What we offer

What is Cyber & Data Risks Insurance?

With businesses becoming ever more reliant on technology and storing an increasing amount of personal data, the risks and subsequent fallout from a hacking event continue to grow. The costs associated with handling a system and data breach can extend to lost revenue, a damaged reputation with both clients and suppliers, notification costs, legal and regulatory costs, not to mention the associated business disruption.

See how the insurance responds in the event of a data breach:

Cyber cover picture

Do I need Cyber & Data Risks Insurance?

Your business could be vulnerable to a data breach or loss of vital business services if you:

  • hold customer names, addresses or banking information
  • are reliant on computer systems
  • operate a website and use email
  • are subject to a payment card industry (PCI) merchant agreement

 

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Cyber & Data Risks Insurance Cover Includes:

Breach Costs (providing practical support)
Forensic investigations, legal advice, notifying customers or regulators, and offering support such as credit monitoring to affected customers.

Crisis Containment
Including a leading public relations firm who can provide expert support in developing communication strategies.

Cyber Business Interruption
Providing compensation for loss of income, including where caused by damage to your reputation, if a hacker targets your systems and prevents your business from earning revenue.

Cyber Extortion
In the event a hacker tries to hold your business to ransom with any final ransom paid, as well as the services of a leading risk consultancy firm to help manage the situation.

Hacker Damage
Where costs are incurred for the repair, restoration or replacement for damage a hacker causes to your websites, programmes or electronic data.

Privacy Protection
We will pay to defend and settle claims made against you for failing to keep customers’ personal data secure.
We will also pay the costs associated with regulatory investigations and settle civil penalties levied by regulators where allowed.

Multimedia Liability
The policy includes protection if you mistakenly infringe someone’s copyright by using a picture online for example, or inadvertently libel a third party in an email or other electronic communication.

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