Cyber exposures are a huge concern for all types of companies. All companies rely to some extent on computer networks and therefore, they face a degree of exposure.
We have all heard the stories about high profile brands and their data security breaches. As a result, there has been increased focus on firms due to more onerous legislation on data protection.
It is important to note that a cyber-attack is not covered under a Public/Product Liability policy which has specific electronic data exclusions. This subsequently leaves a company more susceptible to a vast array of lawsuits.
Rogue Employee – Physical Theft / Theft of Data
Negligent Employee – Sending wrong data
Outsiders – Breach of Data / Hacktivism
Vendors – Cloud / Data Centres
Social Networking – Twitter / Facebook / LinkedIn
At Murray & Spelman, your Cyber Liability policy is tailored to suit the needs of your organisation that will ensure its protection against the impact or cost that a potential breach may have for your business.
Crisis Management and Identity Theft Response
Pay for Regulatory fines and/or penalties
Data Asset Protection
Network Business Interruption
Network Security Liability
We also offer tailored Crime Liability insurance that is designed to meet the needs of companies who are subject to potential risks.
Forgery or alteration
Funds transfer fraud
Counterfeit money coverage.
To discuss your business and its Cyber Liability or Crime Cover requirements, please contact any member of our commercial team.