It is prudent business decision to have in place Cyber insurance in place to mitigate adverse impact.
Cyber insurance is designed to protect businesses if there is for example malicious attack by Hackers on your computer systems, or the entire Infrastructure.
A typical Cyber Insurance policy would cover the followings:
1. Breach Management Expense;
2. Data Recovery Cost;
3. Business Interruption Loss;
4. Reputational Harm;
5. Extortion Expense;
6. Cyber Theft Loss;
7. Telephone Hacking Loss;
8. Social Engineering Fraud;
No matter how small or big your firm, without Cyber Insurance cover you could be financially exposed as a result of a Cyber Attack which could also lead to reputational damage and legal or regulatory costs.
You may need Cyber Insurance if you hold personal data or use a computer system or have a website.
Crownsway can arrange Cyber Insurance for a wide range of trades including:
- Charity Organisations
- Contractors & Design
- Estate Agents
- Insurance Brokers/Intermediaries
- Will Writers