Cyber Liability Insurance
Cyber Liability insurance is designed for businesses that transact, trade and communicate electronically and may be at risk of claims involving breaches of confidentiality, libel and slander, copyright, viruses, hacking, etc. With the vast range of electronic communication methods available today and our heavy reliance on electronic data there are not many businesses that do not face some exposure. The cyber liability insurance risk can often be split into two main areas:
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Unauthorised use of your network and / or the theft of data. This can be committed by external hackers, employees, ex-employees, contractors, etc and can result in damage to your network and software, loss of data, theft of data, corruption of data, fraud, website damage, viruses on your network or spread of viruses to other networks.
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Disclosure or theft of private or personal information. This can be deliberate or accidental and can result in breach or government regulations and possibly your own regulatory body's regulations.
If your business suffers a cyber security or personal information breach the results could be catastrophic. The obvious cyber liability fear would be the loss of your own data but potentially just as devastating would be the breach in trust, loss of reputation and legal penalties you could face.
For advice on Cyber Liability Insurance please contact us or call 01905 21681.
Act now! Call us on 01905 21681 to get your insurance needs met