What is Cyber Insurance?
Cyber and data risks insurance, also known as cyber liability insurance, is designed to support and protect your organisation if it experiences a data breach or malicious cyber hack that affects your systems or ability to operate.
You should consider cyber insurance if
- You store personal info or email addresses
- You use a computer to run your business software
- You take card payments or make electronic payments
- You have a website or use cloud storage
What are you covered for?
Our Cyber Insurance products has been designed to provide critical incident support and protect you against the financial and reputational costs of a data incident.
Where personal data (electronic or otherwise) is accessed without permission, we offer practical support like forensic investigations, legal advice, notifying customers or regulators. We can also help with credit monitoring for your affected customers.
We will pay to defend and settle claims made against you for failing to keep customers’ personal data secure, or for allegations of non-compliance with GDPR. We will also pay the costs associated with regulatory investigations and settle civil penalties levied by regulators where allowed.
Covers the cost of getting your business back to normal and compensation for loss of income, including where it is caused by damage to your reputation. You also will receive cover for the additional costs incurred to the business like overtime or additional staff costs following an incident.
In the event of a data breach, prompt, confident communication is vital to keeping a company's reputation in-tact. We provide PR and crisis management with a leading public relations firm; from developing communication strategies to running a 24/7 crisis press office.
When mistakes made by staff or suppliers result in a data breach, we'll cover the cost to get your organisation operational again.
If a hacker holds your systems or data to ransom, or threatens to publish information, we cover the ransom you have paid and the services of a leading risk consultancy firm, to help manage the situation.
We will reimburse you for the costs of repair, restoration or replacement if your computer network, systems, website or electronic data are damaged by a hacker, virus or cyber attack.
If during the period of insurance, any party brings a claim against you. We will pay the cost of any regulatory award you are legally liable to pay, PCI charges, privacy forensic costs, privacy investigation costs and defence costs.
Financial crime and fraud
If any party brings a claim against you for any actual or alleged infringement of any intellectual property rights, defamation, including libel, slander, or malicious falsehood we will cover the cover costs in defending.
We will pay the cost of repairing, replacing or reinstating any digital assets or tangible property that has been stolen or damaged by a Hacker.
Free Online Tools Included
Keeping your systems & data safe is important, we provide the tools and information to help safeguard your business.
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