It’s a Case of “When” not “If”

An organisation can be hit by a cyber crisis at any time and in many different ways. In an ever-involving world, businesses find themselves significantly more reliant on the use of complicated IT systems and data storage facilities, to ensure they are working competitively and efficiently in today’s modern environment.

Cyber insurance should therefore form a major part of a company’s security measures. Many companies do not see this as a priority, but we do for the following reasons:

• Companies of all sizes and all industry sectors now face insurable cyber risks in
  today’s economy across different areas such as social media, information privacy, business processes and computer security risks.
• Responding to a Cyber incident requires the urgent involvement of several experts ranging from lawyers to IT forensics experts to specialist PR firms in a critically short period of time.

Our policy provides coverage for Cyber Extortion, Event Management, Network Interruption, Telephone Hacking, Digital Media, Computer Crime and Security and Private Liability.

In the event of a critical cyber incident policy coverage will provide immediate specialist support to contain the event and restore businesses back to working capacity as soon as possible by:

• Offering a First Response Service within 1 hour of reported incidents, provided without prejudice to policy coverage
• Appointing IT Specialists
• Providing updated reports detailing the support and advice regarding the incident and next steps
• Providing initial legal advice
• Financial Reimbursement

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