As the world evolves and becomes ever more reliant on technology, the risks from suffering a loss related to problems with their computer systems, or from holding sensitive data, continue to grow and can lead to lost revenue, a damaged reputation, and legal and regulatory costs, not to mention the associated business disruption.
To complement the work we do helping to manage our client’s risk in this area we have formed a partnership with specialist insurance brokers Credent Commercial to provide Cyber and Data Insurance that offers businesses comprehensive protection for their computer systems and data.  Insurance can be provided to cover:

Your business’s own assets. This may include:

  • Loss or damage to digital assets such as data or software programmes
  • Business interruption from network downtime
  • Cyber extortion where third parties threaten to damage or release data if money is not paid to them
  • Customer notification expenses when there is a legal or regulatory requirement to notify them of a security or privacy breach
  • Reputational damage arising from a breach of data that results in loss of intellectual property or customers
  • Theft of money or digital assets through theft of equipment or electronic theft

Third-party insurance covers the assets of others, typically your customers. This may include:

  • Security and privacy breaches, and the investigation, defence costs and civil damages associated with them
  • Multi-media liability, to cover investigation, defence costs and civil damages arising from defamation, breach of privacy or negligence in publication in electronic or print media
  • Loss of third party data, including payment of compensation to customers for denial of access, and failure of software or systems

Please contact us if you would like to speak with an insurance advisor to find out more about what solutions are available on 0151 334 2543