Cyber attacks and commercial crimes are on the increase
Staying safe online has never been more important. One small business in the UK is successfully hacked every 19 seconds and, with businesses more likely to be operating remotely nowadays, the risk is even greater.
Cyber criminals typically target sensitive data such as your client database or important documents to steal cash or extort money from the business. If you were hacked and locked out of your systems, would you know what to do?
Won't my current insurance cover cyber losses?
General liability insurance covers bodily injuries and property damage resulting from your products, services or operations. Cyber insurance is often excluded from a general liability policy.
The UK's GDPR requires companies to notify customers of a data breach involving personally identifiable information, which is a process that can be very expensive, but at the same time the least of your worries should such a claim arise.
What Cyber Insurance Covers
These are just a few areas in which a cyber insurance policy will protect your business. Don't know what some of these mean? All the more reason to talk to one of our cyber experts.