Cyber Liability Cover

What does a cyber liability insurance policy cover?

Protect your business from virtual threats like loss of important data or malicious hackers attempting to steal confidential information.

Why cyber liability insurance?

Computers & IT assets

Computers and IT assets in any business are critical to the day-to-day running of the business

Protecting information

3rd party data information you hold is valuable and you can held liable if the data is lost

Protection

Cyber related crime is the fastest growing in the world with hackers now targeting all of types of businesses including government agencies and companies

Hackers

Hackers and viruses do not target only one or few type of business they target any business within any sector

Notifications

Notifying customers of a breach costs time and money and require technical IT expertise

Cyber Liability Insurance

Protection against cyber security risks in the areas of:

Recovery of data in the event of a security breach
Dedicated cyber security cover against digital threats
Protection against theft of intellectual property in the event of a cyber attack
Immediate response from experts within 1 hour of notification of an incident
Deployment of IT Forensics – provided by KPMGs Response
Legal Response & PR Consultancy – to contain damage to reputation
Costs of notifying those people affected
Insurable fines and penalties by data protection regulator
Network Interruption – loss of net profit – optional
Cyber/Privacy Extortion – response and ransom payments – optional
Digital Media Liability – breach of intellectual property rights – optional

Defence costs and cover damages against:

Breach of personal or corporate data
Contaminating someone else’s data with a virus
Theft of systems access code
A negligent act or error by an employee

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Registered Office: 115 Blackburn Road, Bolton, BL1 8HF. For your protection, telephone calls may be recorded or monitored. Arkwright Insurance Brokers Ltd is authorised and regulated by the Financial Conduct Authority (Reg No. 434855). Registered in England No. 5479162. You can check this on the Financial Services Register by visiting the FCA’s website http://www.fca.org.uk/register or by contacting the FCA on 0800 111 6768