Cyber crime is continuing to increase and so are the insurance products available to you from insurers.
But not all are the same.
So how do you know what the right coverage and risk management policy is going to be right for your business?
To help you through this process Ascend have put together an Ascend Cyber Liability Explained eBook – helping you understand the exposures and the solutions available to you.
WHY BUY CYBER INSURANCE?
Your computers and IT assets are critical to the day-to-day operation of your business. The third party information you hold is valuable and you can be held liable if you lose it. Cyber related crime is the fastest growing in the world.
Related Article –Cyber Insurance and why it is a necessity
Notifying your customers of a breach costs time and money and requires expertise. Hackers and viruses do not discriminate about who they attack
Related Article –Protecting your business against cyber-attacks
WHAT CYBER INSURERS COVERS
Products are available to a wide range of industries and covers a broad range of network, privacy and multimedia related risks. These include:
Data breach notification costs
Information and communication asset rectification costs
Public relations costs
Credit monitoring costs
Cyber business interruption
Regulatory defence and penalty costs
Cyber, data security and multimedia
Related Article –Home Cyber Protection – how secure are your family?
This is just a brief overview. We are happy to answer any questions that you may have on cyber related issues – it is a complicated area and one that needs the correct coverage. Please contact us should you wish to discuss your requirements in more depth and find out how we can help you with this and other matters.
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Ascend Broking Group Ltd
Redwing House, Colchester Road, Chelmsford, Essex, CM2 5PB
Tel: 01245 449062 |