cyber insurance, high net worth, high net worth insurance

Home Cyber Protection – how secure are your family?

Modern households are more connected than ever – from your computers and phones, to entertainment systems and even household appliances and equipment. While these connections have made our lives simpler and easier, they have also opened up homeowners to a new range of personal cyber risks. What would you do if your home network was hacked? As technology moves ahead, so does the threat. Everyday we hear about businesses or governments being targeted by cyber criminals, but what you do not hear about that often are the thousands of daily hacks into home networks and the real life threat and damage that occurs. Although there is plenty of protection software available, but unfortunately, security is always behind the hackers who are often able to outwit even some of the most stringent systems.

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Ascend Executive policies offers a suite of cyber coverage and services for computer attacks, cyber extortion, online fraud and the breach of personal information involving smart phones, computers and connected home devices - designed for the modern high net worth family this cover is unique and not included within standard insurance policies. This inventive personal lines coverage bundles cyber insurance protections once available only to businesses, but are now increasingly important to any individual who stores information electronically and accesses data online. Our policy will offer you unique cover for:
  • Computer Attack, to remove malware and reprogram computers and tablets, Wi-Fi routers or other internet access points
  • Home Systems Attack, to restore devices connected to the internet, including smartphones, thermostats, smart appliances, and security systems
  • Cyber Extortion, with professional assistance on how to respond to a ransomware attack and payment of ransom when approved
  • Data Breach, including forensic IT and legal reviews, notification and recovery services when private non-business data entrusted to an individual is lost, stolen or published
  • Online Fraud, for losses due to identity theft, phishing schemes, illegal bank and credit card transfers, forgery, counterfeit currency, and other deceptions

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What would you do if your home network was hacked? We can cover this for you under our Executive Household policy What’s the damage? Breaches of your online data or hacking of your network are both fast growing risks that can affect the security of your personal data, the operation of your home network including your physical security such as electronic gates, locks, doors, alarm & CCTV systems. Here are just a few claim examples:- Hacking of the security system opening doors/gates This allowed a thief to remotely unlock doors, turn off CCTV and alarm systems connected to the home network and just walk in through the front door. Turning on/off of appliances that are connected to your network Caused a flood when a home fridge freezer leaked whilst the insured was away on holiday Remote turning off of heating system Caused pipes to freeze during the winter Stolen data Data was stored and client held to ransom

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Even if you have put all the barriers in place that you can, a cyber breach can still affect you and our cyber insurance extension is the next logical step in your defence. Not only this, but if your are affected by any data loss, there may be legal and compensation costs to remedy the situation. The list goes on and cyber liability insurance is designed to cover each possible scenario. To find out how we can help you with this increasing threat and our other unique executive products  more please contact one of our consultants. 01245 449061 info@ascendbrokingold.co.uk

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Other articles 10 reasons to use a specialist insurance broker Free jewellery valuation service Driver defence product   Matthew Collins matthew.collins@ascendbrokingold.co.uk