Cyber Liability Insurance Cover - Arkwright Insurance

Cyber Liability

Cyber Liability Insurance

What does a cyber liability insurance policy cover?

 

This type of insurance policy protects you against cyber security risks within the areas of:-

 

  • Recovery of data in the event of a security breach
  • Dedicated cyber security cover against digital threats
  • Protection against theft of intellectual property in the event of a cyber attack
  • Immediate response from experts within 1 hour of notification of an incident
  • Deployment of IT Forensics – provided by KPMGs Response
  • Legal Response & PR Consultancy – to contain damage to reputation
  • Costs of notifying those people affected
  • Insurable fines and penalties by data protection regulator
  • Network Interruption – loss of net profit – optional
  • Cyber/Privacy Extortion – response and ransom payments – optional
  • Digital Media Liability – breach of intellectual property rights – optional

 

Why buy cyber liability insurance?

 

  • Computers and IT assets in any business are critical to the day-to-day running of the business
  • 3rd party data information you hold is valuable and you can held liable if the data is lost
  • Cyber related crime is the fastest growing in the world with hackers now targeting all of types of businesses including government agencies and companies
  • Hackers and viruses do not target only one or few type of business they target any business within any sector
  • Notifying customers of a breach costs time and money and require technical IT expertise

 

Defense costs and cover damages against:-

 

  • Breach of personal or corporate data
  • Contaminating someone else’s data with a virus
  • Theft of systems access code
  • A negligent act or error by an employee

 

At Arkwright Insurance Brokers we offer cyber liability insurance at higher level with risk management in relation to cyber attack exposures.  Call our professional team on (01204) 392 525 or email us at quote@arkwrightinsurance.co.uk and we will help you insure your business against cyber threats immediately.

 

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