WHAT IS CYBER INSUARNCE?

Cyber Insurance is a relatively new product.  It protects against costs after a cyber-related security breach or similar event (such as data breaches, computer hacking, employee error).

NEW OR REVIEW?

We assess whether Cyber protection is worthwhile for your business, or we can check what you may already have in place.  Delivering one of the following outcomes:

Keep your Existing Policy/Provider with the Existing Cover.
Keep your Existing Policy/Provider and Revise the Existing Cover.
Change your Existing Policy/Provider with the Existing Cover.
Change your Existing Policy/Provider and Revise the Existing Cover.

HOW MUCH DOES CYBER INSURANCE COST?

As a starting point, list the expenses your business needs covered in the event of an incident.  Are there are any third party implications? 

It can be complex.  These factors may influence Premiums:

  • Services – The nature of the services your business provides.
  • Industry Risk – Data exposures that are inherent to your industry.
  • Business Size – Both financial and transaction volumes.
  • Extent – The level of inclusions or exclusions in your Policy.
  • Excess – What are your willing to contribute.