Fairfirst Cyber Insurance offer safety net for your home and business against cybercrimes.

Fairfirst Insurance is the market leader in cyber-insurance, having launched this product last year and has already some leading banks and financial institutions as their clients, the company said in a media release.

This cyber-insurance from Fairfirst, is designed to help not only large corporates but also the SME’s and even individuals. For corporates and SME’s, Fairfirst Insurance covers losses that would range from network security breaches, loss of privacy, indemnification from lawsuits related to data breaches and even business interruption losses following a cyber-attack. This insurance not only covers the insured but also third parties by offsetting costs involved with the recovery of cyber losses. For the individual, Fairfirst insurance covers losses including unauthorized entities compromising individual funds to perform fraudulent transactions or gaining of illegal access to personal devices to steal data. 

The release quoted Priyantha Perera, General Manager Underwriting, Portfolio and Reinsurance as saying, “The use of digital technologies in financial and economic activities creates significant benefits in terms of convenience, productivity and efficiency but also leads to significant risks. In order to address these digital security risks, we provide a comprehensive suite of insurance solutions that offer a range of covers to individuals and corporate entities across this island.”

Among the top general insurance companies of Sri Lanka, Fairfirst serves individuals, businesses and institutions across Sri Lanka through a versatile workforce spread across a comprehensive branch network, affinity partners and leading brokers in the market. Fairfirst Insurance is part of the Canadian-based Fairfax Group.