Cyber Liability Insurance

This is an emerging risk in business and provides cover where other liability policies do not. With new Privacy Legislation introduced in February 2018 in respect to mandatory breach notifications there is an increased awareness around Privacy and cyber responsibilities.

Some of the more common events that lead to Cyber Claims are a hack attack, privacy breach, lost or stolen computers/equipment, social engineering, phishing and cyber fraud. Cyber Insurance can be tailored to cover against third party claims, first party costs as well as business interruption / loss of profits resulting from the breach.