R+V launches new cyber insurance: higher amounts, better protection!

R+V launches new cyber insurance: higher amounts, better protection!

R+V has significantly revised its cyber insurance for companies and now even offers coverage for companies with a turnover of up to 25 million euros. Previously this limit was 10 million euros. This expansion of the target group is particularly important for medium-sized and larger companies, which are often exposed to an increased risk of cyber attacks. Loud Insurance Journal In addition, the insured sums were increased and the compensation benefits in the event of business interruption were improved.

In addition to the increase in annual net sales, the liability period for compensation payments in the event of business interruption was increased from three months to twelve months. The time deductible was also reduced from 48 to six hours, which significantly improved the conditions for the insured. The optimization of the distinction from fidelity insurance is another significant change.

Optional discounts and improvements

Companies that switch their cyber risk insurance from another provider to R+V benefit from a discount of up to 20 percent. In addition, in combination with existing cyber insurance, you will receive a further discount of 20 percent on fidelity insurance. With regard to IT service providers, such as IT consultants and software houses, coverage of up to 100,000 euros can be selected, with the total insured amounts being up to one million euros, or even up to two million euros if desired.

R+V's cyber insurance also covers damage caused by cyber attacks, data loss and system failures. Financial losses due to business interruptions are compensated, as are costs for IT forensics. Transparent advice emphasizes that the insurance now also includes preventive measures and support from IT experts in the event of damage.

Contributions and flexibility

The tariffs are affordable; companies can take out cyber insurance for just 19.91 euros per month. Policyholders have the option of setting the insured sum between 25,000 euros and 500,000 euros. R+V has provided exemplary monthly contributions for various industries:

The company received a rating of “good” in a 2024 cyber insurer fairness survey. This survey was based on the opinions of 1,472 customers across a total of 24 insurers. However, flexibility for smaller businesses remains limited, which is a critical point for those seeking a tailored solution.