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Cyber Insurance

All organisations face the reality that data breaches have become inevitable. And the stakes are high. You hold personal data on trust for your customers. If they don’t think your business can be trusted, the very future of your company may be at risk. A data breach is not a learning opportunity – you have too much to lose to risk mishandling it.

Malicious threats like zero-day malware, ransomware, spyware and scareware are on the rise but businesses cannot ignore unintended disclosure and human error risks. Business interruption, cyber extortion, loss of critical operational data and electronic crime present cumulative risks that businesses must address.

First party coverage

We are delighted to be able to announce - a new Contractors Cyber policy form which is streamlined and comprehensive to cover your organisation seamlessly in the event of a cyber breach. The policy includes:

  • First party coverage for cyber extortion;
  • Data recovery costs;
  • Business interruption resulting from security breaches and system failures;
  • Contingent business interruption from incidents occurring at the policyholder’s vendors and suppliers; and
  • eCrime coverage.

Its critical to respond to these threats effectively and timely and by partnering with Beazley, a specialist Insurer in the Cyber field, we are able to provide access to a market leading Breach Response Policy.

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