Cyber insurance: These providers exist in Switzerland

Not every insurance company offers cyber insurance. In Switzerland there are so far only a few providers who offer protection against cyber attacks, and not all of them can be taken out as individual insurance policies.

These insurers are currently available:

 

providers
Solution in comparison
alliance
An online and purchase protection letter is offered, this must be taken out in addition to the normal household contents insurance. All normal risks are insured here, but possible data loss is not included. A deductible is not necessary, the insurer offers a cash advance of CHF 2,000 in the event of theft or robbery. Legal protection applies worldwide.
AXA-ARAG
This cyber insurance can be taken out as an individual insurance and also excludes damage due to data loss. The amount of the costs to be reimbursed is capped. Alternatively, an additional insurance to an already existing legal protection insurance can be taken out with the same provider. The maximum sum insured is then up to one million Swiss francs for the entire insurance year. However, coverage for possible data loss is not possible.
Baloise
Baloise offers real cyber insurance, which the provider also bears this name and is not limited to legal protection benefits. The insurance can be taken out independently of other products and can be booked in different variants. Loss of data is included here; compensation payments are also granted for other damages such as card misuse or personal injury, which are not limited to pure legal protection as with the first-mentioned providers. Depending on the insured event, however, legal protection is included.
The furniture
This insurance offered a cyber protection service package that can only be taken out in combination with household insurance and is therefore aimed at private individuals. The? Classic? or? family? can be booked, legal protection insurance is included up to a damage amount of CHF 20,000. A deductible is not necessary.
Generali
Generali also offers cyber insurance, which can be booked as individual insurance or as a supplement to household insurance. The deductible is agreed here with 10 percent, at least 50 euros per claim must be paid by yourself. Protection in the event of data loss, assumption of costs in the event of financial loss and limited legal protection costs are regularly included with this provider. Legal protection costs are limited to CHF 10,000 per claim.
Groupe Mutuel
This provider also offers individual insurance without a deductible. Assumption of damage in the event of data loss is not possible; unlimited legal protection is possible if Dextra experts take over the case. Otherwise, CHF 10,000 is the upper limit for legal counsel, although this can only be used in connection with damage to personal rights and for online contracts.
Zurich
Züricher Versicherungsgesellschaft AG offers cyber insurance that companies can take out separately. Loss of data and the involvement of experts are taken over, and our own experts are available around the clock to advise on cyberattacks.
Helvetia
Like other insurers, Helvetia now also offers cyber insurance; the benefits can be compared with those of Zurich Versicherung. In addition, Helvetia offers security checks for companies as well as security training for employees of customer companies.
Chubb Insurance
This insurer offers a particularly comprehensive service package for corporate customers. All the usual cybersecurity services are included, plus there is also a service for online media liability and expenses for regulatory liabilities. A specialized cyber emergency team is also available.
Markel Insurance
The insurer has a branch in Zurich and offers tailor-made insurance protection for freelancers, the self-employed and SMEs. The deductible is set here at CHF 500 per claim, the insurance cover applies worldwide.

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