Cyber liability insurance is essential with technology growing rapidly within organisations. It is crucial to keep computer systems up to date to help prevent security breaches from hackers, criminals and employees. It is also important to have the right measures in place to cover the costs of a security breach. Cyber liability insurance can help businesses get back on track after a cyber attack.
Cyber liability insurance predominately covers your business for:
- Losses sustained to your business including costs and loss of revenue
- Loss to third parties such as financial loss and defence costs
- Contingent Businesses Interruption - loss of revenue due to cyber attacks on suppliers of your business