Vero Cyber Insurance
Vero Cyber Insurance is a cyber insurance product underwritten by Vero Insurance New Zealand Limited (via Vero Liability) (Vero Insurance New Zealand Limited (Suncorp Group – Australia)), available in New Zealand. It is aimed at micro-companies and sole traders, small and medium-sized businesses, mid-market companies, large enterprises and multinational groups. Coverage limits reach up to Bespoke.. Policyholders get 1 bundled proactive service — Incident response — designed to reduce breach risk before a claim ever happens. The carrier holds an AM Best rating of Not rated by AM Best.. It is distributed through insurance brokers.
Product Details§ 01
Advantages & Limitations§ 02
Advantages
- Vero Cyber Insurance (via Vero Liability): specialist liability division cyber product for New Zealand commercial clients.
- Coverage: data breach response, BI loss, cyber extortion/ransomware, data recovery, Privacy Act 2020 notification costs, third-party network security and privacy liability, digital media liability.
- Part of Suncorp New Zealand (Suncorp Group, Top 50 ASX-listed, $33B assets); AA- (Very Strong) S&P financial strength rating.
- Claims payout rate: 97%+ of motor, house and contents claims in the five years to June 2024.
- Intermediated-only: distributed via New Zealand's broker and adviser network.
Contact & Response§ 03
Frequently asked questions§ 04
+Who is Vero Cyber Insurance designed for?
Vero Cyber Insurance by Vero Insurance New Zealand Limited (via Vero Liability) targets micro-companies and sole traders, small and medium-sized businesses, mid-market companies, large enterprises and multinational groups in New Zealand. Geographic scope: Asia Pacific..
+What proactive security services are included with Vero Cyber Insurance?
The policy bundles 1 proactive service: Incident response. These preventive services are typically included in the premium.
+Does Vero Cyber Insurance help with NIS2 or DORA compliance?
Vero Insurance New Zealand Limited (via Vero Liability) indicates the following NIS2/DORA support for this product: Not applicable..
+How can I buy Vero Cyber Insurance in New Zealand?
Vero Cyber Insurance is sold through insurance brokers — broker contact: https://www.veroliability.co.nz/. Compare it with alternatives in New Zealand on Ryskly before approaching a broker.