, with over 50 years of experience serving thousands of corporate and private clients. The Madanes Cyber Insurance Department is a leader in the field, specializing in structuring tailored policies that protect your business against the evolving risks of the digital landscape.