Cyber crime is an ever growing and evolving threat
Cyber insurance is more crucial than ever as attacks and data breaches increase in both frequency and sophistication. Having the right cover in place will support and protect a business if it is the subject of an attack by a malicious hacker or experiences a data breach. It not only provides comprehensive cover but will provide you with a trusted partner to support the business in the event of a cyber-attack.
Unlike other areas of your business, you may not have the specialist knowledge and expertise required should you experience a cyber-attack. In addition to financial compensation, you will also receive professional support from a team of experts – from specialist technical support to legal advice, PR and even identity theft assistance for your customers that may be affected.
The majority of forward-thinking organisations have highlighted this as one of the major threats they will be facing both now and in the future.
Cover can include:
- Cyber Incident Response – Incident Response Costs, Legal & Regulatory Costs, Privacy Breach Management Costs, IT Security & Forensic Costs, Crisis Communication Costs, 3rd Party Privacy Breach Management Costs, Post Breach Remediation Costs
- System Damage & Business Interruption – Direct Loss of Profits, Increased Costs of Working, System Damage and Rectification Costs, Dependent Business Interruption, Claim Preparation Costs, Consequential Reputational Harm
- Network Security & Privacy Liability – Network Security Liability, Privacy Liability, Management Liability, Regulatory Fines, PCI Fines, Penalties
- Media Liability – Defamation, Intellectual Property Rights Infringement, Court Attendance Costs
- Extortion
- Crime