CyberInsurance

Cyber crime is on the rise, with almost 60% of businesses reporting some form of cyber attack in recent years, which can lead to lost revenue, a damaged reputation and even fines.

Anyone who uses computers or the internet at work, holds data about customers, suppliers or employees, carries out online transactions, or just uses social media, should think about cover for potential security breaches.

Cyber Liability Insurance is a product to support and protect your business against cyber crime – things like fraud, data theft and social engineering, where criminals attempt to fool businesses into parting with money, information or both. It also covers data breaches where sensitive information is accidentally shared.

Cyber Liability insurance can:

• Protect your business for any GDPR non-compliance claims.
• Gets you back to business as usual, as quickly as possible where reputational damage is caused.
• Compensates for loss of income as a result of a data breach.
• Manages data breaches with forensic investigations, legal advice and notifies customers or regulators.
• Covers you for the costs of repair or replacement if you are hit by a cyber attack that damages your equipment.