Cyber Liability Insurance

One of the more modern threats to a business is an online attack, where hackers take down your website, access confidential data from your databases, or send out scam emails or messages to your client base.

Some of the biggest companies in the world have been exposed by a cyber attack – Google, Apple, eBay – all these giants have suffered. They managed to get back on their feet – but not all companies do.

Some have such damage to their reputation that they cannot win their customers back. Others lose a lot of money which they cannot recover from.

It isn’t just the big companies either- small start ups are also vulnerable, especially if you are just getting to grips with new IT systems and perhaps do not have the security you need on your new website.

Remember that all companies hold sensitive data, so any hacker would be interested in getting hold of this and breaching your firewalls to use the information to their advantage.

GDPR rules mean that any such breach could result in hefty fines of up to 4% of your annual turnover.

If you are worried about a cyber attack affecting your business, then you would be wise to invest in cyber liability insurance to cover yourself against this growing risk.

With over 40 years in the industry, our expert team have seen the effects of cyber attacks on businesses in all industries grow and develop over time. There is a much bigger risk now than ever before, and we are able to tailor a unique cyber liability insurance policy to your specific business. We know we can handle your requirements however complex they may be – or even if you don’t know where to start.

Because we are not tied to any one insurer, we can use our reputation and standing in this industry to scour the market for you, negotiating the best costs so that you always receive a competitive price.

Data attacks can happen to any business, no matter how well protected the IT system.

  • All companies hold sensitive data
  • Data can be hacked or breached
  • Malware/Viruses/Ransom demands – downtime is invaluable
  • New GDPR rules with fines of up to 4% of annual turnover
  • Theft from bank accounts by cyber criminals
  • Legal costs and fines can be high
  • Reputation of the business and business interruption

A cyber liability insurance policy from Hamilton Robertson gives you peace of mind that if such a data breach did occur, you are covered legally, financially and can receive advice on damage control to minimise the disruption to your business and the effect on your reputation.

A policy might include:

  • Crisis Management Costs
  • Incident Response Costs
  • IT Security and Forensic Costs
  • Crisis Communication Costs
  • Damage and Rectification Costs
  • System Business Interruption
  • Breach in Data Fixed
  • Malware Attack Fixed
  • Legal Defence Costs
  • Managing of Ransom Incident
  • Ransom Amount Paid
  • Electronic Money Theft

Get in touch

Contact us today to find out how we can help you and your business. Our experienced team can:

  • Talk you through what’s included in this policy.
  • Provide you with a no-obligation quote for this insurance.

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