Reasons why you need a Cyber Liability policy:

  • The rapid advancements in technology are leading to an increase in cyber criminals who are able to use the technology for their own criminal intent.
  • Can be tailored to cover risks specific to your business.
  • The loss of data can lead significant financial damage for a business and even result in prosecution
  • One managed policy, one renewal date and Hamilton Robertson working on your behalf.

Cyber Liability Insurance

The rapid advances in technology over the years have completely changed and revolutionised the way businesses operate. However, the expansion of technology has left businesses susceptible to a different type of crime, cyber-attacks. Criminal organisations are now able to use technology for their own criminal benefit, accessing confidential client data and hacking.

It is often assumed that Cyber Attacks only effect well known businesses or internet businesses, but a report from the Government Security Breaches Survey found that nearly three-quarters (74%) of small organisations reported a security breach in the last year; an increase on the 2013 and 2014 survey. SMEs are now being pinpointed by digital attackers.”

Source: https://www.theguardian.com/small-business-network/2016/feb/08/huge-rise-hack-attacks-cyber-criminals-target-small-businesses 

With each system hack, virus or security breach triggering potentially disastrous consequences, Cyber Liability Insurance is a must-have for most businesses.

We understand that risk management has to respond to changing threats, whether the issue is wrongful collection of personal information, business interruption due to malicious attacks, human error or even the failure of a service provider

Typical policies can include:

  • Loss of business revenue
  • Business interruption
  • Breach of confidentiality
  • Replacing or restoring data costs
  • Crisis management expenses
  • Reputational damage arising from breach of data
  • Concessions to customers
  • Security overhauls

Why use us?

We are an Independent Chartered Insurance Broker having been in business for over 35 years. This means that whilst we have many years’ experience in arranging insurance the real benefit to you is that we can put our experience and qualifications into practice.

And because we are not tied to any one insurer, we work alongside the major household-name and specialist insurers to recommend a range of insurance products that are specially-designed for you, and a competitive price.

For advice on getting the right level of cover for you, get in touch with us.