Cyber Liability Insurance

With 60% of small businesses folding after a major cyber incident cyber insurance is the most important investment to protect your business.

Cyber insurance you can trust

To find out more please check out our dedicated cyber risk management website or contact one of our passionate team on 01242 898387.

As businesses become ever more reliant on technology, the risk of problems with computer systems, or the loss of sensitive customer data, continues to grow. Cyber security should be a major concern for businesses of all sizes. According to The Cyber Security Breaches Survey 2019, over half of businesses and charities in the UK had identified breaches or attacks in prior 12 months.

What is Cyber Insurance?

Cyber insurance covers your costs following a cyber incident. This typically includes investigation and remediation costs, legal costs, data breach costs, your loss of revenue and any liability you have to third parties.

Who needs Cyber Liability insurance?

Cyber and data risks insurance is designed to support and protect your business if it experiences a data breach or malicious cyber attack on your computer systems. Cyber liability insurance provides comprehensive cover, technical advice, reputation protection and support in the event of a claim.

Does your business have a computer system?

Do you hold client data electronically?

Do you take credit or debit card payments?

Do you have a website?

If you answered yes to any of these questions your business could be at risk and you should speak to our team to find out more on how we can help protect you. 1 in 3 UK small businesses have fallen victim to cyber crime and this is increasing as we become more reliant on technology and our world becomes more network connected.

Why JMP?

As an independent insurance broker, we work with several specialist cyber insurers allowing us to provide you a bespoke risk management solution at a competitive price.

JMP Cyber Insurance – providing real solutions in a virtual world.

What are some common types of attack?

  • Malware – software such as viruses, Trojans and spyware.
  • Social Engineering – an attempt to fraudulently acquire personal information, such as passwords and credit card details frequently using a phishing email.
  • Ransomware – a type of malware that prevents users from accessing their system or personal files by encrypting them and demands payment of a ransom to regain access.
  • Denial of Service – prevents the use of system services or resources usually by overloading the service with requests.

Cyber insurance provides:

  • A comprehensive incident response
  • Legal and regulatory support
  • Forensic expertise
  • Revenue protection
  • Notification costs in the event of a breach
  • Protection for your reputation

Some of the key benefits provided by a cyber insurance policy following a breach are:

  • Access to a panel of experts to form an incident response team
  • Assistance with investigation and notification costs
  • Access to assistance with public relations
  • Cover for loss of revenue during any downtime

If you would like to learn more about this, please visit our specialist cyber risk management hub, or contact one of our cyber insurance experts on 01242 898387.

What cover is provided by Cyber liability insurance?

As a independent insurance broker we work with a number of specialist cyber liability insurers allowing us to provide you with the most suitable product for your needs. Every policy is different but we have outlined the main covers below.

Get in touch

For more information on cyber insurance or to talk about how your business can benefit from this type of policy call our team today.

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