As we get more and more dependent on technology to help us in our day to day business, it becomes more crucial that we always maintain secure access to our systems at all times. Whether your business is a small, family run shop or a large corporation the impact of losing access to your computer systems or data can be disruptive enough to being your business to a standstill.
If a company has had their systems/data compromised, they are now legally obligated by the EU General Data Protection Regulations (GDPR) to report it to the Information Commissioners Office (ICO) and can be fined up to 4% of their annual turnover or €20million (whichever is greater) and so a Cyber Insurance policy should now be considered a business essential.
Ensuring you have adequate protections in place for your computer systems is now one of the most important things you can do to ensure continuity of your business, whether small or large, and Cyber insurance provides you protection against:
We have the expertise and knowledge to ensure that you have peace of mind that your business has the correct covers in place so get in touch with us today by email, call us on 01603 954 841 or pop in and see us.
Actually, no. Nearly two thirds of small UK businesses have reportedly suffered a Cyber Attack within the last 12 months with 89% of these reported to have impacted on their reputation.
Insurers will provide various forms of support in the event of a Cyber Breach to get your business running smoothly again, including payment of ransom if this is the most cost-effective way to restore your systems.
As well as providing cover to restore your data and computer systems, many Cyber insurers will also provide cover for income lost during the interruption to your business.
