Cyber Liability Insurance Broking Solutions
Every organisation that has a network, online presence and holds or accesses confidential data is at risk for a cyber breach or attack. The very nature of the internet means that cyber criminals from anywhere in the world can direct their attention to specific targets.
Cyber policies cover data – any legal liability incurred following from a breach of data (loss, theft, corruption) and first party costs arising from the loss of data. It typically provides coverage for Event management; Data protection obligations; Liability; Cyber extortion; Business Interruption and Digital Media liability.
Key features of cyber cover:
Access to expert service providers
Cyber terrorism cover
Reputational expenses
Broad definition of insured (company, employee, director, responsible officer)
Data protection fines cover if permissible under law
There is no one-size-fits-all approach to cyber insurance as each business will have unique levels of exposure related to their operations. Consulting with an Aon Expert is an invaluable exercise in protecting your reputation, data, clients, colleagues and bottom line.