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Cyber Liability

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We live in the virtual age and, while it has opened new avenues for businesses to connect with clients, having digital operations comes with its risks.

Cyber criminals are becoming more and more savvy and ruthless. A survey by the Government estimated 61% of large corporations and 31% of small businesses had suffered a cyber breach in 2018. A cyber security breach can cost large businesses over £20k and small businesses more than £3k on average.

Whatever your business model, it is likely that you will use some degree of information technology, whether this is e-commerce operations, storing clients’ data digitally or merely sending emails internally and externally. Just as you would protect your physical assets, safeguarding your digital assets is equally as vital. A Cyber Liability Insurance policy can offer a helping hand in the event that hackers breach your system.

We understand finding the right insurance can be a minefield, especially in the everchanging digital landscape. We aim to make the process simple and straightforward for our clients – we’ll do the hard work sourcing appropriate cover, so you can focus on growing your business.

Cyber Liability comes in many forms, ranging from first-party response to third-party defence and liability. First-party response generally covers the cost of any investigations related to relevant parties affected by a breach, including fees around informing them. It can also cover Business Interruption incurred as the result of a cyber-attack or any malicious threats that cause damage to your computer network. Third-party defence typically covers any settlements you need to make as the result of a data or security breach, including copyright infringement and affected domain names.

At Blackmore Borley Ltd, we can create bespoke Cyber Liability Insurance policies. One of our experienced specialists will assess your digital risks before recommending a solution that is catered towards your business requirements, so you know you’ll never pay for more than you need.

We’re here to help. Call our friendly professionals on 0207 929 4616 to discuss your Cyber Liability and Business Insurance options.

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