What is Cyber Insurance?
Cyber Insurance also know as Cyber Risk Insurance or Cyber Liability Insurance is designed to support and protect businesses and individual users against cyber crime and data breaches.
2018 has been the year for GDPR (General Data Protection Regulation). As of May 2018, the new EU regulation with enhanced personal privacy and data protection laws are in effect. The fines for data breaches are higher than ever at €20 million or 4% of annual global turnover.
Most of the time, Traditional Commercial Combined Policies do not include cover for cyber incidents or data breaches. With the ever increasing rates of cyber crime and data breaches, it is time to protect yourself fully by inquiring about Cyber Insurance today.
Do I Need Cyber Insurance?
Do you store any of the below personal information about your clients?
- Name or surname
- Telephone number
- Payment details
- Email address
- Passport details
- Location data
- Internet Protocol (IP) address
- Cookie ID
Do you have a website?
Do you use computers and laptops?
Do you have a computer network?
If you have said ‘Yes’ to any of the above questions, you should consider taking Cyber Insurance regardless of how big or small your business is. Feel free to call us on 01753 882222 if you would like to find out more about Cyber Insurance.
What does it cover?
Cyber Insurance can protect you and your company against
- Data breaches
- Cost of restoring your data and equipment
- Costs for compensating your clients
- Costs associated with informing your customers
- Relevant legal costs
- Ransom payment in case of a targeted attack
- Cost of bringing your website back online
- Business interruption
At Fairweather Insurance, we have been providing the highest levels of service for many years. It’s our experience and passion for outstanding service that sets us apart.
Do you need a Cyber Insurance? Call our brokers on 01753 882222 or Request a Callback. Our friendly, professional specialists are here to help with all your insurance needs regardless of how complex or small they are.