Cyber Insurance
Businesses both large and small have been hit by a cyber attacks over the course of the last year. As the frequency and severity of cyber attacks continues to grow, now more than ever it is important that your business is protected with Cyber Insurance.
- The FBI has reported a 400% increase in Cyber Attacks since the COVID-19 Outbreak
- Every 11 seconds a business is hit by a Ransomware Attack
- Average Cost of a Cyber Attack is over $1,000,000
The best stance you can take right now is to make your organization resilient to Cyber Risk. Cyber insurance coverage keeps your business running by enabling you to respond efficiently & effectively to cyber threats at a very low cost.
Full Cyber-Crime Coverage
As an Acrisure Agency Partner, we have developed our own, industry leading, cyber insurance policy for business both large & small. This policy provides comprehensive crime coverage for a wide variety of cybercrime events including social engineering scams, invoice fraud, ransomware, and targeted extortion. This section of coverage also includes affirmative coverage for new types of cybercrime, such as cryptojacking.
Market-Leading Incident Response Proposition
Our cyber insurance is backed by one of the largest dedicated inhouse cyber claims and incident response teams in the world. Our team consists of expert cyber incident responders and specialist cyber claims handlers. In addition, this team has built a large network of local specialist partners to seamlessly support the claims process from beginning to end. With cyber attacks time is of the essence! We want to encourage swift engagement so we offer our initial response services with no deductible.
Comprehensive Business Interruption Covering the Full Supply Chain
Our cyber insurance’s broad business interruption coverage is not only triggered by malicious cyber events, but also by accidental system failure, meaning that a cyber crime event does not have to take place for coverage to apply. In addition, this section covers the full supply chain, extending to events that impact the insured’s systems, the systems of their technology suppliers as well as those of non-technology suppliers where named.
What does it cover?
- Cyber incident response costs (including IT forensics, legal, breach notification and crisis communications)
- Cybercrime (including social engineering, theft of personal funds, cyber extortion, ransomware attacks and unauthorized use of computer resources through cryptojacking or botnetting)
- System damage and business interruption (including full data re-creation, income loss and extra expense, additional extra expense, consequential reputational harm and hardware repair and replacement)
- Network security and privacy liability (including management liability arising from a cyber events and regulatory fines and penalties)
- Media liability (including defamation and intellectual property rights infringement)
- Technology errors and omissions
- Court attendance costs
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