Cyber Risk Insurance
It is becoming increasingly more important than ever to consider this type of insurance, with attacks and security breaches increasing in frequency and complexity.
Cyber Risk Insurance is specifically designed to protect you and your business in the eventuality that your business experiences a data breach or perhaps it is subject to an attack by a hacker which subsequently affects your business’ computer systems.
It is highly recommendable to have insurance protection for such risks if you are reliant on computer systems to conduct your business. In reality, the absolute majority of business are.
Holding sensitive customer data such as names, addresses and banking information as well as having a website are also very important factors to consider, when deciding whether you need Cyber Risk Insurance.
All businesses strive to work with utmost precision and care, however we all know that mistakes can happen – that is when the reputation of your business might come under threat. Most cyber risk insurance policies include ‘crisis containment’ as part of the cover, thus providing the very much needed support by the experts at the most crucial moments.
Please fill in the following form to make a
Cyber Risk Claim:
Please fill in the following form to ask for a
Cyber Risk Quote:
Frequently Asked Questions
What are the typical costs incurred as a result of an incident?
An incident would normally lead to a combination of costs, namely Breach costs, possible business interruption, crisis containment, hacker damages as well as potential cyber extortion.
Does Cyber Risk Insurance include cover for my potential liabilities to third parties?
Cyber Risk Insurance typically covers your liabilities in relation to any possible Data Breaches, Multimedia Liability should you mistakenly infringe someone’s copyright as well as
Network Security Liability amongst other possible elements of cover
How is the right level of cover determined for my business?
There are various factors which determine the level of cover required for your business. Three main aspects to be definitely considered are the following:
- the size of your business
- the dependence of your business on computer systems
- the amount and type of confidential, personal and sensitive data held by your company
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