Cyber security insurance, also known as cyber risk insurance, is a type of insurance that protects businesses from financial losses caused by cyber attacks. These attacks can include data breaches, malware infections, ransomware attacks, and denial-of-service attacks.
Cyber security insurance is important for businesses of all sizes, but it is especially important for small and medium-sized businesses, which may not have the resources to recover from a cyber attack.
Cyber security insurance typically covers the following:
Cyber crime is on the rise, in the last 12 months more than three out of five businesses have reported a cyber attack and it can lead to loss of profits, a ruined reputation and even fines. Security should be considered for anyone who uses computers or the internet at work, keeps data about clients, suppliers or staff, conducts online transactions, or just uses social media.
The cost of cyber security insurance will vary depending on the size of your business, the industry you are in, and the level of coverage you need. However, cyber security insurance is typically very affordable, especially when compared to the cost of recovering from a cyber attack.
Our Cyber Insurance can help you with the following:
Insuring against cyber crime and data risks means that you are safe from new and emerging threats, but we will also assist with the practicalities of having specialists to restore networks, rebuild information, and deal with any requests that are made where data is stolen. In The Insurance Times Cyber Product Survey 2018, our cyber insurance policy for SMEs is the only one to score 100%.
Losing data or accidentally sharing it can cause real headaches for you and your clients. There are lots of stories about people leaving memory sticks lying around, but there are much simpler ways to lose data that do just as much damage. Cyber insurance helps you cover your costs and get back to business.
These days we have detailed commitments to keeping client data safe, making sure online transactions are secure and complying with the changing legislation around digital transactions and communications. Things like GDPR legislation are important but complicated and it’s easy to make mistakes or miss things.
In today's digital landscape, cyber threats are on the rise, and your business's data and reputation are at stake. That's where Legal Ex Plus comes in. Our comprehensive Cyber Insurance solutions are tailored to protect your business from the evolving world of cyber risks. Contact us today to secure your business's future in the digital age!
Cyber security insurance is an important investment for businesses of all sizes. It can help you protect your business from the financial losses caused by cyber-attacks. If you do not have cyber security insurance, contact us to get a quote today.