Cyber Risks Insurance

What if...

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

If you have an online presence and are using social media, then you’re vulnerable. Globally. Content, data, intellectual property and defamation – all present major risks. It’s important to work with an insurance broker who really understands media and can support you with expert advice and specialist insurance.

Coverage can include:

Protection against costs, expenses and liability arising from:

• Breach of Privacy or Confidentiality – critical defensce 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