Cyber is a complex specialist cover and no two policies are the same. At Towergate we have in depth cyber expertise to help guide you to the right policy coverage for your business:
Cyber
The role of cyber, data and crime insurance in an overall insurance portfolio has never been as important as it is at the current time. Cybercriminals are always evolving, taking into account new opportunities to exploit businesses in new and different ways.
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Cyber, crime and data insurance covers losses relating to damage to, or loss of information from, IT systems and networks.
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Policies generally include significant assistance with and management of the incident itself, which can be essential when faced with reputational damage or regulatory enforcement.
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Cyber and data risks fall into first-party and third-party liability.
The standard cover
Some examples of cover typically offered:
Loss or damage to data or software programmes
Business interruption from network downtime
Cyber and data extortion
Customer and/or third-party notification expenses e.g. data privacy breach
Repairs or replacement following system damage
Regulatory actions and investigations and court attendance costs
Crisis communication costs
Reputational damage arising from a breach of data
Loss of third-party data, including payment of compensation to customers for denial of access and failure of software
Our cover and service USPs
Access to a wide range of insurers
Including a leading London cyber broking team for large and complex risks.
Data recovery support
In the event of a breach.
Extortion cover
If a hacker tries to hold you to ransom.
Business interruption cover
To keep you going after a cyber attack.
Payment of costs associated with regulatory investigations