Bad news first. As any form of business now has a digital presence you’re a candidate for data breaches and cyber-attacks. As a business owner, you need to be even more vigilant. If the worst does happen, it can have serious repercussions for your reputation, your or your clients’ businesses, not to mention the cost of any legal fees, compensation claims and notifying those affected. It doesn’t bear thinking about.
Now for the good news. We have a Cyber Liability Option that will come to your rescue.
Covering you for breach of data protection laws (where insurable by law) and your liability for handling data, cyber liability insurance can also provide cover for extortion, system rectification costs, plus PR expenses and financial loss due to system downtime.