Cyber Insurance
With an increasing number of cyber criminals actively targeting small businesses, a security breach could have disastrous consequences. A targeted attack that takes down your website, wipes business-critical data or steals your customer's personal information could have severe consequences for your business.
Cyber Cover broadly covers you in the first part by helping you respond to the incident and to reinstate your data. Then you can opt to cover the Cyber Crime element which includes cover for fraud, theft of funds, hacking, phishing etc. It is also possible to get cover for the interruption to your business and the costs to fix reputational harm and fixing your systems.
Cyber Insurance gives clients great comfort and even the smallest companies can get cover affordably.
Why wait until a damaging breach happens? Call us today for a quote.
Overview
We understand the threats facing small businesses. We access specialist markets and offer you a tailored product to protect you against a multitude of risks following a targeted cyber-attack.
We are able to offer cover to a wide range of industries and with the support of our insurance partners, we offer a flexible approach to cyber insurance.
Cyber Insurance provides cover for financial loss and expenses that businesses may suffer as a result of a Cyber Event, including cyber attacks from malware or other invasive software, cyber extortion and social engineering.
Claims typically include three core things: Liability (privacy lawsuits and regulatory defence), Internal Financial Loss (extortion, notification expenses, data recovery, business interruption, crime/theft), and Emergency Incident Response.
In Ireland SME’s are most likely to be the victim of cyber crime. Today’s criminals are more sophisticated and have new & increasingly clever methods to extract funds or damage companies, sending out viruses and extortion emails like spam to businesses.
FACTS IN NUMBERS; Human Error causes 67% of Cyber attacks. A Cyber Attack occurs every 37 seconds. Cyber-attacks went up 500% in April 2020. 10 Million Identity Thefts since 2013!
What's covered?
- Privacy Breach Notification & Crisis Management Costs
- Privacy & Security Liability
- Cyber Extortion
- Business Interruption – Loss of Profits & Operational Expenses
- Data Recovery & System Damage
- Regulatory Defence and Fines
- Payment Card Data Security Liability
- Additional Covers suych as Social Engineering & Funds Transfer, Fraudulent Use of your Identity & Property Damage
What Covers are available?
- The costs of restoring data and equipment
- Informing clients
- Meeting ransom demands
- Loss of your net profit
- Your legal defence costs and damages you are legally liable to pay other parties
Our Service to you!
Brady Insurance are a experts in Cyber Insurance!
- We shop the Market for you
- Expert Advice from a member of our team
- We assist you in choosing your limit of cover
- We only use insurers bespoke Cyber policies
- We offer complimentary claims handling
- Match cover to your unique needs
FAQs
- Do I need Cyber Insurance?
- What types of claims does Cyber Insurance protect against?
- Why is Cyber Extortion?
- What limit of cover should you choose?
- What Data is Covered?
- Do I need to know how many records I hold?
- What Crisis Management is offered?
- What is Privacy & Security Liability?
Examples of Claims
- Stolen Personal Data
- Ransomware Attack or Cyber Extortion
- Disgruntled Employee steals Credit Card & Personal Info of Clients
- Denial of Service Attack
- Regulatory Fees or Penalties for Data Protection Breach
- Stolen Laptop with 10000 customer records
- Human Error - Email sent with 1000's customer data files sent to wrong person
Who needs Cyber Insurance?
Useful Links
OUR CYBER SPECIALIST BROKER
