As a business owner in Uganda, it’s essential you protect your operations against today’s ever-evolving cyber threats. That’s where GoldStar Cyber Crime Insurance comes in.

GoldStar’s Cyber Crime insurance policy is designed to defend your business from a myriad of Internet-based risks and IT infrastructure-related dangers.

Our Cyber-Crime insurance is a specialised insurance product designed to help organisations mitigate the financial risks associated with cyberattacks, data breaches, and other cyber-related incidents. This insurance provides coverage for a variety of costs that can arise from such events as mentioned below:

Data Breach Response

Notification Costs

This covers the expenses associated with notifying affected individuals and regulatory bodies of a data breach.

Credit Monitoring and Identity Protection

It provides services to monitor the credit and protect the identity of affected individuals.

Crisis Management and Public Relations

This covers the costs of managing the public relations response to a breach, including hiring PR firms and managing the communication strategy.

Legal And Regulatory Costs

Legal Defense

Covers legal expenses associated with defending against claims and lawsuits resulting from a cyber incident.

Regulatory Fines and Penalties

Provides coverage for fines and penalties imposed by regulatory bodies due to non-compliance with data protection laws.

First-Party Losses

Business Interruption

This provides compensation for lost income and extra expenses incurred due to a cyber event disrupting business operations. In case of any computer system failure or network security breach leading to income loss, we’ve got you covered for the expenses incurred during the interruption period.

Data Restoration and Recovery

This covers the costs of restoring and recovering data that has been corrupted, deleted, or rendered inaccessible due to a cyberattack. We cover the costs to restore lost, corrupted, or destroyed data after a system or network failure.

Extortion and Ransomware

This offers coverage for ransom payments and related expenses in the event of a ransomware attack.

Third-Party Liability

Network Security Liability

Covers liability for damages resulting from a failure to prevent a cyberattack that affects third parties.

Privacy Liability

Provides coverage for claims arising from the unauthorized access, disclosure, or misuse of personal or sensitive information.

Media Liability

This covers claims related to defamation, copyright infringement, and other media-related risks that can arise from online content.

Fraud And Theft

Funds Transfer Fraud

This protects against financial losses resulting from fraudulent transfer of funds due to cybercriminal activity.

Social Engineering Fraud

It covers losses from deceptive practices used by cybercriminals to manipulate employees into divulging confidential information or transferring funds.