Cyber Liability InsuranceWhat does it typically cover?
Cyber Insurance is designed to suit the size and complexity of your business operations. Cyber Insurance can include cover for:
- Privacy Protection
- Loss of personal or corporate information (including employee data)
- Loss of information held by service providers (e.g., Cloud, ISPs)
- Defence, legal and breach costs (credit monitoring, identity theft monitoring, data restoration, forensic costs)
- Privacy Breach Notification and Loss Mitigation
- Crisis management costs
- Liaison with law enforcement and IT specialists
- Extortion and Liability
- Liability from hacker attacks or viruses
- Loss or theft of data or data for which you are responsible
- Loss from phishing emails or denial of service attacks
- Attacks by employees and third parties
- System Damage
- Lost, damaged, or destroyed IT systems and data
- Costs of retrieving, repairing, restoring, or replacing data, systems, or hardware
- External IT forensic or security consultant costs
- Privacy Fines and Investigations
- Fines and penalties due to a privacy breach
- Defence and investigation costs
- Multimedia Liability
- Protection against libel, slander, or defamation
- Cover for infringement of copyright, trademarks, and trade names
- Defence costs and third-party costs
Cyber Liability InsuranceWho should consider it?
Any business that operates online should consider this insurance to protect against cyber risks and potential liabilities..
Comprehensive Cyber Insurance can benefit:
- Companies with online operations or e-commerce activities.
- Businesses storing sensitive personal and corporate information digitally.
- Organisations relying heavily on service providers such as Cloud and internet service providers.
- Firms that produce digital content or use multimedia extensively for marketing and communication.
If you are operating an online business and want to learn more about finding the best cover for your business, contact the team at Malcolm Flowers Insurances today.
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