Cyber Liability
Cyber liability insurance can protect your business from the financial impact of a cyber attack. It can provide cover for various cyber related incidents such as:
- Fines and Penalties following a data breach.
- Repair and restoration of IT systems and data following a hack.
- Third party liability claims such as claims for compensation following a data breach and defence costs.
- Scams and phishing including fraudulent transfer of funds.
- Extortion payments and access to ransom negators.
- Business interruption to cover lost or reduced income.
Who is it for?
All businesses, large or small, can be the target of cyber-attacks.
Any business or individual that has an online presence, operates a website or stores third-party/customer data could be at risk of a cyber attack or accidental data breach.
A cyber attack on your business could be extremely costly. It may cost you and your business more than just money with threats to your intellectual property, putting your customers' personal data at risk and causing significant reputational damage to your company.