Cyber Safe's cybersecurity services

Digital transformation offers companies significant opportunities, but it also increases the attack surface for criminal networks. According to data from Bitkom, the total damage caused by cyberattacks in Germany has now reached €202 billion – a figure that has nearly doubled in the last four years. The numbers show that this is no longer just an IT issue: 87% of all companies were affected by cyberattacks last year, and 66% of decision-makers consider digital risks to be an existential threat. The average cost of a single cyber incident for a company is €1.8 million.

In this volatile environment, traditional, purely reactive insurance concepts are failing. What is needed is a strategy that combines advanced technology for prevention with financial protection. As a leading specialist MGA for digital corporate risks, Baobab Risk Solutions combines exactly these levels into a seamless safety net.

The Baobab insurance portfolio: Tailor-made protection for every risk scenario

The core of our financial protection rests on three specialized pillars that comprehensively cover digital risks. By working with top-tier, A+ rated capacity providers like Lloyd’s, Baobab offers maximum stability and coverage limits of up to €15 million.

Cyber Safe – cyber insurance for businesses

The Cyber Safe product is precisely tailored to mid-sized and large companies with revenues of up to €250 million. It provides reliable, comprehensive protection against first-party losses (such as business interruption and data recovery) as well as third-party liabilities.

Key highlights include:

• Minimal waiting period for business interruption: The waiting period for business interruption is just 8 hours. Insurance coverage kicks in immediately upon the occurrence of a loss, without the need for prior bureaucratic confirmation from representatives.
• Comprehensive cloud protection: Cloud business interruptions (BI) are covered 100% up to the full sum insured. This also applies to providers without ISO certification or when using free cloud plans. The only requirement is the existence of a contractual relationship.
• Low deductible: For companies with annual revenue up to €50 million, the minimum deductible is an attractive €500. For businesses with revenue up to €250 million, it is €5,000.
• No technical requirements: The wording consistently avoids hidden technical clauses or blanket inquiries in the terms and conditions to guarantee maximum transparency and legal certainty in the event of a claim.

Integrated risk solutions: Free prevention from day one

Anyone who takes out Cyber Safe cyber insurance automatically receives access to Baobab's technical and organizational risk solutions. These measures have been proven to reduce the frequency of ransomware attacks by 77% compared to the market average.

• Deep Scan: This proprietary, in-house developed technology continuously analyzes public IT infrastructure from an attacker's perspective. Deep Scan captures six times more data than conventional providers and detects 98% of all security vulnerabilities. Thanks to precise recommendations for action, Baobab customers fix vulnerabilities on average 20x faster than the market. In addition, the scan replaces up to 40% of traditional risk questions during the application process.
• Dark Web Monitoring: As an integral part of the Deep Scan, this tool monitors the darknet for compromised company data and stolen credentials to prevent identity theft.
• Phishing Simulation Training: Since the majority of all cyber incidents in Europe are the result of social engineering attacks, customers receive automated, realistic phishing campaigns. These test team vigilance in a secure environment.
• Awareness Training: Complementing the simulations, interactive online modules provide practical knowledge on topics such as password security, multi-factor authentication (MFA), and how to respond in an emergency. Trained employees are four times more likely to report attacks.
• Templates and Guides: Customers receive ready-to-use documents, including a password creation template, data security policies, and pre-configured Group Policy Objects (GPOs) for hardening Microsoft Active Directory.

Cyber Consulting and Incident Response Management: Immediate assistance with no cost risk

In addition to the technology, companies benefit from our in-house Cyber Consulting. Baobab's experts are available to provide advice and answer questions during the application process and throughout the entire contract term. This includes, for example, a risk dialogue if needed to jointly identify company risks.

Should an attacker succeed despite all preventive measures, the integrated Incident Response Management kicks in fully automatically.

• 24/7/365 availability with express triage: The free cyber emergency hotline guarantees immediate assistance. Initial contact by phone occurs within 90 seconds. Immediately after the report, a personal Incident Response Manager takes charge of the technical assessment and initial triage of the situation.
• Guaranteed expert response time: Specialized crisis managers and IT forensic experts are ready to assist in less than two hours. The team actively supports the customer's internal IT or their IT service provider in containing the attack, isolating affected systems, and securing evidence.
• Coordinated crisis and claims management: At Baobab, our technical incident response team and legal claims department work hand in hand using a shared data foundation. This close integration significantly reduces response times during a crisis, minimizes downtime, and accelerates final claims processing.
• Comprehensive range of services for emergencies: Our process supports companies throughout the entire incident lifecycle. This includes forensic investigations, system cleanup and secure restoration, guidance on legal data protection obligations, and professional crisis and PR consulting to prevent reputational damage.

As part of our 48-hour no-cost guarantee Baobab covers all emergency response costs for the first two days after discovery with zero deductible—this explicitly applies to purely technical issues or data breaches as well. Furthermore, these costs are not deducted from the insurance sum but are credited against it, ensuring the full financial limit remains intact for subsequent compensation.

‍

Conclusion: Cybersecurity for SMEs

Today, effective cybersecurity requires the intelligent integration of technical defense and financial protection. Baobab Risk Solutions offers companies more than just an insurance policy; we provide an active security partnership. From automated vulnerability scanning and continuous employee training to immediate crisis management and claims payment, every layer is perfectly aligned.

‍

‍