Cyber Insurance
Cyber Insurance is a cyber insurance product underwritten by CyberContract (Stoïk SAS (France)), available in Belgium. It is aimed at small and medium-sized businesses. Coverage limits reach up to Up to €10M; bespoke above.. The policy extends beyond standard cyber liability with Cyber crime / FTF. Policyholders get 7 bundled proactive services — Vulnerability scanning, Penetration testing, Phishing simulation and Training & awareness, among others — designed to reduce breach risk before a claim ever happens. The carrier holds an AM Best rating of N/A – MGA (risk carrier: Tokio Marine HCC Intl, A+). The product signals support for NIS2/DORA regulatory requirements. It is distributed through insurance brokers.
Product Details§ 01
Advantages & Limitations§ 02
Advantages
- CyberContract: Belgium's pioneer cyber insurer (founded 2014); acquired by Stoïk in September 2025 — now operating under Stoïk's product and infrastructure.
- Post-acquisition capacity: maximum guarantee increased from €3M to €10M; insurable revenue ceiling raised from €150M to €1B (matching Stoïk's European standard).
- New coverages added post-acquisition: CEO fraud, cloud overbilling, PCI sanctions, IT equipment replacement costs.
- Coverage: cyber attack response, BI loss, data breach RC, ransomware/extortion, GDPR notification, legal costs, IT forensics.
- Incident hotline: first player in Belgium to offer a dedicated cyber hotline; initial response within 8 hours; costs covered up to €25,000 even if claim not ultimately accepted.
- Network: 150+ Belgian independent broker partners; 1,000+ companies in portfolio pre-acquisition.
Limitations
- SME-only product; coverage subject to revenue and limit thresholds (see threshold column).
Contact & Response§ 03
Frequently asked questions§ 04
+Who is Cyber Insurance designed for?
Cyber Insurance by CyberContract targets small and medium-sized businesses in Belgium. Geographic scope: EU / EEA..
+What proactive security services are included with Cyber Insurance?
The policy bundles 7 proactive services: Vulnerability scanning, Penetration testing, Phishing simulation, Training & awareness, Risk assessment, Incident response and Crisis management. These preventive services are typically included in the premium.
+Does Cyber Insurance help with NIS2 or DORA compliance?
CyberContract indicates the following NIS2/DORA support for this product: NIS2 and DORA compliance advisory included..
+How can I buy Cyber Insurance in Belgium?
Cyber Insurance is sold through insurance brokers — broker contact: https://www.cybercontract.eu/en/become-a-partner. Compare it with alternatives in Belgium on Ryskly before approaching a broker.