What is cyber liability insurance?
With more and more of the nation working from home and cyber-attacks on the rise, the importance of protecting you and your business in our increasingly digital world is now more important than ever. Kingsbridge’s cyber liability insurance gives you peace of mind in the event of a breach and ensures that you have a team of experienced professionals on hand to help if things ever go wrong.
What does cyber liability provide cover for?
For just £74.50 (plus Insurance Premium Tax), you would be covered against:
· Business interruption costs (£20,000);
· System and data rectification costs (£100,000);
· Regulatory defence and penalties (£25,000);
· Cyber extortion and ransom costs (£25,000).
In addition to the above, our policy gives you access to ReSecure, a dedicated 24-hour helpline and specialist cyber incident report service. In the event of an attack, they will help to determine the cause of the breach, as well as assist in the recovery of any lost data and the restoration of your systems to working order.
The security risks to your business
Cyber-attacks continue to rise, with it being reported that 2020 was the busiest year on record for cyber-attacks against UK firms. With hackers finding new ways to target businesses, the days of relying solely on antivirus software to protect your computer have been consigned firmly to the past.
Cyber-attacks can come from any number of sources, many of them innocuous: opening an email, accessing an insecure Wi-Fi network, or even from a program you’ve previously used regularly on your computer.
If you’d like to know more give one of our team a call on 01242 808740, or email us at firstname.lastname@example.org.
Full terms, conditions and exclusions can be found here.
How do I purchase a Kingsbridge cyber liability policy?
Our cyber liability policy is available as an add-on to our core professional indemnity, public liability and employers’ liability package insurance product at checkout. Unfortunately this policy is currently unavailable to add on part way through your policy year, but we can make sure it’s added at renewal.