If your business has never been the victim of a cyber attack, it can be difficult to comprehend how vulnerable your business could be.
Our team are very familiar with the digital risks businesses are exposed to and we are well placed to support and protect your business. Property and liability insurance often take precedence with many clients not seeing the value in standalone cyber policy. While there may elements of cover within traditional insurance policies, it tends to be partial cover at best, falling very short of what is covered under a standalone Cyber policy.
Most information is now transferred digitally and Covid-19 has certainly accelerated this. The shift to remote working is believed to have generally increased security vulnerabilities.
Typical covers under a standalone Cyber Insurance policy:
- Data Breaches
- Business and Network Interruption
- Intellectual Property Rights
- Damage to Third-Party Systems
- System Failure
- Cyber Extortion