Cyber Insurance

You can be held liable for any third party data that is lost, so consideration should be given to cyber liability as part of your cyber policy. It ensures protection against non-disclosure agreements and contracts that contain indemnities and warranties in relation to this type of breach, as well as consumers seeking legal redress in the event of lost data.

Cyber crime is the fastest growing area of fraud. New crimes are emerging and they can occur day or night. Identity theft, social engineering, phishing scams and ransomware are just some of the crimes that a traditional insurance policy will not cover. These threats can be covered to a limited degree by a cyber policy but are better insured under a full commercial crime policy.

Hackers can leave a significant amount of damage behind after breaching your systems. A hacker damage extension will cover costs incurred to repair, restore or replace websites or programmes.

If a hacker attempts to hold your business to ransom, we can provide legal and risk specialists who can help you to manage and navigate this unnerving situation. Policies may cover ransom payments you are advised to make.

When an event occurs, the interruption to a business's ability to trade as normal can prove catastrophic. Cyber business interruption cover can provide compensation for loss of income, including any income lost through damage to your reputation or because of a period of inactivity resulting in client losses.

In the event of a data breach, confident and quick communication is critical to help minimise the damage to the reputation of your business. Cyber containment cover provides access to communications experts who can provide expert support when you need it most.

A properly arranged cyber policy will provide access to specialist breach response services as part of the offering. This gives you access to specialist legal and technical support staff, experienced in handling cyber events, which may be outside the everyday experience of your in-house team.