Cyber Liability Insurance

Cyber Liability Insurance 2017-05-20T16:08:19+00:00
Cyber Liability Insurance - J M Glendinning Insurance Brokers Leeds Newcastle Scarborough Sheffield

Protect your business against the effects of Cyber Crime with Cyber Liability Insurance

If you trade online, or even if you just keep data on your customers, Cyber Liability Insurance can protect you against the implications of a data security breach. More and more businesses hold data on their customers and prospects, which could be at risk from hackers, cyber criminals, or even inadvertent loss or misuse of data by your own staff. Contact Us to find out more or to get a quote.

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Do you need Cyber Liability Insurance?

One thing to be aware of with Cyber Liability Insurance, is that the cover provided is normally excluded from a standard Public Liability policy, so this is something you need to buy specific cover for if you feel that your business is at risk. It stands to reason that if any of the following apply to your business, you could be more at risk of a security breach, or be more profoundly affected by one:

  • If you trade mainly or completely online
  • If you handle detailed or sensitive data on your customers and prospects
  • If you retain credit card details for your clients
  • If you regularly use or share data electronically, within your company or with suppliers etc
  • If you have mobile or home-based staff with access to sensitive data
Cyber Liability Insurance and Cyber Crime Guide
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What is covered by Cyber Liability Insurance?

The cover provided under a Cyber Liability Insurance policy will depend on the insurer and the nature of your business, but can include:

  • Losses incurred as a result of a data breach
  • Costs as a result of you unintentionally transmitting a virus​
  • Unauthorised collection or misuse of customer data

How do you protect your business against the threat of Cyber Crime?

Whether you buy insurance or not, it’s vital that you review your IT processes and procedures, to ensure that you don’t leave yourself open to crime. There is a great deal of free help and advice available and many businesses find that there are simple, actionable steps they can take to improve their cyber security.

Here are just some of the free resources available:

  • Cyber Streetwise – This Government website gives simple, effective tips to both individuals and businesses to help them  reduce the risk of a cyber breach. Visit Cyber Streetwise to find out more.
  • Cyber Essentials – This new Government initiative is aimed at helping businesses improve their cyber security, as well as offering the new Cyber Essentials accreditation. This allows you to demonstrate to potential customers that you take cyber security seriously.
  • Action Fraud – This is the UK’s fraud and cyber crime national reporting centre. If you are unfortunate enough to suffer a security breach, you should contact Action Fraud in the first instance to report it.

Why should you use JM Glendinning for Cyber Liability Insurance?

As an experienced insurance broker, established in 1972, we’re well placed to help you with new and potentially complex covers like Cyber Liability. JM Glendinning has always provided local, personal service, to help you find the right insurance for your business, at the right price.

Contact Us for more details

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Call us on 0844 558 2669 to discuss your Cyber Liability Insurance, or contact us through the website and we’ll come back to you.

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