Cyber risks 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. It provides comprehensive cover, simplicity, reputation protection and a trusted partner in the event of a claim.
You can choose from different levels of cover to ensure you get the right protection for your business. When working out the amount of cover you need, you should consider:
- The amount and type of confidential, personal or sensitive data you hold
- The size of your business
- Your dependence on computer systems
If you hold customer data such as names, addresses or banking information, or if your business is dependent on or uses computer systems as part of its activities, then it is important to understand the impact of a data breach, interruption to your systems or a claim for failing to keep customers’ personal data secure. It could come as a result of a lost laptop or memory stick, a hacker attack or an email sent to the wrong person. How would your business react; would it be able to cope? With cyber insurance cover your business would get the practical support it needs to get to the root of a problem and the security of knowing that losses and costs would be covered.