Cyber attacks are a growing threat, and traditional insurance often falls short—slow claims processing, complex coverage conditions, and exclusions leave businesses vulnerable. Descartes’ Parametric Cyber Shutdown Cover is designed to change that.
Descartes has developed an exclusive parametric cyber insurance solution powered by a proprietary risk model. Our approach ensures fast and hassle-free indemnification as soon as an intrusion is detected within the insured’s IT systems.
Every policy includes coverage for crisis response costs and business interruption, with the option to add cyber liability protection for enhanced security.
Why Choose Descartes’ Parametric Cyber Insurance?
- Comprehensive Cyber Protection: Covers crisis management costs and business interruption. Cyber liability can also be bought as an option.
- Fits Any Cyber Program: Available as primary, excess (XS) coverage, or integrated into more sophisticated risk transfer structures like captives or virtual captives.
- Covering the Uninsurable: Also protects against unconventional risks, such as contractual penalties and perishable goods losses, often excluded in traditional policies.
- Tailored Policies: Fully customizable coverage, including waiting periods, daily indemnity, or cyclical activity considerations.
How It Works
1️⃣ Incident Detected – A cyber intrusion is identified in your IT systems.
2️⃣ Certification & Response – 24/7 crisis response team verifies the event and activates recovery.
3️⃣ End of Shutdown – Once systems are restored, indemnification is calculated.
4️⃣ Fast Payout – Payment is sent within days, ensuring financial stability for your business.
Want To Learn More?
Download our detailed product sheet (PDF) to see it in action and explore how our parametric cyber solution can safeguard mid-to-large sized businesses.
