Cyber liability for your business - are you covered?
Are you covered for Cyber Liability?
The British Chambers of Commerce (BCC) previously reported that 42% of big businesses had fallen victim to cybercrime compared to 18% of small companies. At the time, Adam Marshall, BCC director-general, said: "Cyber attacks risk companies' finances, confidence and reputation, with victims reporting not only monetary losses but costs from disruption to their business and productivity. While firms of all sizes, from major corporations to one-man operations, fall prey to attacks, our evidence shows that large companies are more likely to experience them. “
What is cyber and data risks insurance?
When it comes to cyber risk, insurance is more important than ever with attacks and security breaches increasing in frequency and sophistication. Cyber and data risks insurance is designed to support and protect your business if it experiences a data breach or is the subject of an attack by a malicious hacker that affects computer systems. It provides comprehensive cover, simplicity, reputation protection and a trusted partner in the event of a claim.
At LIFT-Insurance we have a track record in delivering first class service and advice. Our cyber liability insurance can help firms manage the impact of a cyber breach and get them back to business as usual. As well as protecting you financially if someone brings a claim arising from your use of digital and online communications, our cyber liability insurance can cover loss of customer data and the consequential losses and fines that can arise.
Get in touch today.