Specialty insurance for high growth industries in Cyprus
Bespoke coverage in Cyprus for technology, fintech, gaming, and media firms designed for today’s modern risks.
Safeguard Your Digital Assets
Protect Your Future Growth
Innovate With Confidence
Navigating complex insurance in Cyprus can be overwhelming:
- You face risks from technology failures or professional liability
- You’re exposed to data breaches or ransomware attacks
- You want to protect your valuable intellectual property
- You need coverage to sign a new business contract
We understand the pressure of protecting your digital assets.
That’s where Specialty Insurance steps in.
It bridges the gap by protecting your business against modern threats that standard policies overlook, empowering you to grow seamlessly in Cyprus – and anywhere you operate in the world.
You don’t have to do this alone.
You need a specialist to guide you through the muddy waters of insurance, so you can seize opportunities and continue to innovate with confidence.
Our Specialty Insurance Solutions.
Technology
Insurance
Fintech
Insurance
Intellectual Property
Insurance
Media Liability
Insurance
Technology Insurance
Whether you operate as a Cloud Service Provider, develop SaaS solutions, provide IT consulting, or manage complex network installations, your business faces unique risks.
From service failures and cyberattacks to intellectual property disputes, these exposures can critically impact your operations and bottom line.
Technology insurance bridges this gap for the Cyprus tech ecosystem.
At Nexus Inc, we are well-positioned to deliver tailored solutions, usually within 72 hours, so you can focus on growth and innovation with total confidence.
FAQ about Technology Insurance in Cyprus
Which insurances do Cyprus tech firms need for international contracts?
Cyprus tech firms are often required to carry Professional Indemnity, Cyber Liability, and Public Liability insurance to meet the contractual standards of international partners in the UK and US.
- Professional Indemnity / Errors & Omissions: Usually required at a minimum limit of €1,000,000 to €5,000,000 (or $1M–$5M).
- Public Liability: Typically mandated at €1,000,000 to €10,000,000 ($1M–$10M).
- Cyber Liability: Increasingly required at a minimum of €2,000,000 ($2M),
Beyond these coverage limits, international contracts often mandate the following clauses to be included in the policy:
- Additional Insured Clause: This extension protects the client under your policy for claims arising from your work.
- Waiver of Subrogation Clause: A provision that prevents your insurer from seeking recovery for a loss after a claim has been paid.
- Worldwide Coverage & Jurisdiction: This provision ensures your policy responds to legal actions filed in international courts.
What does technology insurance cover in Cyprus?
Technology insurance in Cyprus covers your tech business for mistakes, project delays, system failures, data breaches, and intellectual property disputes arising from your technology products or services.
- Professional Liability: Covers errors, omissions, delays, and contract disputes related to your technology services.
- Technology Failures: Provides protection when system outages, software bugs, or hardware failures disrupt your client’s business.
- Cyber Risks: protect you against a range of cyber threats including data breaches, cybercrime, and system interruption.
- General Liability: Protects you if your business activities cause bodily injury or property damage to others.
- Intellectual Property (IP): Responds to IP claims of unintentional copyright or trademark infringement involving your tech products or services.
How much does technology insurance cost in Cyprus?
The cost of technology insurance in Cyprus varies based on several factors, including your industry, annual revenue, products and services offered, the jurisdictions you operate in, number of contracts, and the insured limit you need.
To give you an initial price estimate, we just need a few basic details from you:
- Your company’s registered name
- Your past actual revenue
- Your company’s website
- Number of employees
- Year of establishment
With this information, we can recommend an insurance premium tailored to your business needs and contractual requirements.
Many tech companies are surprised at how affordable technology insurance can be.
At NEXUS INC, we encourage tech companies and IT professionals to request a no-obligation quote.
This allows you to confidently budget and explore your options without any commitment.
What is technology insurance in Cyprus?
Technology Insurance in Cyprus is a specialist form of professional indemnity cover that protects your tech business if a product, service, or advice you deliver fails to meet client expectations.
Commonly referred to as Tech E&O (Errors and Omissions), it is tailored specifically for:
SaaS Providers
- Software Developers
Cybersecurity firms
IT consultants
It’s designed to mitigate the financial risks linked to performance and serves as a critical tool to help you win international client contracts.
Fintech Insurance
Defend Your Business from Financial, Cyber, and Regulatory Risks
Whether your business in Cyprus handles e-payments, digital assets and crypto, or develops regulatory technology, every fintech company faces unique risks, especially if you operate across multiple jurisdictions.
Strict regulations, technology failures, cyber threats, and financial crime can all disrupt your operations and impact both your finances and reputation. This is why standard insurance does not provide enough protection for fintech businesses.
Fintech insurance safeguards your company from legal claims, system breaches, fraud, and constantly changing compliance challenges. With this cover in place, you gain peace of mind knowing your company is protected against emerging financial, technological, and regulatory risks.
FAQ about Fintech Insurance in Cyprus
What is fintech insurance in Cyprus?
Fintech insurance in Cyprus is a specialised insurance solution designed primarily for payments (EMIs) and digital banking (neobanks) firms.
It addresses the unique risks of digital-first firms by covering critical gaps in regulatory compliance, cyber breaches, and financial crime that traditional insurance often misses.
Delivered as a single, modular policy, fintech insurance is designed to mitigate these risks and provide the confidence needed to operate and scale in the modern financial landscape.
What is covered by fintech insurance in Cyprus?
Fintech insurance in Cyprus provides comprehensive protection against:
Professional Errors: Coverage for mistakes, delays in providing your financial services.
Technology Failures: Protection against platform outages or software glitches.
Regulatory Risks: Investigation, legal and defence costs for CySEC or CBC inquiries.
Cyber Threats: Protection against data breaches, ransomware attacks, and system interruption.
Financial Crime: Coverage for the direct theft of funds and electronic fund transfer.
Management Liability (D&O): Personal liability protection for directors and officers, safeguarding their personal assets from legal claims arising from management decisions.
Intellectual Property (IP) Infringement: Protection against claims of unauthorised use of third-party software code, proprietary algorithms, or trademarks.
Do fintech insurance policies cover regulatory investigations or fines?
Comprehensive fintech insurance policies in Cyprus can provide coverage for regulatory investigations.
This means the policy can cover legal costs, expenses, and support services if your business faces a formal investigation by a regulatory authority, which is a crucial protection given the strict and evolving regulations affecting fintech companies
Fintech insurance in Cyprus may also cover certain regulatory fines and penalties, but only where such coverage is legally permitted.
For example, coverage for GDPR fines or other regulatory penalties depends on local laws and the specific terms of your policy.
Some fines are not insurable in all jurisdictions, so whether this coverage is available depends on your policy and local laws.
At NEXUS INC, we have the knowledge and expertise to help craft a fintech insurance policy that provides complete protection, including coverage for regulatory risks.
How do fintech insurance policies address multi-jurisdiction and global exposure?
A comprehensive fintech insurance policy in Cyprus offers worldwide protection, ensuring your business activities are insured wherever you operate or have clients. This is critical for payment processors, crypto platforms, and reg-tech providers who may serve clients in multiple jurisdictions or be exposed to a variety of local laws and regulatory requirements.
Additional features of comprehensive coverage include:
- Protection against legal claims, technology failures, and cyber threats, regardless of where incidents occur.
- Cover for regulatory investigations and compliance challenges in different markets.
- Flexibility to meet insurance requirements set by clients and partners in other countries.
Intellectual Property Insurance
Shield Your Innovations from IP disputes
Whether you are a biotech company, product manufacturer, work in defence and security, or are part of a research and innovation institution, every organization that creates or uses intellectual property faces unique risks.
From patent disputes and copyright challenges to trade secret theft, these exposures can disrupt your operations, drain resources, and threaten your competitive edge. That’s why standard business insurance is rarely enough to protect your most valuable ideas and inventions.
Intellectual property insurance in Cyprus helps shield your business and digital assets from costly legal disputes and supports you in enforcing your IP rights. With the right coverage, you can confidently invest in new developments and partnerships, knowing your innovation is protected.
FAQ about Intellectual Property Insurance in Cyprus
What is intellectual property insurance?
Intellectual Property (IP) insurance in Cyprus helps businesses protect their intangible assets like trade secrets, patents, trademarks, and copyrights from financial losses caused by legal disputes.
It covers legal fees and damages if you need to defend your IP rights or take action against third parties who infringe on your valuable assets.
This specialised insurance offers peace of mind, allowing you to focus confidently on innovation and growth.
It is particularly essential for startups that often lack the resources to fund costly legal battles.
Having IP insurance is also crucial to demonstrate to investors that you are serious about protecting your IP assets.
It signals professionalism and good governance, boosting investor confidence and improving your chances of securing funding.
What does intellectual property insurance cover in Cyprus?
A dedicated Intellectual Property (IP) insurance policy in Cyprus provides comprehensive protection by covering:
- Legal costs and damages if someone accuses you of infringing their intellectual property rights, (infringement defence)
- Support for taking legal action against others who use your intellectual property without permission (infringement pursuit)
- Assistance with disputes over who owns certain intellectual property rights.
- Coverage if you need to defend your rights in intellectual property title disputes.
- Protection for legal costs if your intellectual property rights are challenged or invalidated.
- Legal expenses related to breach of contract involving intellectual property rights.
- Help managing and covering costs for formal intellectual property oppositions, such as attempts to block your trademark or patent applications.
Why do companies need IP insurance?
Intellectual property insurance helps your business manage the financial risks of protecting and enforcing valuable intangible assets in Cyprus and internationally.
- Provide Financial support: IP litigation can be expensive, especially in established markets with well-developed legal systems, such as the US and UK.
- Enhances good governance: Having IP insurance shows that your business takes risk management seriously, helping startups attract funding and build investor confidence.
- Supports innovation and growth: By reducing the risk of costly IP lawsuits, companies can focus on developing new products and expanding their business without fear of unexpected legal costs.
- Meets contract requirements: Many new contracts or partnerships require companies to have IP insurance in place before finalizing the agreement.
Which industries in Cyprus are most exposed to intellectual property risks and can benefit from IP insurance?
Industries in Cyprus exposed to intellectual property risks and benefiting from IP insurance:
- Defence and Security Technology: Organisations developing advanced communications, security equipment, and defence-related hardware and software.
- Biotechnology and Pharmaceuticals: Companies conducting medical research, biotech product development, and pharmaceutical innovation.
- Technology and Software Development: Businesses designing software, creating apps, and building digital platforms.
- Gaming and iGaming: Firms producing video games, online gaming platforms, and betting services.
- Media and Publishing: Organisations creating content across media, graphic design, advertising, music, film, and video projects.
- AdTech (Advertising Technology): Companies developing advertising platforms, proprietary software, algorithms, and innovative digital marketing solutions.
- Research and Innovation Institutions: Universities, research centres, and private labs pursuing new inventions and scientific breakthroughs.
Media Liability Insurance
Safeguard Your Business from Content-Related Legal Claims
Whether you’re a publisher, advertising agency, or digital marketing firm, the content you create, promote, or publish exposes your business to significant legal risks. Content disputes, copyright infringement, defamation claims, privacy breaches, and errors in published material can all lead to lawsuits, threatening both your finances and reputation.
This is why standard business insurance is rarely sufficient for media organizations, as it is designed to protect physical assets but not the digital assets that are central to your business.
FAQ about Media Liability Insurance in Cyprus
What is media liability insurance in Cyprus?
Media liability insurance in Cyprus protects publishers, broadcasters, and advertising agencies from costly legal disputes arising from their content. It covers claims related to:
Copyright and intellectual property infringement
Errors or omissions in published or broadcast material
Breaches of confidentiality or privacy
Cyber risks and data breaches
Defamation and libel
Media liability insurance is essential for any business involved in creating or distributing content; whether in print, online, or broadcast.
In Cyprus, it provides robust protection locally and internationally, helping safeguard your reputation and financial stability from costly legal disputes.
What risks does media liability insurance cover?
A comprehensive medial liability policy typically covers:
- Intellectual Property Infringement: If your content accidentally uses or copies someone else’s copyrighted work, trademarks, licensed ideas, or plagiarizes another’s material.
- Defamation: If your content harms someone’s reputation, such as by making false or damaging statements (including libel and slander).
- Professional Liability/Errors & Omissions: If you make a mistake in your media work, overlook an error, or if you unintentionally fail to deliver what you promised in a media services agreement.
- Subcontractor Liability: Acts or errors of subcontractors or freelancers acting on your behalf.
- Cyber Liability: If a data breach, hacking event, or unauthorized disclosure of confidential information causes harm to others or exposes sensitive data.
What’s the difference between media liability and professional indemnity insurance?
Professional Indemnity (PI) insurance covers claims arising from errors, omissions, or negligence in providing professional services.
It protects you against financial losses due to mistakes in advice, consultancy, or other service-based work.
Media Liability Insurance, on the other hand, is tailored specifically for content-related exposures.
It includes all the protections of PI insurance but adds coverage for:
Content disputes like copyright infringement and plagiarism
Data breaches and cyber risks
Unique risks associated with media production, publishing, and distribution
While Professional Indemnity insurance focuses on professional service errors, Media Liability covers the additional content and intellectual property risks that media businesses face.
This makes Media Liability insurance essential for publishers, broadcasters, advertisers, content creators, and digital media companies.
Why is media liability insurance important for businesses in Cyprus?
Cyprus hosts many businesses headquartered locally but operating internationally, exposing them to legal risks across strict jurisdictions like the US and UK, where litigation expenses can be significant.
Media content from these businesses often reaches global audiences, increasing exposure to potential legal claims.
Many Cypriot media companies rely on freelancers for content creation, design, or campaigns.
While this brings flexibility, it also raises the risk of content being published without thorough legal review, leading to accidental copyright infringement, defamation, or privacy breaches.
Even smaller firms and local agencies face the threat of content disputes escalating into expensive international lawsuits, often initiated by copyright holders, individuals alleging reputational harm, or foreign regulatory bodies.
Dedicated media liability insurance is therefore essential.
It safeguards your business’s finances and reputation by covering legal defense costs and damages, while filling important gaps left by standard insurance policies.
Ready to stay ahead of new risk
and unlock new opportunities?
Every project starts with a consultation.
Here’s how our process works:
STEP 1: Schedule a Call
Let’s identify your risks & discuss your insurance needs. If you have an existing policy, we'll audit it for you.
STEP 2: Find the right Solution
We’ll walk you through the best solutions that match your needs, getting the best coverage for your budget.
STEP 3: Get a Quote
We'll prepare a personalised quote, and after approval - you have the peace of immediate protection.
Specialised insurance advice for businesses in Cyprus.
Why Clients in Cyprus Trust Us:
Finding car insurance for the first time while relocating to Cyprus was overwhelming and time consuming when approaching other insurance agencies.
Ji from Nexus Inc made everything simple. She quickly found me reliable coverage with minimal hassle, only asking essential questions. She even provided all policy documents immediately!
Her expertise and professionalism turned a frustrating process into a smooth and stress-free experience. Highly recommended to anyone who’s looking for solid service and support.
Xiaoran Liu
I couldn’t be happier with the service I’ve received from Nexus Inc.
The team was professional, responsive, and guided me through every step of the process with clarity. They tailored the coverage to fit my exact needs, offering peace of mind at an affordable rate.
Claims were handled swiftly and without hassle, and their customer service was always friendly and helpful.
I highly recommend Nexus Inc for anyone looking for reliable, trustworthy insurance coverage!
Greta Skemaite
I can’t say enough good things about NEXUS INSURANCE AGENCY. When I recently had to file a claim, they made the entire process incredibly smooth and stress-free.
The team was always available to answer my questions, guide me through the steps, and advocate on my behalf. Their expertise and dedication turned what could have been a stressful situation into a manageable one.
I felt supported every step of the way, and I’m truly grateful for their outstanding service. Highly recommend them for anyone looking for an insurance agency that genuinely cares about its clients!
xinyu BAI
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