Cyber Liability
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Our cyber experts offer cyber liability insurance coverage solutions to protect your business against cyber threats and data breaches.
Cyber Insurance designed for the art world
Gallagher’s Fine Arts team has partnered with Chubb to offer a cyber insurance program exclusively for art galleries and museums.
Start your journey with us today.
Understanding the specific exposures that galleries and museums face allows us to design a program that provides comprehensive cyber coverage at an appropriate price.
$3.92M
Average total cost of a data breach
Source: Ponemon 2019 Cost of a Data Breach Report
25,575 records
Average size of a data breach
Source: Ponemon 2019 Cost of a Data Breach Report
$150
Cost per lost record
Cost per lost record
Source: Ponemon 2019 Cost of a Data Breach Report
279 days
Time to identify and contain a breach
Source: Ponemon 2019 Cost of a Data Breach Report
Why cyber insurance for art galleries, art dealer and museums matters
Businesses without sophisticated cyber security systems in place make for an attractive target for hackers looking for a quick profit—and these targets are increasingly the small businesses of the art world. Art dealers, galleries, and museums hold valuable donor and payment information, making them particularly vulnerable to these evolving threats.
Custom insurance programs protect your business against traditional and nontraditional impacts a cyber crisis has on your business, including:
- Breach response costs
- Privacy liability/network security liability
- Privacy regulatory liability and fines & penalties (where insurable by law) (GDPR, FERPA, HIPAA)
- PCI DSS assessments
- Media liability
- Cyber extortion (ransomware)
- Business interruption/extra expense
- Data recovery
- Theft of funds (social engineering crime)
- Telephone crime
- Reputation harm
Want to Know More? Let’s Talk.
If you have any questions regarding insurance policies or claims, contact us.