Cyber Insurance and Privacy Insurance

Cyber Insurance and Privacy Insurance

Technology, data, and infrastructure are the oxygen of modern businesses. From a start-up hoping to make waves in media, to the laboratory business that’s developing next-gen medical devices – all organizations must embrace technology to thrive. But with new technology comes new risk.

The invisible threat of cyber-crime, combined with the potential for tech infrastructure to fail, and the ever-evolving regulatory landscape, represents a new minefield for modern business.

Unless your organization carries specialist cyber insurance coverage against such perils, you won’t be protected against the unusual risks that arise in cyberspace.

What if:

  • Your network or ‘cloud’ were hacked – and the data regulator insists you notify customers of the breach?
  • A malware attack interrupts your operations, leaving a hole in your revenues?
  • You incur cost in reconstituting valuable data that’s been stolen?
  • The data regulator enforces painful financial penalties on you following a breach?

In the wake of numerous high-profile cyber-crime cases, including network and data breaches, businesses globally are shoring themselves up against a range of new global tech and cyber risks. As experts in customized insurance for technology and mediatech businesses, La Playa is the ideal partner to design a watertight cyber insurance solution for your cyber risks.

Cyber Insurance Coverage can include:

Protection against costs, expenses and liability arising from:

  • Breach of Privacy or Confidentiality – critical defense against your liability for violation of privacy rights or breach of confidential information
  • Data Breach Costs – reimbursement of your costs incurred in dealing with a regulatory investigation, including post-breach costs such as legal, PR & crisis management expenses, customer notifications, credit monitoring and identity theft monitoring costs, and network forensics
  • Regulatory Fines or Contractual Damages – to reimburse sums you’re legally obliged to pay as a direct result of a breach of privacy law or contractual obligation, including PCI-DSS penalties
  • Cyber Liability – your liability for customer/user financial loss or denial of access
  • Consequential Loss – for your lost income as a result of viruses, network failure or damage, hacking or cyber-crime causing ‘down-time’
  • Data Extortion – protection against the threat of extortion as the result of ransomware, theft of data, or damage to your computer network
  • Problems with an outsourcer - we’ll help build protection wherever you face loss or liability, and wherever it arises in your supply chain – including cloud providers & overseas data processors
  • Costs of restoring or recreating data

We're able to reward clients' prudence in managing their Cyber and Privacy liability proactively - if you can demonstrate the precautions you've taken, we may be able to negotiate broader Cyber Insurance coverage at better rates on your behalf. 

Check out our guide: "Five Ways to Avoid a Data Breach" – get informed, clued-up and insured.

Download: Science & Technology Brochure PDF Document

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World-class expertise and professional service...expert in insurance and risk management for the technology sector...managed to provide superior product and service whilst reducing cost.

 

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You can call us to talk more about your business on +1 646 665 7737

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About La Playa Science & Technology

Specialist & Independent

Specialist & Independent

La Playa's specialist Science & Tech team can help you protect your business with smart, flexible, high-performance insurance - with a friendly human UI. We understand the risks and pressures you face - and we speak your language.  We’ll support you with great advice - helping you make good decisions for your business. 

Advice You Can Trust

…from an expert who understands you

Tech-based business is 24/7, global and borderless, always exposing you to new risks and liabilities - often in unfamiliar places. As the law struggles to keep pace with technology, insurance can provide a real safety net if you fall foul of changing legislation.

  • Specialist insurance for science and technology
  • Independent professional advice
  • Relationship-based service: right beside you when you make a claim
  • “Can do” culture
  • Seamless insurance across US and UK
     
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Elaine Lamb

DIRECTOR, LA PLAYA INTERNATIONAL

Direct Dial: 646 583 1574 or +44 (0) 20 3865 0149

Mobile: 646 665 7737

Email: elaine.lamb@laplayainsurance.com

Twitter: @EREDINGTON

+1 646 665 7737
+44 (0) 20 3865 0149
+44 (0) 1223 200650