PRODUCTS & SERVICES

Employee Benefits

GARRUN CYBER

CYBER SECURITY SOLUTIONS

For the Next Generation Business

The rapid pace of technological advancements means digital platforms are the lifeblood of many businesses. But every organisation that has an online presence is vulnerable to the severe consequences of a cyber incident.

The consequences of a cyber-attack can cause severe damage to any business, with the worst-case scenario being the forced closure due to the loss of key company data or inability to access your business system. It is therefore an imperative that businesses manage and mitigate their risks with a layered approach which includes security software, awareness training and cyber insurance.

The insurance policy, which acts as that final layer of protection, could be the difference between a business closing or surviving

The Likelihood of a

CYBER ATTACK

COMPARED

The chances of experiencing a data breach are higher than you'd think. Take a look as we compare the odds.

1 in 4

Cyber Attacks

    • The were an estimated 8.4 billion devices targeted by cyber-criminals in 2017.
    • A report by the Ponemon institute estimates that the chances of experiencing a data breach are as high as 1 in 4.
  • 1 in 50

    Home Burglaries/invasion

    • An average of 1.3 million homes experience a break-in or burglary per year.
    • According to the Governance, Public Safety and Justice Survey 2018/19 that roughly a 5,8% chance.
  • 1 in 1000

    Sars Audit

    • According to the Sars website a total of 235 518 returns were filed by the deadline-day.
  • 1 in 14,600

    Struck by Lightning

    • If you live to be 80 years old, the National Weather Service says your chances of being struck by lightning is roughly 1 in 14,600
  • 1 in 5,400,000

    Plane Accident

    • According to recent reports, the chances of being in plane crash are one in 5.4 million.
  • 1 in 14,000,000

    Chances of winning the Lottery

    • When BusinessTech tackled the odds of winning the Lottery six years ago, we found that you had a 1 in 13,983,816 chance of winning
  • With the dynamic nature of cyber risk, we have summarised the cover you would enjoy under a cyber risk insurance policy:

    • Cyber Liability
    • Crisis Management Expenses & Notification Expenses
    • Data Recovery & Loss of Business Income
    • Cyber Extortion
    • Digital Media Liability
    • Initial Response Phase

    Why Garrun Cyber?

    With cyber threats fast becoming the most destructive risk facing businesses, Garrun Cyber has created an innovative, holistic risk management solution which rewards businesses that are more cyber resilient. If you adopt our state-of-the-art security software and awareness training, you receive significant discounts and/or improved terms and conditions on your cyber insurance policy underwritten by ITOO.

    No matter how secure your environment may be from a cyber-attack, risk is always present and cannot be fully avoided. An insurance policy is an important backstop in your business’s cyber risk-management strategy.

    Our partnership with Aves, a cybersecurity firm, allows us to expand our skillset and improve service value for our client base. Garrun Cyber is a thought leader in cyber risk management, assisting businesses in developing a clear approach to being cyber resilient.

    Employee Benefits Insurance

  • The Garrun Group offers the following employee benefit services:

    • Consultation and support services that considers all products.  
    • Propose or assess a benefit structure for your company's pension or provident fund.
    • Consolidation of retirement funds and risk arrangements owing to amalgamations or takeovers. 
    • Establish an investment strategy and identify suitable investment portfolios to meet your company's investment plan.
    • Attend to a market rates test to ensure competitive rates pricing, ensure that policy conditions and other provisions are appropriate, and identify new market opportunities.
    • Help pension and provident funds comply with appropriate governance and legislation for the fund to ensure that correct procedures are followed when making decisions.
    • Assist companies to communicate the policy benefits and provisions to their staff; conduct informative and helpful presentations to staff in a number of languages.
    • Educate members on how the retirement fund works and explain associated benefits.


    Benefits include:

    • Pension funds
    • Provident funds
    • Group life assurance (insured death benefits)
    • Group disability income benefit arrangements
    • Group dread disease benefit arrangements
    • Funeral benefits
  • Choose an option

    GARRUN CYBER

    CYBER SECURITY SOLUTIONS

    For the Next Generation Business

    The rapid pace of technological advancements means digital platforms are the lifeblood of many businesses. But every organisation that has an online presence is vulnerable to the severe consequences of a cyber incident.

    The consequences of a cyber-attack can cause severe damage to any business, with the worst-case scenario being the forced closure due to the loss of key company data or inability to access your business system. It is therefore an imperative that businesses manage and mitigate their risks with a layered approach which includes security software, awareness training and cyber insurance.

    The insurance policy, which acts as that final layer of protection, could be the difference between a business closing or surviving

    The Likelihood of a

    CYBER ATTACK

    COMPARED

    The chances of experiencing a data breach are higher than you'd think. Take a look as we compare the odds.

    1 in 4

    Cyber Attacks

    • The were an estimated 8.4 billion devices targeted by cyber-criminals in 2017.
    • A report by the Ponemon institute estimates that the chances of experiencing a data breach are as high as 1 in 4.
  • 1 in 50

    Home Burglaries/invasion

    • An average of 1.3 million homes experience a break-in or burglary per year.
    • According to the Governance, Public Safety and Justice Survey 2018/19 that roughly a 5,8% chance.
  • 1 in 1000

    Sars Audit

    • According to the Sars website a total of 235 518 returns were filed by the deadline-day.
  • 1 in 14,600

    Struck by Lightning

    • If you live to be 80 years old, the National Weather Service says your chances of being struck by lightning is roughly 1 in 14,600
  • 1 in 5,400,000

    Plane Accident

    • According to recent reports, the chances of being in plane crash are one in 5.4 million.
  • 1 in 14,000,000

    Chances of winning the Lottery

    • When BusinessTech tackled the odds of winning the Lottery six years ago, we found that you had a 1 in 13,983,816 chance of winning
  • With the dynamic nature of cyber risk, we have summarised the cover you would enjoy under a cyber risk insurance policy:

    • Cyber Liability
    • Crisis Management Expenses & Notification Expenses
    • Data Recovery & Loss of Business Income
    • Cyber Extortion
    • Digital Media Liability
    • Initial Response Phase

    Why Garrun Cyber?

    With cyber threats fast becoming the most destructive risk facing businesses, Garrun Cyber has created an innovative, holistic risk management solution which rewards businesses that are more cyber resilient. If you adopt our state-of-the-art security software and awareness training, you receive significant discounts and/or improved terms and conditions on your cyber insurance policy underwritten by ITOO.

    No matter how secure your environment may be from a cyber-attack, risk is always present and cannot be fully avoided. An insurance policy is an important backstop in your business’s cyber risk-management strategy.

    Our partnership with Aves, a cybersecurity firm, allows us to expand our skillset and improve service value for our client base. Garrun Cyber is a thought leader in cyber risk management, assisting businesses in developing a clear approach to being cyber resilient.

    • Employee Benefits Insurance
      • The Garrun Group offers the following employee benefit services:

        • Consultation and support services that considers all products.  
        • Propose or assess a benefit structure for your company's pension or provident fund.
        • Consolidation of retirement funds and risk arrangements owing to amalgamations or takeovers. 
        • Establish an investment strategy and identify suitable investment portfolios to meet your company's investment plan.
        • Attend to a market rates test to ensure competitive rates pricing, ensure that policy conditions and other provisions are appropriate, and identify new market opportunities.
        • Help pension and provident funds comply with appropriate governance and legislation for the fund to ensure that correct procedures are followed when making decisions.
        • Assist companies to communicate the policy benefits and provisions to their staff; conduct informative and helpful presentations to staff in a number of languages.
        • Educate members on how the retirement fund works and explain associated benefits.


        Benefits include:

        • Pension funds
        • Provident funds
        • Group life assurance (insured death benefits)
        • Group disability income benefit arrangements
        • Group dread disease benefit arrangements
        • Funeral benefits