Cyber Liability

commercial insurance

Cyber Liability

Have you ever stopped to consider what the financial impact to your business could be should you suffer a cyber attack or data breach? Hardware may need to be repaired or replaced and your software and data may need to be restored and updated. This will cost time and money and may stop your company trading whilst it is being fixed. And we’ve not even mentioned the significant amount of money required to meet the demands of a cyber criminal holding your systems to ransom via a cyber extortion ransomware program. 

Sadly half of all businesses suffered just such an attack in 2016 with the average cost to small business reaching £20,000. 

Whether your business uses email, has a website or stores customers data you have to ask yourself whether cyber liability is cover your business and reputation can be without? 

Key Benefits:

  • Flexible sums insured options so the cover can grow with your business.
  • Extends to include legal fees & compensation costs if you get sued for losing personal data.
  • Cyber extortion and ransomware demands are covered.

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