Tel: 01992 471001

Email: hoddesdon@ashbourneinsurance.co.uk

Cyber & Data liability insurance

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01992 471001

A lost laptop, a hacked website, customers’ credit card data stolen, a denial of service attack or a file of sensitive client information left on a train.

Business are now ever more reliant on technology, the risks from suffering a loss related to problems with their computers, or holding sensitive client data, continue to grow. This can lead to a loss of revenue, damaged reputation, legal and regulatory costs, not to mention business disruption.
According to a report by the UK government, 60% of small businesses suffered a data breach in the last year.1 A further 16% of small businesses experienced a ‘denial of service’ attack, effectively making their computer systems unusable.

If any of the following apply to you, your business could be vulnerable to a
data breach or loss of vital business services;

  • hold sensitive customer details such as names and addresses or
    banking information;
  • are reliant on computer systems to conduct your business;
  • have a website;
  • are subject to a payment card industry (PCI) merchant services agreement;

Protect your business
Cyber and Data liability offers comprehensive protection for your computer systems and data (electronic or otherwise).

Benefits include:

  • practical support in the event of a data breach including forensic investigations, legal advice, notifying customers or suppliers and offering support such as credit monitoring;
  • Compensation for loss of income, including damage caused by loss of reputation, if targeted and prevents your business from earning;
  • Payment of the costs associated with regulatory investigations or claims for damages made against you for failing to keep customers’ personal data secure.
  • It can also pay penalties made by the regulators;
  • Reimbursement for the costs of repair, restoration or replacement if a hacker causes damage to your websites, programs or electronic data;
  • Liability protection if you mistakenly infringe someone’s copyright by using a picture online for example, or inadvertently libel a third party in an email or other electronic communication.

Insurance alone is not enough to deal with these new and evolving risks. Most insurers will provide you with access to a team of experts who will work with you to minimise your loss and the possible damage to your business.

From the moment you notify insurers they offer expert help and guidance when and where you need it, for example:

  • You think confidential data has been stolen or gone missing.
  • A hacker has disabled your computer systems preventing you from running your business.
  • Content on your website has accidentally libelled a third party and they are suing you.

If something goes wrong, prompt, confident communication is critical to help minimise the damage to your company’s reputation. Crisis containment cover should be a minimum standard, giving you access to public relations firms who can provide expert support, developing communication strategies and running a 24/7 crisis press office.

Why choose Ashbourne?
We are an independent broker and can search the leading insurance companies in this field for cover tailored to your specific needs at a price to suit your budget.
We have many years experience in this field and regularly provide expert advice on industry trends at business seminars
There is currently no industry “standard”, don’t get lost in “cyber-space” talk to an expert.

Please see our Fact finder here.

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