What is cyber and data risks insurance?
Cyber and data risks insurance is designed to support and protect your business if it experiences a data breach, or is the subject of an attack by a malicious hack that affects your computer systems. Grosvenor Insurance Brokers provides comprehensive cover, simplicity of claim procedure and the reassurance of a trusted partner who specialises in this area.
Ransomware – Cyber extortion
Protection if a hacker tries to hold your business to ransom. We cover the ransom you have paid, as well as providing the services of a leading risk consultancy rm to help manage the situation.
We offer practical support in the event of a data breach (electronic or otherwise). Including forensic investigations, legal advice, notifying customers or regulators and offering support such as credit monitoring to affected customers.
Cyber business interruption
We will provide compensation for loss of income. This includes where caused by damage to your reputation, if a hacker targets your systems and prevents your business from earning revenue.
We will reimburse you for the costs of repair, restoration or replacement if a hacker causes damage to your websites, programs or electronic data.
We provide expert support to mitigate reputational damage. In the event of a data breach, prompt and con dent communication is critical to help minimise the damage to a company’s reputation. We include crisis containment cover with a leading public relations rm who can provide expert support, from developing communication strategies to running a 24/7 crisis press office.
We will pay to defend and settle claims made against you for failing to keep customers’ personal data secure. We will also pay the costs associated with regulatory investigations and settle civil penalties levied by regulators where allowed.
The policy includes protection if you mistakenly infringe someone’s copyright, for example by using a picture online without permission, or inadvertently libel a third-party in an email or other electronic communication.