Cyber Insurance

What is Cyber Insurance?

Cyber Insurance is cover you take out in case your business becomes the victim of a cyber attack. This can include a wide range of issues, such as if a piece of malware infects your computer system, or a breach in security leads to a large data theft. These attacks can have pretty significant consequences, so it pays to understand your risks and do all you can to mitigate them.

Do you need Cyber Insurance?

Most businesses these days rely on digital solutions to run their company. Of course, that often offers significant benefits, but it does put them at risk. Just think what would happen to your business if you were unable to use your digital technology. As with everything we do at Marshall Wooldridge, we will work with you to understand the type and amount of cyber insurance cover you need.

Does your business use computers?

If you do, then they are open to cyber attacks. So cover is a must.

Does your business have a website?

If you do, then it is open to cyber attacks that could take it offline for a prolonged period.

Do you hold electronic data about your customers?

Data breaches are an all too common thing these days. Cyber Insurance will help protect you if this happens.

What does Cyber Insurance cover?

Cyber Insurance can include compensation for a variety of costs related to cyber security. These include technical fixes to future preventative measures and even repair to your business's reputation. Our Cyber Insurance policy includes cover for the following:

Investigation Cover

In the event that your computer system is compromised, your insurer may well cover the costs of the investigation into the issue.

Business Interruption

With Cyber Insurance you can ensure you policy covers you for any financial loss your business incurs as a result of disruption.

IT Services Recovery

To recover after an attack, you will need IT related services. A Cyber Insurance policy will provide compensation to cover this.

Cover for Liabilities

Security breaches are often be followed by fines and lawsuits. Cyber Insurance means you can find cover for the financial implications.

Crisis Communications

The consequences of a cyber-attack may need a certain amount of public image repair, and the costs associated with this can be covered.

Data Services Professionals

If data has been compromised, you’ll likely need data professionals to restore lost information. Cyber Insurance can cover this cost.