Cyber Liability insurance is designed to support and protect your business if it experiences a data breach or is the subject of an attack by a malicious hacker that affects its computer systems.
Cyber Liability is designed to support and protect your business if it experiences a data breach or is the subject of an attack by a malicious hacker that affects its computer systems.
For a claim under this insurance to be valid, you must have complied with the GDPR regulation .
An employee of a financial institution has a laptop with sensitive client data go missing. GLB regulatory investigation ongoing. Multiple lawsuits pending by individuals whose data has been compromised.
A data processor to a financial institution has an interruption in service, which causes a loss of revenue to the financial institution. Defence expenses and resolutions costs of third-party claim exceeded £1,000,000.
Data breach in which the firm’s customers’ personal information, such as Social Security or credit card numbers, is exposed or stolen by a hacker or other criminal who has gained access to the firm’s electronic network.
Cyber hacking is big business and no one is safe. Not individuals, not small businesses and not large corporations. All of your data including the names of your customers, their contact information and the social security numbers of your employees are valuable information to a cyber-hacker. Unfortunately, your business and standard property insurance does not cover your most important asset, but cyber liability insurance does.
Just give our expert advisors a call. We will go through the information required by our insurers, and answer any questions you may have about your cover. We may ask you to complete a short proposal form if necessary.
Once we have the information from you we will approach our partner insurers to obtain the most competitive quotation with the widest cover. Each of our clients have different requirements in terms of time so however urgent it is we will work with you to meet deadlines.