Cyber insurance, also known as cyber liability insurance or cyber security insurance, is designed to cover risks that come with storing and handling data when running a business, such as:
If you're held ransom by a hacker, or have to pay compensation to your customers because of a data breach, we'll cover damages and extortion payments, as well as costs associated with defending, negotiating and settling the claim.
We offer an extension that will reimburse up to £100,000 in financial losses caused by funds transfer fraud (social engineering), phone hacking, botnet attack and cryptojacking.
If you believe you've suffered a data breach, contact our 24-hour breach response helpline, and we'll provide you with legal, IT security and PR support. We'll also help communicate the breach to affected customers and set up a call centre to assist them.
We'll reimburse income you lose because of a security breach affecting your computer systems - or those of your suppliers. We'll also pay for your data to be restored if it's lost or damaged in the process.
Find out more about the risks it covers and what to look out for.
Covers compensation you have to pay due to data or security breaches, including:
Covers compensation you have to pay due to defamatory content or intellectual property infringement on your website, social media or online advertising.
This happens more often than you may think - for example, if someone were to accidentally use a trademarked image on one of your company’s social media accounts.
The General Data Protection Regulation (GDPR) comes with stringent guidelines and fines of up to €20 million, or 4% of annual turnover, whichever is the greater.
Having the right cover in place can mean the difference between pulling through a difficult time or going out of business. Our insurance covers:
Covers PCI fines, which can range from £3,000 to £60,000, plus expenses and legal costs due to a data or security breach involving credit card or debit card information.
Covering you for unauthorised use of your systems. For example, if a hacker accesses:
If your website or computer systems slow down or stop working due to a distributed denial-of-service (DDoS) attack, our insurance will cover costs for DOSarrest to fix this.
If money is paid by you or by your bank, on your behalf, in response to a fraudulent email or phone instructions.
If you suspect a data breach or security breach has happened, you'll have access to a 24-hour helpline, plus our insurance will cover the costs of:
If a security breach or unplanned outage of your computer systems or any business that provides you with services, e.g. Amazon Web Services (AWS), our cover will reimburse you for the projected profit lost.
The insurer will arrange your legal defence and take care of costs, including legal fees and expenses to investigate, defence and settle any covered claim. If you or your employees have to attend court as witnesses, they will also pay £500 per day per for management and £250 per day for employees.
"Sure. You'd be surprised how far a hug goes with Geordi, or Worf. I'd like to think that I haven't changed those things, sir. Yes, absolutely, I do indeed concur, wholeheartedly! Is it my imagination, or have tempers become a little frayed on the ship lately?"
CEO - The Backsplash
"Sure. You'd be surprised how far a hug goes with Geordi, or Worf. I'd like to think that I haven't changed those things, sir. Yes, absolutely, I do indeed concur, wholeheartedly! Is it my imagination, or have tempers become a little frayed on the ship lately?"
CEO - The Backsplash
"Sure. You'd be surprised how far a hug goes with Geordi, or Worf. I'd like to think that I haven't changed those things, sir. Yes, absolutely, I do indeed concur, wholeheartedly! Is it my imagination, or have tempers become a little frayed on the ship lately?"
CEO - The Backsplash
"Sure. You'd be surprised how far a hug goes with Geordi, or Worf. I'd like to think that I haven't changed those things, sir. Yes, absolutely, I do indeed concur, wholeheartedly! Is it my imagination, or have tempers become a little frayed on the ship lately?"
CEO - The Backsplash
I will obey your orders. I will serve this ship as First Officer. And in an attack against the Enterprise, I will die with this crew.
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